Add business equipment cover to your business insurance

If you use valuable equipment for your work, chances are it is vital to the operation of your business. Taking out insurance to cover your business equipment means you’ll have peace of mind that if it is damaged or stolen, you’ll have the finance to replace it with minimal disruption to your business.

What does business equipment insurance cover?

Business equipment insurance will cover the equipment and tools you use for your business against damage, loss, destruction or theft. Firms that have to leave equipment on work sites are particularly vulnerable to theft and vandalism, so it is reassuring to know that equipment under these circumstances could be replaced and paid for by your insurer.

You can also get cover for your tools and equipment of up to £10,000 with Simply Business.

Details to look out for

• Check the exclusions on the policy documents. For example, your equipment may only be insured on a site if there is a certain level of security
• Don’t underestimate the value of your equipment
• You can only buy equipment cover as an add-on to a business insurance policy