Broker launches new computer product

Bolton-based wholesale broker UKFacilities has launched a new product for computer equipment insurance, in partnership with Norwich Union.

The broker says the new product comes in response to the increasing reliance of companies on IT and is aimed at all sizes of business.

It added that the product is a "simple approach to providing comprehensive protection for a company’s computer equipment and operational needs, and includes portable equipment such as laptops and PDAs."

It covers computer equipment up to £1,500,000, portable equipment up to £100,000, increased cost of working and reinstatement of data up to £250,000 each. Cover is all risks/breakdown and includes full theft, virus and hacking. Terrorism cover is also available

UKFacility’s managing director Albert Robinson believes the failure of computer equipment and/or the loss of data could have a very costly effect on any size of business due to the importance of electronic systems in day to day trading.