Business Equipment Insurance Add-On
Business Equipment Insurance for contractors
Don’t let equipment loss or damage stop you in your tracks. Business Equipment Insurance can offer up to £10k of cover for business-essential kit, so you can get back on task quicker.
Available as an add-on with our standard Contractor Insurance.
What is Business Equipment Insurance?
Business Equipment Insurance helps protect the tech that keeps your business moving, from laptops to cameras and specialist devices.
If your equipment is lost, stolen or damaged, cover can help with repair or replacement costs. This can be a life saver for many self-employed contractors, giving you peace of mind you can replace essential equipment and get back to work with minimal disruption.
What can Business Equipment Insurance cover?
From cracked screens to stolen devices, our Business Equipment Insurance add-on can help cover a range of risks that could leave you out of pocket.
It can cover the cost to repair or replace devices for their current replacement value (up to £10,000) in the event of:
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Accidental damage
Accidental damage
From accidental coffee spills to serious events like fires or floods, equipment insurance can cover the cost of repairs to essential business equipment.
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Loss
Loss
If your equipment is lost while you’re working, commuting or travelling, cover can help you replace it and get back to business with minimal disruption.
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Theft
Theft
If your business equipment is stolen, cover can help with the cost of replacing essential devices (subject to security conditions).
What equipment is covered?
Business Equipment Insurance is designed to cover devices that are owned by or hired to you in relation to your business.
Insurable equipment examples include:
- Portable devices e.g. mobile phones and tablets
- Computers e.g. PCs and laptops
- Specialist equipment e.g. cameras, graphics tablets, surveying devices
- Hired equipment you’re responsible for e.g. presentation setups or short-term production gear
Can’t see your device listed? Get in touch – our team can help check your cover options.
What equipment insurance doesn’t cover
While business equipment insurance can provide valuable financial protection, it’s just as important to understand what’s not covered before you take out a policy.
- Non-equipment business assets e.g. licenses, buildings, motor vehicles, data or other electronic information
- Trade tools e.g. power tools, machinery or other plant equipment
- Damage caused by environmental conditions e.g. damp, infestation, corrosion
- Wear and tear from everyday use
- Damage from maintenance e.g. cleaning, restoration or repairs
Why choose Kingsbridge insurance?
When your work depends on technology, having the right cover in place matters. Here’s why thousands of contractors trust us to protect their essential business equipment.
- Insurance specialists – We’re experts in business insurance for limited company contractors, freelance professionals, and sole traders.
- Quick quotes – You can get a quote in a matter of minutes online or by calling our team on 01242 808 740.
- Instant access to policy documents – Get instant access to policy documents after purchase.
- Multiple covers available in one package – Get Business Equipment Insurance as an add-on to our Contractor Insurance, alongside core business insurance policies like Public Liability Insurance and Professional Indemnity Insurance.
- A-Rated – All Kingsbridge insurance policies are underwritten by A-rated insurers.
- No hidden fees or charges
Business Equipment Insurance FAQs
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How much does business equipment insurance cost?
The cost of Business Equipment Insurance depends on the type of equipment you want to cover, its value, and the level of protection you need. Whether you’re insuring a single laptop or several devices against loss, theft and accidental damage, premiums will be tailored to your circumstances.
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Can insurance cover my portable business equipment?
Yes, Business Equipment Insurance can include cover for portable business equipment like mobile phones and laptops. As long as the equipment meets policy requirements and isn’t excluded, it can be protected if it’s lost, stolen or accidentally damaged.
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Can it cover my trade tools?
Usually no, business equipment cover won’t insure trade tools like drills and saws. Our own Business Equipment Insurance covers portable equipment like mobile phones and cameras as well as specialist devices like graphics tablets and audio visual kit.
Equipment like power tools and plant machinery can be covered by Trade Business Insurance policies like Goods and Tools cover and Plant Insurance.
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Is rental equipment covered?
Yes. Business Equipment Insurance can cover equipment that’s hired to you, providing you’re responsible for it. This means if rented equipment is damaged or stolen while in your care, you may be covered for the cost of repairing or replacing it, subject to policy terms and conditions.
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Who is Business Equipment Insurance for?
Business equipment insurance is designed for contractors, freelancers and self-employed professionals who rely on technology to do their work. It can be a good fit for:
- IT contractors working from home, client sites or while travelling
- Management consultants who rely on laptops and mobile devices
- Graphic designers and illustrators using drawing tablets and specialist equipment
- Photographers and videographers carrying cameras and accessories
- Marketing, PR and communications consultants working remotely or on the move
- Project manager and engineers using laptops, tablets and project equipment
- Business consultants and freelancers whose work depends on valuable tech
This list isn’t exhaustive, so if you want to check if we can insure your profession, get in touch and we’ll check whether you’re eligible for cover.
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How can I buy Business Equipment Insurance?
Business Equipment Insurance is available as an optional add-on with our standard business insurance package for contractors.
That means you can get core cover like Public Liability Insurance, Professional Indemnity and Employers’ Liability (if required) as well as other protection like Legal Expenses cover and Cyber Liability all under one policy package.
