Computer Insurance

Comprehensive cover for commercial computer hardware, data losses, increased costs, and virus, hacking and denial of service

The working landscape has changed significantly, with hybrid working now the new norm for millions of employees.

But with less time now spent working in designated offices and premises, what should businesses be thinking about in terms of managing their computer equipment risks?

Whilst there is often the option to insure computer equipment under a commercial combined or property policy, these may not fully cover all computer risks.

A woman using a laptop whilst outdoors — The role of business computer insurance in an evolving digital world

HSB Knowledge Squad Podcast | Stream via multiple platforms

Transit risks

Hybrid work environments

Accidental damage

Physical loss - Theft - Accidental damage

Shared office spaces - Home-based offices - Shared homes

Pets - Children - Vermin

Our response

HSB Computer Insurance

As a leading specialist provider of engineering and technology insurance, our commercial product has been specifically designed to offer comprehensive cover for computer-related risks.

Our policy is split into sections, providing customers with the flexibility to choose the level of cover they need.

Hardware (core cover)

Reinstatement of data

Increased cost of working

Virus, hacking and denial of service attack

'Reinstatement of data', 'Increased cost of working', and 'Virus, hacking and denial of service attack' can be selected in addition to 'Hardware' to enhance the level of cover.

In addition, 'Virus, hacking and denial of service attack' cover also automatically extends to cover 'Reinstatement of data' and 'Increased cost of working', if these additional covers have been purchased by the customer.

Key features of HSB Computer Insurance

Electronic office equipment can be automatically included under 'Section 1 - Hardware'. For example, photocopiers; video, audio conferencing and projection equipment; and associated software and programs.
Extra hardware is automatically covered up to maximum £500,000, during the annual period of insurance, should the insured accidently forget to inform us.

Following an incident, cover will pay to remove viruses and will help clients to get specialist advice to prevent future viruses or hacking.
Full theft cover – no forcible and violent entry/exit condition.
Low policy excesses (£150) and nil for damage caused by fire, lightning, explosion, aircraft and theft. Only £50 excess for mobile telephones and smartphones.

UK-based arm of
HSB Group

The equipment breakdown insurance and inspection market leader since 1866.

Part of
Munich Re

A world leader in risk solutions, consistent risk management, and financial stability.

Rated A++ (Superior) by
A.M. Best Company

Financially strong and stable.

Member of the Institute of
Customer Service

Demonstrating our commitment to continually improving customer service performance and professionalism.

Trading options

E-trade

Access HSB Computer Insurance via our online solutions: HSB Fast Track or Acturis; fully supported by our E-Trade Team.

Delegated authority/reinsurance solutions

We can provide our partners with capacity, as well as innovative, all-encompassing SME computer solutions. If you’re looking to provide specialist cover as part of your commercial proposition:

Contact our E-Trade Team

Contact our Partnerships Team

HSB is committed to providing a superior customer experience through our specialist claims service

HSB Claims Team

HSB Computer Insurance in action

An insured’s premises experienced extensive flooding following a storm, resulting in various items of computer and other IT equipment being submerged in flood water.

£125,000

Paid

£1,900

Claim

During a presentation, an insured’s MacBook was accidentally knocked off a table. Not only was the screen damaged in the fall, it had also warped and, as a result, the computer would not enter sleep mode when the lid was closed. The laptop was deemed to be beyond repair.

£38,000

Claim

The main power distribution board at a firm of solicitors suffered a power spike. The resulting failure caused considerable damage and disruption to the computer network. Data had to be restored by a specialist IT company.

£1,300

Claim

An employee of a manufacturing company became the victim of crime when their laptop was stolen from the boot of their vehicle.

Access HSB Computer Insurance

Brokers/Agents: Access via HSB Fast Track or Acturis

Quote

Bind

Process mid-term adjustments

Obtain renewal terms

Get an online quote within just a few clicks

Instant access to policy documentation

Manage your customers' MTAs online

Supporting documentation immediately accessible

New HSB Fast Track user? Registration is quick and easy.

Insights

HSB Knowledge Squad Podcast

The role of business computer insurance in an evolving digital world

HSB's Mathew Prentice and Stacey Sheridan discuss how evolving working trends are impacting business computer-related insurance risks, and what key computer equipment exposures businesses need to consider.

Listen now