Computers and electronic equipment are important assets for most office-based businesses.

They can often be insured as part of the office contents.

What equipment can be included? #

Depending on the policy:

• Desktop computers.
• Monitors.
• Printers.
• Servers.
• Networking equipment.
• Telephones.
• Office electronics.
• Other business equipment.

The business should ensure the contents sum insured adequately reflects replacement costs.

Are laptops covered outside the office? #

Not automatically.

A laptop taken:

• Home.
• To client meetings.
• Interstate.
• Overseas.

may require Portable Items or another appropriate extension.

What about electronic breakdown? #

Standard contents insurance generally focuses on insured physical damage.

Electronic or machinery breakdown cover may be required for certain internal electrical or electronic failures.

Does Office Insurance cover data stored on the computer? #

Do not assume so.

The value of the physical computer is different from losses involving:

• Data.
• Cyber incidents.
• Privacy breaches.
• Ransomware.
• Business interruption caused by a cyber event.

Cyber Insurance should be considered separately.

How should equipment values be calculated? #

Consider the current replacement cost of office equipment rather than relying solely on depreciated accounting values.

Also review values when:

• New equipment is purchased.
• The office expands.
• Computers are replaced.
• Major technology upgrades occur.