Insurer to enter specialist markets
Aviva is introducing specialist electronic equipment cover in a number of new markets.
Businesses will be able to protect against the many risks that the use of specialist electronic equipment brings within a multitude of markets including telecommunications, media, health, leisure, motor and construction.
The cover, which excludes computer equipment for which a separate cover is available, provides protection against the loss, or damage, to any electronic equipment that performs processes, monitoring or control functions, or audio or visual activities. This could include recording, storing and broadcasting equipment, general office equipment, manufacturing control or monitoring equipment, security systems or medical scanning and diagnostic equipment.
Gary Thom, senior engineering underwriter for Aviva, said: “With continuous advancements in technology, we have introduced a bespoke electronics product to provide specialist markets with robust insurance cover for complex electronic equipment.”
“Electronic equipment can be covered under ‘Machinery’ or ‘Contents’ sum insured on a standard ‘Fire and Perils’ or ‘All Risks’ policy but, when it comes to technical products a business could lose out in the event of a claim if it failed to have adequate cover that fully met its requirements.”
