Flint Insurance, Simple
Flint Personal
Car Insurance
Home insurance
Flint Trades
Prestige Car Insurance
High Value Home Insurance
Flint Business
Motor Trade Insurance
HGV insurance
Flint Trades
Flint Trades
Employers Liability
Insurance
Professional Indemnity
Insurance
Customer Satisfaction In 2014 Flint Insurance surveyed existing customers to rate the overall standard of service they received from us, 98% of 3800 people surveyed rated Flint's services as extremely good.
It's nice to know we deliver a premium level of customer satisfaction to our clients, we work hard at Flint to make sure you get the insurance service you require for your everyday needs.
 
Insurance News

Insurance News, brought to you by Flint Insurance

 

10 Reasons for Computer Insurance

Published: 07/12/2017

10 Reasons for Computer Insurance

There are many common misconceptions when considering computer insurance and the following 10 reasons why your business might need it. 

  1. Almost every industry relies on computers.
    A loss, breakdown, data corruption or cyber-attack can have a devastating impact on a business and its reputation. Computer insurance protects equipment and software to help support the day-to-day running of a business
  1. Many businesses rely on their property policy to provide adequate cover
    Contents insurance provided through Property policies only covers insured perils such as fire, flood or theft – not breakdown, or data corruption as a result of a cyber-attack.
  1. Contents insurance may cover damage to hardware, but not software
    Computer cover will provide protection for software and servers from damage, breakdown or corruption
  1. Hacking, viruses and corruption of company data is on the rise
    Recreating data can often be more expensive than a material damage claim. Computer insurance will cover the recreation of data and help prevent damage as a result of a virus.
  1. Technology changes rapidly
    It is important that when equipment is lost, there is an allowance for sourcing modern equivalent equipment. Computer insurance provides new for old cover and will usually pay for a higher performing model where an equal performing equivalent is not available.
  1. The protection provided by maintenance agreements may be limited
    The consequences of damage, such as additional expenditure to get the business back up and running may not be covered by a maintenance agreement.
  1. Rodents and other vermin can cause damage to equipment
    Damage caused by vermin, such as rats chewing through network cables, can often be excluded from a Property policy. Computer cover however is not just limited to traditional risks.
  1. Failure or interruption of power supplies may not be covered by a property policy
    Damage due to power failure or intermittence will be covered by a computer policy, but may not be covered by a property policy.
  1. There are a wide range of other costs to consider following a loss
    Costs such as increased overtime of staff and rental fees for temporary premises can all add up after a loss. Computer cover can protect your business from the additional expenditure it incurs.
  1. Accidents do happen and the results can be catastrophic
    A spilt glass of water or electrical short circuiting can easily happen and lead to unexpected costs and business interruption. Having a computer policy in place will give you peace of mind

And if you're still unconvinced – consider this example of how this type of cover works:

Claims Example

When a client’s server broke down, important data was corrupted. Upon further investigation, it was discovered that the data being backed-up had also become corrupt.

Allianz paid the cost of recompilation and reinstatement of the corrupt data. The cost to reinstate the corrupt data (and the associated increased cost of working) eventually outstripped the cost of the material damage claim and Allianz paid in excess of £40,000.

 

News Archive »

RSS News Feed
To subscribe to our RSS feed click here »

View the complete range of our Commercial Insurance products »

Call me backCall Me Back
To find out more about any Flint Insurance product, or to get a quote: Request a call back » One of our advisors will call you back at a time to suit you.
 
Authorised and regulated by the Financial Services Authority
Goods in Transit Lorry Insurance Fleet Insurance Commercial Insurance Buy to let Insurance Engineering insurance
         
Flint Insurance Sitemap Contact us Insurance News Company Vision Claims Renewals About us