Insurance for technical equipment – For who and what?

Do you have a large capital of technical equipment? Having dedicated insurance is a wise choice for all businesses wanting to avoid surprises on their budget.

Choosing insurance for technical equipment is difficult, in this page we cover the basics to know about it. If you have any questions or doubts, our advisors will be able to help you with your efforts! Insurance for technical equipment is part of the list of business insurance.

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The benefits of insurance for technical equipment

At Finwise Insurance, we understand the complexity and crucial value of your technical equipment. This is why we advise you transparently on dedicated insurance, which guarantees comprehensive and customizable coverage, precisely meeting your requirements.

External damage

Accidents, shocks, falls, or any other form of physical damage

Handling errors

Human errors leading to damage or malfunctions.

Electronic and mechanical damage

Machine breakdown, failure of electronic or mechanical systems.

Extended coverage

Includes machines, electronic devices, and essential data.

Customization options

Ability to adjust coverage to suit your specific needs, providing maximum flexibility.

This insurance is not to be confused withconstruction works insurance which protects companies on construction sites.

The advantages

Insurance for technical equipment offers comprehensive and reassuring protection. It includes comprehensive coverage for handling or judgment errors, ensuring safety against human hazards. Additionally, it protects against theft, providing security even in unforeseen situations. Damage occurring during transport is also covered, as is damage caused by water and humidity, ensuring the safety of your equipment in various conditions. This insurance also covers overloads and accidental damage, providing complete peace of mind.

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Additional insurance for technical equipment

Additional insurance options for technical equipment offer enhanced protection.

L'insurance against business interruption is essential in the event of business interruption due to damage to your equipment, covering loss of income and additional costs necessary to keep your business operational.

The additional fee option covers unforeseen damage-related expenses, such as clearance, salvage, temporary repairs, or the purchase/rental of replacement machinery, thereby ensuring business continuity and minimizing disruption.

Practical cases: concrete examples of the usefulness of technical equipment insurance

Practical cases where technical equipment insurance is useful:

Server incident: A short circuit seriously damages a company's critical server. Insurance covers repair and rapid replacement costs, minimizing disruption to business operations.
Construction accident: Heavy equipment is accidentally damaged on a construction site. The insurance reimburses the repair costs, allowing the work to be resumed quickly without major financial losses.
Damage by bad weather: A production studio suffers damage to its audiovisual equipment due to flooding. Insurance covers replacement costs for damaged equipment, avoiding costly delays in production.

Of course, this list is non-exhaustive!

FAQ: Technical insurance

What types of damage are covered by technical insurance?
Technical insurance covers a wide range of damages, including damage due to external events, handling errors, electronic and mechanical damage, as well as transport and water damage.
What options are available with technical insurance?
In addition to standard coverage, technical insurance offers options such as business interruption insurance and additional costs related to equipment damage.
What are the specificities of technical insurance compared to other insurances?
This insurance stands out for its ability to cover a wide range of technologies and equipment, providing comprehensive coverage in the event of error, overload, theft, and water-related damage.
CHow does technical insurance help in the event of a breakdown or damage?
It covers the costs of repairs, data restoration, and rental or purchase of devices to enable a rapid resumption of activities.
What are the reimbursement conditions offered by technical insurance?
Insurance generally offers replacement cost reimbursement for technical equipment less than 3 years old.