Electronics Insurance To Keep Your Business Powered
We know that working with technology and creating products puts electronics businesses at risk. That’s why we offer electronics insurance that can help you run a successful business.
What Is Covered Under Electronic Equipment Insurance?
Electronic equipment insurance coverage helps protect your business from common risks and claims that can come up during normal operations. This type of business insurance can help protect:
- Consumer products, like digital cameras or laptops
- Communications equipment
- Computer parts
- Technological or electronics components
Who Needs Electronics Equipment Insurance?
- Technology product manufacturers
- Electronic device manufacturers
- Technology components manufacturers
- Electronics stores
- Cell phone stores
- Cell phone distributors
- Technology product research and development
- Office equipment and supply stores
- Computer stores
Electronics Business Owner’s Policy
Many businesses get a Business Owner’s Policy (BOP) as a foundation for their electronics device insurance. It combines three essential types of coverage to help protect your electronics business from different claims. A BOP includes:
General Liability Insurance
General liability insurance helps cover claims that your electronics business caused bodily injury or property damage to someone else.
Commercial Property Insurance
Commercial property insurance can help protect the owned or rented building, equipment, and tools you use to operate your electronics business. This includes:
- Computers
- Inventory
- Tablets
- Cell phones
- Parts
- Wires
- Software
Business Income Insurance
Business income insurance helps replace your electronics business’ lost income if you can’t operate because of covered property damage.
Protect Your Electronic Property
You rely on your electronic property to help run a successful business. If there’s a theft or accidental damage, having electronics insurance is important to help cover costs to repair or replace property.
Cracked Screens
If someone breaks into your computer store and damages monitors, commercial property insurance can help cover the costs to repair or replace the damaged tools, equipment, and inventory.
Water Damage
If a pipe bursts and damages your store’s inventory, business income insurance can help replace your lost income if you can’t operate because of covered property loss or damage.
Cover the Operations of Your Electronics Firm
Running an electronics business means you face unique risks. Adding the right type of electronics insurance to your protection plan can help you run a successful business.
Customer Injury
If a client trips on an extension cord in your store and hurts their back, general liability insurance can help cover the person’s medical bills.
Electronic Data Breach
If your payment system gets hacked and the hacker steals your customers’ banking information, data breach insurance can help you respond to a breach. Some insurers call this cyber liability insurance.
Take Care of Your Electronics Professionals
Your workers are an integral part of your electronics business success. If they get hurt or sick from their job, electronics insurance can help them recover and return to work.
Employee Injury
If one of your managers cuts their finger while running a machine in your manufacturing plant, workers’ compensation insurance gives your workers benefits to help them recover from a work-related injury or illness.
Car Accident
If your delivery driver crashes the company van while on the way to a customer’s house, commercial auto insurance can help protect your employees on the road if they use company-owned vehicles for business.
Easily Customizable Electronics Insurance for Your Business
Not all electronics insurance companies are the same. We’re an experienced insurance company that knows every electronics business has unique needs. It’s why we offer business insurance coverage that’s easily customizable. Our specialists are here to help you get the right coverage for your business. If you need help with a claim, you’ll want to partner with an insurer with great customer service so you know that if the unexpected happens, we’ve got your back.
