John B Wright Blog

As any business grows, it tends to accumulate more equipment. Gadgets are often integral to business function, and it’s hard to imagine any business operating these days without laptops, cell phones and even iPads or tablets. While it’s wise to help protect any enterprise with business insurance, NJ business owners should be careful to ensure business equipment is covered for multiple scenarios.

In the first instance, you should check your current contract thoroughly so you are very clear on which equipment is covered, and specifically what disasters you are covered for. Cell phones are not generally included in standard policies, so if you didn’t purchase insurance with the phones, they’re not likely to be covered. It’s important also to check whether your equipment (laptop for instance) is covered both in the workplace and while you are travelling. Finally, remember that policies often have a value limit per item. So if your laptop or any other gadget is worth a significant amount you may need to purchase additional ‘valuable items’ coverage, to protect those items fully.

Gadgets are now essential to almost every business, and aside from the financial implications, the loss of a tablet or laptop can pose a major setback. Should you wish to check that your current coverage is adequate for your purposes, or be interested in taking out extra business insurance, NJ agents in our office are happy to offer advice and source quotes.

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