A breakdown of your business’s electronic equipment can take a toll on your finances & disrupt the smooth running of the company. Outrisk Insurance is here to help you keep peace of mind at all times by protecting the viability of your business against material and computer damage.
What is Electronic Equipment Insurance (EEI)?
What is Electronic Equipment Insurance (EEI)?
Is your business operation reliant on electronic equipment, such as computers?
Then a breakdown of the specialist electronic equipment you own or hire can result in:
- Sudden business interruption
- Data and media loss
- Reduction in your turnover
But does your company have the cash flow to pay for electronic data restoration? Or fund the repair and replacement of electronic and mechanical equipment?
Most businesses reliant on expensive electronics have a hard time covering the cost of repairing a sudden electrical and mechanical failure of their electronic equipment.
In the case of electronic data loss, business managers or owners should take on the stress and the cost of reconstructing or replacing sensitive data, media, software, and license agreements.
Read moreIs your business operation reliant on electronic equipment, such as computers?
Then a breakdown of the specialist electronic equipment you own or hire can result in:
- Sudden business interruption
- Data and media loss
- Reduction in your turnover
But does your company have the cash flow to pay for electronic data restoration? Or fund the repair and replacement of electronic and mechanical equipment?
Most businesses reliant on expensive electronics have a hard time covering the cost of repairing a sudden electrical and mechanical failure of their electronic equipment.
In the case of electronic data loss, business managers or owners should take on the stress and the cost of reconstructing or replacing sensitive data, media, software, and license agreements.
Read more
Why insure your Electronic Equipment with Outrisk Insurance?
Why insure your Electronic
Equipment with Outrisk Insurance?
Choosing the right insurance agent is key to finding the right policy for your needs. At Outrisk Insurance, our top priority is ensuring that you and your business get the full protection you deserve!
With more than 30 years of experience in Cyprus’ insurance market, we know what policies best cover your specific business needs. We provide comprehensive coverage for businesses reliant on electronic equipment, like desktop and laptop computers.
When an unexpected electronic breakdown happens, your business will be well-prepared to handle the crisis. Outrisk provides you with the support you need during the most challenging times of your life. We collaborate with the top insurance companies in the market, specialized in Electronic Equipment Insurance policies and experts in Cyprus legislation.
We will help you through the entire process of filing your claim and getting the payout you deserve. Our team will be there every step along the way to make sure you can go through the process quickly and efficiently.
Choosing the right insurance agent is key to finding the right policy for your needs. At Outrisk Insurance, our top priority is ensuring that you and your business get the full protection you deserve!
With more than 30 years of experience in Cyprus’ insurance market, we know what policies best cover your specific business needs. We provide comprehensive coverage for businesses reliant on electronic equipment, like desktop and laptop computers.
When an unexpected electronic breakdown happens, your business will be well-prepared to handle the crisis. Outrisk provides you with the support you need during the most challenging times of your life. We collaborate with the top insurance companies in the market, specialized in Electronic Equipment Insurance policies and experts in Cyprus legislation.
We will help you through the entire process of filing your claim and getting the payout you deserve. Our team will be there every step along the way to make sure you can go through the process quickly and efficiently.
When you choose Outrisk Insurance, you get:
Full Protection
Outrisk Insurance helps to protect your electronic equipment against all possible risks. We offer policies that provide a high-quality repair or complete replacement of electronic equipment.
Tailor-made Coverage
Every business is unique; thus, we provide insurance packages that fit your business needs, specialist electronic equipment and budget.
Reliable Insurance Provider
Since 1989, we have been devotedly serving our clients across Cyprus. As your trusted insurance broker, we have access to the broadest policies that ensure the best coverage for your electronic equipment.
Competitive Premiums
Our team is available 24/7 to help you with any emergencies. In case of a sudden electronic equipment breakdown, make sure to call us first.
Always By Your Side
You receive extensive coverage with free benefits at the most affordable prices in Cyprus’ insurance market.
Expert Assistance
Navigating the insurance process can be tricky. Our qualified and reliable team of insurance agents will help you choose the right policy and fill your claims.
Who is this for?
Aimed at businesses that own or hire specialist electronic equipment or a large variety of electronic equipment.
Call Us +357 97770067
Email us info@outrisk.com
Professionals who can benefit from Electronic Equipment Insurance
Professionals who can benefit from Electronic Equipment Insurance
Electronic Equipment Insurance is essential for:
- Accountants
- Doctors
- Software companies
- Architects
- Lawyers
- Diagnostic centers
- Private hospitals
- Telecommunication businesses
- TV and Radio stations
Electronic Equipment Insurance is essential for:
- Accountants
- Doctors
- Software companies
- Architects
- Lawyers
- Diagnostic centers
- Private hospitals
- Telecommunication businesses
- TV and Radio stations
Why does my business need Electronic Equipment Insurance (EEI)?
Why does my business need Electronic Equipment Insurance (EEI)?
A breakdown of the electronic equipment your business relies on to operate smoothly can threaten its viability. The cost of replacing broken electronics and reconstructing lost data is so high that most companies cannot handle it without financial aid.
That’s why businesses whose capital consists of electronic equipment should opt for a custom and comprehensive Electronic Equipment Insurance to enjoy peace of mind at all times.
Read moreA breakdown of the electronic equipment your business relies on to operate smoothly can threaten its viability. The cost of replacing broken electronics and reconstructing lost data is so high that most companies cannot handle it without financial aid.
That’s why businesses whose capital consists of electronic equipment should opt for a custom and comprehensive Electronic Equipment Insurance to enjoy peace of mind at all times.
Electronic equipment policies cover risks for any kind of unexpected damage that might occur to a business’s electronic systems – whether these are in operation or not!
The sum insured usually represents the replacement value of the insured electronic equipment. The new electronic machines will be of the same type, with the exact same capacity.
Release from the uncertainty and stress of a financial disaster that will threaten the viability of your business with a full and tailored-made Electronic Equipment Insurance today. Get in touch with the expert team of Outrisk Insurance at +357 22 352 223!
What does Electronic
Equipment Insurance cover?
What does Electronic
Equipment Insurance cover?
There is a vast range of risks that may arise for a business reliant on specialist electronic equipment, such as damage from:
- Lighting
- Fire
- Smoke
- Theft
- Soot
- Moisture
- Water
- Explosion
- Malicious actions by employee or third party
- Strikes & harassment
- Faulty workmanship
- Operator error
- Electronic equipment repair
- Electronic equipment replacement
- Removal of debris
- Electronic data restoration
- Additional cost of working
There is a vast range of risks that may arise for a business reliant on specialist electronic equipment, such as damage from:
- Lighting
- Fire
- Smoke
- Theft
- Soot
- Moisture
- Water
- Explosion
- Malicious actions by employee or third party
- Strikes & harassment
- Faulty workmanship
- Operator error
- Electronic equipment repair
- Electronic equipment replacement
- Removal of debris
- Electronic data restoration
- Additional cost of working
Get an insurance quote
Get an
insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Satisfied
Clients
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Frequently asked questions
Most insurance companies won’t insure electronic equipment in the cases of:
- Normal wear & tear
- War/Rebellion
- Nuclear reactions
- Defective design or material of equipment
- Damaged caused by interruption of electricity or water supply
- Aesthetic defects
- Maintenance costs
- Damage due to negligence
- Computer viruses
- Replacement of expendable items, such as batteries, x-ray, tubes etc.
- Damage caused due to modification of data or machines
The insurer calculates the cost as a percentage of the insured capital. The premiums usually depend on:
- Business type
- Machinery type
- Age of equipment
- Use of equipment
- Location
- Number of equipment at risk
Outrisk Insurance will be by your side to file a claim easily and quickly. The standard documents you need to submit for an electronic equipment claim might include:
- Details of insured electronic equipment
- Bills and documents about repair work
- Duly filled in the claim settlement form
- Photocopy of insurance policy
- Photocopy of the preventative maintenance agreement of the equipment
Settling an EEI claim amount might take up to 30 days of receiving the relevant documents.
