Business equipment insurance Business equipment insurance

Covers portable equipment from essentials like phones and laptops to tattoo guns and PDAs — maybe even the drone that’s helping you find the Merchant Royal's buried treasure.

Be quote confident. We'll beat the price of any like-for-like quote. T&Cs apply.

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What does business equipment insurance cover?

From everyday essentials to specialist kit, all the equipment you need to perform your job could be protected.

Our specialist business equipment insurance gives you peace of mind, knowing the items you rely on are covered.

  • Equipment-only insurance with no obligation for further cover
  • Protects against damage, loss or theft of your equipment
  • Instant policy documents
  • Tweak your policy anytime, without fees
  • Hassle-free claims, UK based support

Is your business raising and scaling?

Our specialist brokers provide custom cover for high-growth tech companies with complex risks — from web3, fintech, medtech, blockchain, VC firms, SaaS and more — whether you're at seed stage or IPO ready.

Find out more

Be quote confident

We're big on fairness. So if you find a lower price for a comparable quote, we won't just match it — we'll go one better and beat it.

So even better than apples to apples, apples to better apples. We're talking Galas to Braeburns.

As you'd expect, T&Cs apply.

Why would I need business equipment cover?

1

To quickly repair or replace your items

In many professions, any downtime without your specialist items of equipment can have a knock-on effect on your ability to do business. Standalone business equipment cover can quickly repair or replace items that are broken, misplaced or stolen so you can get on with the task at hand.

2

To protect your vital equipment against theft

Unfortunately, criminals know that portable business equipment often carries significant value and they target business professionals for their electronic devices and more. Business equipment cover is built to guard against losses sustained when your items are forcibly and violently targeted by thieves.

3

To avoid having to take out unwanted additional insurance

Some insurers only offer business equipment cover as part of a policy that includes other covers, such as public liability. Superscript's equipment-only cover is standalone, meaning you aren't tied to taking out additional cover you don't want or need.

What is covered by business equipment insurance?

Damage

If your electronic devices and specialist equipment are damaged, it can have a knock-on effect on your work schedule. Business equipment insurance is designed to cover you for accidental or malicious damage to your business' equipment, including as a result of flooding and fire, in the office or out and about.

Loss

In the world of business, time equals money. If you, or anyone in your business, has irretrievably misplaced a piece of company equipment, then your policy could cover the cost of the missing item.

Theft

For businesses that use high value equipment, especially computers and phones, the possibility of theft is always apparent. If you are the victim of a crime in which your business' equipment is forcibly and violently stolen, your policy could cover the cost of replacing the affected items.

Once you've completed a quote, you'll be able to view a summary of cover. Please always refer to your policy documents for full details around exclusions, terms and limits of your customised cover. Read our guide to understanding your policy documents.

We offer business equipment insurance to over 250 professions

From project managers to interior designers, medical consultants to estate agents, we offer business equipment insurance, with no obligation to take out other insurance products — to a wide range of professions.

Any profession that uses portable equipment, including company laptops and phones, might benefit from standalone business equipment cover. Here are a few examples of the professions that we insure:

  • Management consultancy
  • Property management
  • Financial services
  • Recruitment consultancy
  • Legal services
  • Accountancy

To check if we can offer standalone business equipment cover for your profession, simply click 'Start your quote'.

How do claims work?

1

You make a claim

Log in to your online account and go to the ‘Make a claim’ section. There, you can make a claim directly — there's no need to call us.

We'll ask you for some details about your claim, including a crime reference number (if applicable), the date of loss, type of claim and its detailed description.

You can also attach any relevant supporting documentation like proof of loss or proof of purchase.

2

We'll get on the case

Once submitted, your claim will be assessed.

If the claim is large, you may have to provide further information. For smaller claims, you may be able to proceed without further information.

Either way, we'll keep you regularly updated and you'll be able to see the status of your claim on our customer portal.

3

Your claim is settled

After it's been assessed, we'll let you know if your claim has been successful or not.

If items have been lost, stolen or damaged, we might arrange for the items to be replaced or make a payment to you.

Business equipment insurance claims

There are many different situations and events that could lead to a claim under your business equipment insurance policy. Here are a few examples of potential claim scenarios:

Drone breaks during video shoot

Your media production company is shooting a new video and, while on location, your drone is badly damaged. A business equipment insurance policy covers the cost of replacing the damaged item.

Laptop is lost on a business trip

During a business trip, an employee misplaces a company laptop while out and about at a conference and the item is not retrieved. Your policy covers the cost of replacing the item.

Phone is stolen from your hand

You're walking down the street talking to a colleague on your work mobile and a thief forcibly steals it from your hand. A business equipment policy covers the cost of replacing the stolen item.

Business equipment insurance FAQs

Do I have to keep my equipment locked away to qualify for cover?

It depends on the policy you take out. Some policies will stipulate that equipment must be secured in a locked building, room, cabinet, drawer, trailer or vehicle.

Or that the item is fixed by a suitable locking device and access must be gained by forcible and violent means. When not locked away, the item must be being carried by you or your partners, principals, directors or employees, or within their line of sight.

Other policies may only require there to be forcible entry or exit. Please ensure you check your policy documents for full details.

Is my equipment covered if left in a vehicle overnight?

You can choose to cover your equipment for overnight vehicle storage for a small additional premium, providing the vehicle is securely locked.

How much does business equipment insurance cost?

The cost fo your business equipment insurance will vary according to the cover your profession needs and the value of the equipment that your business uses.

What is the excess on this policy?

The excess for this policy is £250.

Will my insurance replace my lost equipment with brand new items?

For items of business equipment that are lost, stolen or destroyed and which cannot be recovered or found, we will cover you for an amount equal to the replacement value of the item at the date of the loss, subject to a suitable deduction for wear and tear.

Alternatively, we may replace your item (or items) with a refurbished item that is in comparable condition and meets similar specifications, provided that it’s covered by a 12-month warranty.

For equipment that is damaged in any other way, we'll cover you for a sufficient amount to repair the damaged item(s) or replace or reinstate the damaged item(s) or the parts that have been damaged.

Do I need any other insurance to qualify for business equipment cover?

While equipment cover is often included in other professional insurance products, the beauty of our equipment-only insurance is that you can cover your business' vital equipment without being obligated to take out any other insurance products.

Will my business equipment insurance payout include VAT?

If your business is entitled to claim VAT on the replacement item then the claim will be settled excluding VAT.

Where is my equipment covered?

The policy covers tools belonging to, borrowed or leased by you or your employees, which are used for your business anywhere within:

  • Great Britain
  • Northern Ireland
  • The Channel Islands
  • The Isle of Man
  • Temporarily anywhere in the world

Why choose Superscript?

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Cover for over 1,000 types of business

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Five-star customer service and claims support

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Flexibility to adjust your policy without fees

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Authorised by the FCA

The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.

A-rated financial strength

Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).

Protected by the FSCS

If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk.