Tools insurance will cover tools of trade such as a hammers, spanners and other portable power tools. Business equipment covers portable electronic equipment, computer equipment, and other office equipment and contents.
Business Equipment Insurance for Small Businesses
If you have any vital business equipment you use for your work every day, business equipment insurance can cover the cost should you need to replace it. It can even provide cover if your equipment is lost, damaged or stolen.
Key Features and Benefits
- Single, flexible policy — tailor-made to suit your requirements.
- Expert advice to explain the finer details of your cover.
- Receive a lump sum to replace your equipment.
- No mid-term amendment fees should you need to make a change to your policy.
- On-hand support throughout the life of your policy via your dedicated adviser.
- Access to a 24-hour legal helpline.
- Flexible payment options including direct debit.
- Access to documents anytime, anywhere via our secure portal.
Get insurance for business equipment now
Join thousands of other smart business owners today.
What is Business Equipment Cover?
Business equipment insurance can cover replacement costs for specialist equipment you use in your day-to-day work.
What Does our Business Equipment Insurance Cover?
- Electrical equipment.
- Portable tools and equipment.
- Portable machinery.
- Loss, damage or theft on premises and offsite.
- Business equipment such as mobile phones, tablets, laptops and computers.
- Owned plant.
- Hired-in plant.
- The cost of replacing lost, stolen or damaged business equipment.
Business equipment insurance can protect you against:
- Fire.
- Theft.
- Flood.
- Malicious damage.
- Accidental damage.
What is Not Covered?
- Damage caused by general wear and tear.
- If you have opted to include theft from a vehicle overnight as part of your policy, it will only cover you if items are concealed and out of sight, the keys have been removed from the vehicle, all manufacturer’s security devices have been put to use, and any unattached trailers have anti-hitching devices in place.
- Storm damage, malicious damage or theft from a soft-topped, open-topped or open-sided vehicle.
- Damage caused by theft or attempted theft if there are no visible signs of entry to the building, where the building can’t be locked. Further minimum security conditions and/or unoccupied premises exclusions may apply depending upon individual insurers policy terms, please speak to one of our advisers to discuss further.
- Mechanical or electrical breakdown.
- Faulty or defective design, materials or workmanship.
- Damage caused by pollution or contamination.
- Damage to property whilst undergoing any process of production, packing, treatment, testing, commissioning, servicing or repair.
- Acts of fraud or dishonesty.
- Acts of terrorism.
Public liability insurance
Business equipment insurance covers the cost to replace the equipment you use, but it won't cover you if a member of the public is injured by your equipment. Public liability insurance cover will help protect your business against damage and the cost of legal claims people may make against you.
Product liability insurance
Product liability insurance covers the products you make in your business or products you supply to your customers, rather than the equipment you use to make them.
* Please click here to view our pricing disclaimer.
Unsure as to whether you need business equipment insurance?
Call us or get in touch online to discuss what kind of cover you need, our friendly team is always happy to help.
Business Equipment Insurance FAQs
A
A
That really just depends if you think your business could survive without your equipment? If it can’t, you should consider protection to get you back up and running as soon as possible.
A
The cost of equipment insurance will depend on the level of cover you need and the type of tools and equipment you want to protect. We’ll arrange a policy tailored to your specific requirements.
A
Employers liability insurance, product and public liability insurance, professional indemnity insurance, personal accident and business interruption are often considered some of the most important covers for small business owners.
A
Yes, it’s a good idea to keep a copy of any receipts from equipment you purchase, along with photographs of the tools and equipment. These will come in really handy if you find yourself having to make a claim.
A
Yes, we cover mobile phones, tablets, laptops and computers.
A
Most of the insurers on our panel offer cover for up to £500 for personal items that you own and use for business as long as you don’t already have them insured separately.
Read our Latest Related Articles
Quotes from well-known and specialist insurers, including:
You Could Save Over 30%*