The use of electronic devices has become indispensable for the smooth operation of everyday tasks up to entire company areas.
Electronics insurance covers a wide range of damage to electrical devices and systems. It can be found in the area of technical insurance. If electronic damage occurs in information and communication technology, the insured is protected.
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Why is e-insurance useful?
Competitiveness can be guaranteed in the long term by taking out electronic insurance. After all, the failure of certain devices can lead to high financial losses.
In addition, fall at a electrical damage sometimes high replacement and repair costs. Those who take out e-insurance for their company benefit from the fact that they receive replacements for defective devices quickly and economically.
This makes it possible to effectively reduce financial losses and make daily business run smoothly. Devices that are important to the company and its core business can suddenly go through Short circuit and operational errors fail.
As a result, companies, the self-employed and freelancers are quickly losing their competitiveness. Electronics insurance is one of the most important forms of protection.
In which areas is e-insurance particularly useful?
The most well-known commercial sectors include IT companies, medical technology and the media industry. As a rule, the area of application is specified in the respective insurance policy, also known as the insurance location.
This scope means that all devices and systems that are permanently used and movable at the specified location are also insured.
It's also important to know that many electronic product insurance policies come with additional third-party insurance. Not only electronic devices are contractually insured, but also mobile technology.
What risks does e-insurance cover?
E-insurance forms the basis for electronic insurance benefits. This stipulates that all risks are borne in the event of damage, unless the contract expressly contains exclusions.
This includes damage caused by fire, theft, vandalism, Water damage and other damage as well as force majeure such as flooding. Electronic devices are actually also protected by classic contents insurance.
However, very expensive systems require additional protection. In particular, incorrect treatment can also be guaranteed in the corresponding insurance policy. The scope of e-insurance is wider, avoiding double insurance.
Electronics insurance also covers damage caused by human error, such as operational errors, negligence and clumsiness.
What risks are excluded in e-insurance?
When taking out electrical equipment insurance, you must take into account that not all risks can be covered in the insurance policy.
For example, this type of insurance policy does not cover damage caused by the intention of the policyholder or one of his employees. Wear and tear or the aging of the devices are also not included in the electronic insurance.
What areas does e-insurance cover?
Different insurance companies have different insurance costs. This is because their priorities are set independently. When determining the cost of commercial e-insurance, numerous aspects are crucial.
The amount of insurance also depends on the new value of the insured equipment. This means that the necessary repair costs will be borne or the equipment will be replaced in the event of damage.
Additional cost insurance due to technological progress as well as cleaning and dismantling costs are also possible. An important component are also costs for the exchange or reconstruction of data and programs.
How is the insurance premium calculated?
Each tariff should be adapted to personal needs. There are many factors to consider. Therefore, it makes sense to compare when looking for insurance. First, a detailed risk analysis should be carried out so that future insurance gaps can be closed.
It is also important to determine the various extensions required compared to the standard strategy. This is the only way to optimize the required insurance cover.
When determining insurance needs, the electronic devices and systems to be insured must be considered as the most important factors.
However, it is also possible to take out a general insurance policy that covers all electronic products of the company. An alternative is to create a contract that specifies a separate insurance amount for each individual device.