{"id":23198,"date":"2023-03-07T16:51:29","date_gmt":"2023-03-07T16:51:29","guid":{"rendered":"https:\/\/www.policybee.co.uk\/blog\/?p=23198"},"modified":"2024-06-05T16:37:38","modified_gmt":"2024-06-05T15:37:38","slug":"business-gadget-insurance-guide","status":"publish","type":"post","link":"https:\/\/www.policybee.co.uk\/blog\/business-gadget-insurance-guide","title":{"rendered":"A guide to insuring your business gadgets, laptops, and phones"},"content":{"rendered":"\n

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\"A<\/figure>\n<\/div>\n\n\n

Like most businesses in the UK, yours probably relies on gadgets.<\/p>\n\n\n\n

Laptops, phones, computers, printers. All these modern technologies have become necessities for day-to-day work.<\/p>\n\n\n\n

94% of small businesses rely on this kind of tech to be efficient<\/a>. And the larger your business, the more technology and gadgets you need to manage it.<\/p>\n\n\n\n

But what happens when they break? Or they\u2019re lost? Or stolen?<\/p>\n\n\n\n

A broken laptop or a lost phone can leave you in the lurch. And the costs to replace them have never been higher.<\/p>\n\n\n\n

One thing\u2019s for sure: problems will happen at some point.<\/p>\n\n\n\n

The right business gadget insurance can prevent a problem from becoming a disaster.<\/p>\n\n\n\n

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Who needs insurance to protect their business\u2019s gadgets and tech?<\/h2>\n\n\n\n

Damaging or losing a gadget is worryingly easy to do. There\u2019s a reason why it\u2019s one of the most common types of claim we get.<\/p>\n\n\n\n

Any business that relies on them would benefit from insurance. It doesn\u2019t matter if you\u2019re an estate agent moving from site to site with a phone and tablet, or an online retailer operating a number of high-spec laptops.<\/p>\n\n\n\n

The reality is that even the smallest businesses use gadgets every day. And even though they might not need as much cover as larger businesses with more employees and kit, it\u2019s important to remember that accidents happen. As do burglaries and theft.<\/p>\n\n\n\n

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No tech, no trade? <\/h2>\n\n\n\n

Not being insured can open you up to tough situations. Like an employee leaving their laptop on a train and being unable to access crucial client data. Or dropping their phone, losing their lifeline for communicating with their customers.<\/p>\n\n\n\n

You also need to think about the cost of replacing gadgets and tech. A basic laptop might not cost too much. But a top-of-the-range iMac or some portable AV equipment might cause some serious damage to your budget.<\/p>\n\n\n\n

Especially given how inflation and the post-covid chip shortage have affected the price of electronics. Whilst chip prices are slowly coming down, they are still almost 10% higher than they were in 2020<\/a>. Making replacing computers and laptops pricey.<\/p>\n\n\n\n

Business gadget insurance protects you from the cost of damaged, broken, or stolen gadgets and tech by paying to repair or replace them. So you\u2019ll be able to get back up and running quickly.<\/p>\n\n\n\n

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What insurance do I need to protect my business\u2019s gadgets and tech?<\/h2>\n\n\n\n

The type of insurance you need depends on what kind of gadgets and tech you want to insure.<\/p>\n\n\n\n

And whether you take them out and about with you. Like to a client meeting or a conference.<\/p>\n\n\n\n

Here\u2019s a quick summary of the insurance you might need:<\/p>\n\n\n\n