Electronic Equipment insurance
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What is Electronic Equipment insurance?
Electronic Equipment insurance covers the cost to repair or replace specified electronic equipment following a breakdown. You can also choose to insure the additional costs to your business or data restoration expenses caused by a breakdown of electronic equipment.
Rely on computers, tablets, mobile phones, printers and other electronic devises to run your business? They might be worth protecting.
Electronic Equipment insurance offers cover options to help you repair or replace devices, restore data, and cover the increased cost of working.
What does Electronic Equipment insurance cover?
Breakdown
If this option is selected, replace or repair electronic equipment.
Restoration of Electronic Data
If this option is selected, the cost to replace or reconstruct your electronic data and media that has been lost or damaged as a result of a breakdown to electronic equipment.
Increased costs of working
If this option is selected, equipment rentals or other additional costs caused by the breakdown of electronic equipment.
- Storm, wind, water, flood or fire
- Theft or attempted theft
- Consequential loss of any kind or description whatsoever unless your insurance certificate shows that you have taken out cover for ‘Additional increased cost of working’
- Computer viruses
- Replacement of expendable items such as batteries, valves, x-ray and picture tubes, belts, chains, tapes, cards, ribbons, filters, tubes, electric heating elements or electrical contacts
- Damage which is covered under by Building insurance
- Water escaping, discharged or leaking from any source which is external to the electronic equipment insured
- Intentional or malicious damage
- Maintenance work or repairs
- Damage caused by atmospheric conditions, moisture or changes in temperature, unless directly resulting from damage to or malfunction of air conditioning equipment
- Replacement of component parts worn through normal use or operation; unless necessary as part of the rectification of insured damage not otherwise excluded by the policy
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3 industries who purchase Electronic Equipment most:
- Convenience Stores
- Supermarkets
- Butchers
- Markets & Stalls
- Clothing Retailers
- Gift Shops
- Bakers
- Florists
- Cabinet Makers
- Electronic Goods
- Clothing Manufacturing
- Fabricated Metal Products
- Welding Services
- Processed Food
- Candle Manufacturing
- Jewellery Manufacturing
Electronic Equipment is suited to a wide range of industries and occupations in addition to the ones listed above.
How much does Electronic Equipment insurance cost?
Electronic Equipment insurance costs can vary based on the cover options chosen, level of cover and other factors. Every business is unique, and so is the type and cost of its policy.
How is the cost of insurance calculated?
Cover options chosen
Cover level amount
Equipment covered
Claims history
Get cover that works with the risks of your business
You can select different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Types of electronic equipment you use
Cost of replacing or repairing damaged equipment
Worst case scenario claim size
Click here to check industry wise average prices
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How is the cost of insurance calculated?
Cover options chosen
Cover level amount
Equipment covered
Claims history
Get cover that works with the risks of your business
You can select different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Types of electronic equipment you use
Cost of replacing or repairing damaged equipment
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
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^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Breakdown is an optional cover available with Electronic Equipment insurance. If selected, an insurer will generally pay the cost of replacement or repairs necessary to return the electronic equipment to its former state of operation, including:
- The cost of dismantling and reconstruction of electronic equipment;
- Removal of debris
- The cost of temporary repairs and/or hire of a replacement item during the time taken to repair damage to any insured item
Restoration of Electronic Data is an optional cover with Electronic Equipment insurance. If selected, an insurer will generally cover the cost to replace or reconstruct your electronic data and media that has been lost or damaged as a result of a breakdown to electronic equipment.
Additional Cost of Working is an optional cover with Electronic Equipment insurance. If selected, an insurer will generally cover the additional costs incurred by you to prevent a reduction in your turnover as a result of an electronic equipment breakdown.
Insurers may expect you to take certain precautions with your electronic equipment before they will approve a claim. You will generally have a responsibility to:
- Take all reasonable steps to minimise the extent of the loss
- Preserve any damaged or defective electronic equipment and/or electronic data and make them available to the insurer for inspection
Real-life customer reviews verified by Feefo