Businesses rely heavily on electronic equipment for daily operations, from IT systems and medical devices to office and security equipment. Any breakdown or damage can lead to costly disruptions. Electronic Equipment Insurance provides your business with the protection it needs to ensure continuity, covering accidental damage, electrical failures, and data recovery so your operations can resume swiftly and securely.
Against accidental damage and electrical failures.
For data restoration costs.
Safeguards critical business technology against unforeseen risks.
Covers the cost of repairs or replacement for electronic equipment damaged due to unforeseen incidents, ensuring you avoid unexpected expenses.
Helps minimise downtime with coverage for data restoration and repairs, enabling businesses to get back up and running quickly after a breakdown or damage.
Tailor coverage to meet the unique needs of your industry, from IT companies and medical facilities to manufacturing firms, ensuring that all critical systems are adequately insured.
Gain confidence knowing your business’s most essential equipment is protected, allowing you to focus on operations without the fear of sudden, costly interruptions.
Covers unforeseen physical damage to insured devices, such as computers, servers, medical equipment, and other critical technology that keeps your business running.
Provides coverage for damage caused by power surges, short circuits, and electrical breakdowns, ensuring your systems remain operational.
Compensates for the costs associated with restoring lost or corrupted data from damaged devices, minimising downtime and data loss risks.
Offers protection for equipment that is stolen or damaged due to burglary or acts of vandalism, safeguarding your business assets.
Protects against damage from floods, earthquakes, storms, and other natural events, giving you peace of mind in unpredictable conditions.
Enhance your coverage with optional add-ons such as business interruption insurance or machinery breakdown coverage to further secure your operations.
Businesses with critical electronic infrastructure such as servers, networks, and storage systems need protection against accidental damage and electrical failures.
Organisations with valuable medical equipment, including MRI machines, X-ray systems, and CT scanners, vital to patient care and diagnosis.
Companies that use specialised electronic tools for research, development, and manufacturing processes that require constant protection to avoid costly repairs.
Firms that rely on high-value audio-visual and broadcast equipment essential for producing quality content.
Coverage limits are determined by the value of the insured equipment, ensuring that businesses can receive compensation that reflects the full replacement cost or repair value. Customisable limits are available to suit specific business needs, ensuring adequate protection for both small and large operations.
Adjusting the deductible allows businesses to lower their premium costs. By choosing a higher deductible, companies can balance affordability and coverage, providing flexibility in managing out-of-pocket expenses for claims.
Common exclusions to this policy include: Wear and tear, deterioration over time, or lack of proper maintenance. Damage caused by intentional acts or negligence. Equipment that is still covered under manufacturer warranties or service contracts.
Businesses can tailor their policies with additional coverage options, such as External Data Media (Protection for data storage devices, including costs associated with data recovery) and Business Interruption (Coverage for lost income or extra expenses incurred due to equipment failure, ensuring business continuity).
Electronic Equipment Insurance covers a range of risks, including accidental damage, electrical faults like power surges and short circuits, theft, vandalism, and the costs associated with data recovery and system repairs.
Reach out via our website, phone, or email to connect with our knowledgeable insurance experts. They are ready to delve into your business's unique needs and address any inquiries you may have.
We'll organise a consultation to evaluate your business's physical assets and pinpoint potential risks. During this meeting, we will guide you through various coverage options, limits, and additional protections, such as Business Interruption.
We will use the insights gathered to prepare a personalised insurance quote that matches your business requirements. We'll go over this quote with you, detailing policy specifics, deductibles, and premium choices for complete understanding.
When you decide to proceed, we'll finalise your policy. Our team will assist you through the necessary paperwork, ensuring a seamless and straightforward process.
With your insurance secured, you can manage your business with assurance, knowing your assets are safeguarded against unexpected events. If you need to file a claim or adjust your coverage, our dedicated team at MIR will handle the entire claims process for you, providing support and guidance every step of the way.
