Norwest NSW
Electronic Equipment Insurance
Most businesses run on electronics. Point-of-sale systems, laptops, servers, cameras, scanners, medical devices, audio and lighting. When one fails or goes missing, work stops.
Electronic equipment insurance is made for this kind of gear. It often goes further than standard contents cover, especially for breakdown and portable items.
What it can cover
- Accidental damage, such as drops and spills
- Theft, including from vehicles, depending on conditions
- Power surge and electrical breakdown
- Fire and water damage
- Data restoration costs, in some policies
- Portable items used off site
What it usually doesn't cover
- Wear and tear
- Software faults
- Items under manufacturer warranty, for breakdown
- Items left unattended in a vehicle, in some policies
Case study
An example
A photographer's camera and two lenses are damaged when a bag is knocked off a table at an event. The equipment is worth over $9,000. With electronic equipment cover that includes portable items, the repair or replacement can be claimed, less the excess. Under standard contents cover, the claim would likely have been refused because the gear was away from the premises.
Illustrative example only. Cover depends on your policy wording.
Contact us
To get the right cover, tell us:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Electronic equipment insurance FAQs
Contents cover usually protects equipment at your premises against listed events. Electronic equipment cover often adds breakdown and cover away from site.
Only if portable cover is included. Tell us if staff work remotely.
Many policies do, once the manufacturer's warranty runs out. We'll check what's in yours.
Sometimes the cost of restoring it. The data's value itself usually isn't. Cyber cover may be a better fit.