Electronic equipment insurance is a specialized policy designed to protect businesses from the financial impact of equipment breakdowns or damage. This coverage is particularly crucial for companies that rely heavily on technology, including computers, servers, medical devices, and other essential electronic systems.
What Electronic Equipment Insurance Covers
Electronic equipment insurance provides financial protection for the technology and systems your business relies on every day. It covers sudden breakdowns, electrical or mechanical failures, and data loss, helping you recover quickly and keep operations running with minimal disruption.
Equipment Breakdown
Covers repair or replacement costs for devices that experience sudden mechanical or electrical failure while in use.
Applies to items such as laptops, tablets, printers, scanners, audiovisual equipment, and diagnostic tools.
Data Restoration
Covers the costs associated with recovering lost electronic data due to equipment failure.
This includes both data restoration and media recovery.
Increased Cost of Working
Reimburses expenses for temporary equipment or rentals needed to maintain business operations during downtime.
Common Exclusions
Damage from fire, flood, theft, or storms (covered under property insurance).
Wear and tear, gradual deterioration, or lack of maintenance.
Intentional damage, computer viruses, and damage from external events.
Wear and tear, gradual deterioration, or lack of maintenance.
Ideal for
Medical & Dental Practices: Dependent on diagnostic and treatment equipment.
Retailers & Hospitality Businesses: Rely on point-of-sale systems, barcode scanners, and booking software.
Offices & Tech Firms: Depend on servers, laptops, and communication systems.
Warehouses & Logistics Providers: Use automated machinery and tracking systems.
Any Business with Critical Electronic Infrastructure: If downtime can result in revenue loss or damage to your reputation, this insurance is invaluable.
Cover at a glance
Protection for computers, servers, medical devices, and essential business electronics
Covers sudden mechanical or electrical breakdowns
Includes data restoration and media recovery costs
Reimburses temporary equipment hire or increased operating expenses
Optional extensions for stock deterioration and expedited repairs
Flexible limits and add-ons tailored to your equipment and operations
Additional Coverage Options
Deterioration of Stock: Essential for businesses in the food and beverage industry, covering spoilage due to refrigeration or cooling system failure.
Expediting Expenses: Covers the cost of expedited repairs, temporary equipment rentals, or professional services to minimize downtime.
What’s Not Covered
Gradual wear and tear, corrosion, rust, or damage from external events (covered under property insurance).
Who needs it?
Any business that depends on technology or electronic systems should consider this cover. It helps protect against equipment failure, data loss, and costly downtime.
Manufacturers & Processors
Rely on complex machinery such as conveyor belts, bottling lines, or heating and cooling systems.
Food & Beverage Businesses
Rely on refrigeration and processing equipment.
Medical & Dental Practices
Depend on diagnostic and treatment machines.
Commercial Buildings & Strata Schemes
With critical infrastructure like lifts, water pumps, HVAC, and fire detection systems.
Any Business Where Downtime = Lost Revenue
If your operations are dependent on electronic systems or machinery, this coverage ensures quick recovery.
Minimise downtime, maximise confidence.
Even a brief disruption can lead to lost revenue, damaged reputation, and costly repairs. Electronic equipment insurance helps businesses mitigate these risks and return to normal operations quickly.
