Electronic insurance: various suppliers and models in comparison

In today’s world, no operation can function without at least one computer. Business processes are becoming increasingly optimized with the help of versatile communication technologies, work tasks are automated, and data is digitized. Therefore, it is crucial for companies to protect and secure their electronic systems effectively. This article will explore the benefits of electronic insurance, highlight the available providers, and outline the services they offer.

	Basler		Condor		Ergo
Annual contribution	175 euros	150 euros	150 euros	150 euros	250 euros	125 euros
Coverage	1 euro	250 000 euros	5 my euro	750,000 to 1 million euros	1 euro	1.5 euros
Insured systems:
Date and communication technology	✔	✔	✔	✔	✔	✔
Offices technology	✔	✔	✔	✔	✔	✔
Measurement and test technology	✔	✔	✔	✔	✔	✔
Phrase and reproach	✔	✔	✔	✔	✔	✔
Security and reporting technology	✘	✔	✘	✘	✔	✘
Image and sound technology	✔	✔	✘	✔	✔	✘
Medical technology	✘	✘	✔	✔	✔	✔
Insurance coverage to:
Operational/ clumsy error	✔	✔	✔	✔	✔	✔
Sabotage and vandalism by third parties	✔	✔	✔	✔	✔	✔
Construction and material defects	✔	✘	✔	✔	✔	✔
Short circuit and overvoltage	✔	✔	✔	✔	✔	✔
Fire and explosion	✔	✔	✔	✔	✔	✔
liquid	✔	✔	✔	✔	✔	✔
Damage related to time	✔	✔	✔	✘	✔	✘
flooding	✔	✔	✔	✔	✔	✔
Come on Majeure	✔	✘	✔	✔	✔	✔
Theft/ robbery	✔	✔	✔	✔	✔	✔
Deductible	250 euros	175 euros	From 150 to 500 euros	From 150 to 500 euros	250 euros	From 150 to 250 euros
Warning period	3 sweet	3 sweet	3 sweet	3 sweet	3 sweet	3 sweet
Minimum term	1 -3 years	1 -3 years	1 -3 years	1 -3 years	1 – 5 years	1-5 years
	offer		offer		offer

If you have a company and there is an increase to further acquire technology, the additional electronics insurance makes sense. This serves to quickly replace or repair electronics in case of damage. You can expect something similar from the insurance on the contents that so called home articles for companies, but not many causes of damage are insured in this. Insurance companies from our comparison pay for damages:

• Operational or clumsy error,
• Sabotage or vandalism by third parties,
• Short circuit and overestimation,
• Fire and explosion,
• Water, humidity and floods e
• Theft, robbery, looting.

Errors of material and construction are also adopted. Only the VHV does not pay in this case. Meteorological damage is not assumed only by the insurance group between and by Zurich Insurance. In addition, all insurers are born for damage caused by the strength majeure, only the VHV insurance does not pay in this case.

Information: The compared electronic insurance refers to the hardware. Software insurance usually must be booked separately. Only Zurich only undergoes damage to the software up to € 15,000.

2. How sensitive electronic insurance is, several factors decide

You can decide if you need additional insurance for the technology of your company based on various indicators. The number of your electronic devices is an important influence factor. If you have many electronic devices, electronic insurance is recommended. You can also use the following questions:

• Does your company turnover depend on the perfect functioning of your hardware? An example for this would be a copy or medium company, editorial offices and printers.
• Do you use expensive special devices? Medical technology in particular is expensive and sensitive. The rental or hardware stores for film technology that offer expensive machines can also benefit from the insurance.
• Is planning and management of everyday life electronically? This is no longer unusual in the warehouse logistics. More and more young companies are also opting for an electronic solution to the intelligent planning of operating processes.

It can therefore be said that the measure of technology dependence decides how useful additional insurance is. If, for example, there is a breakage of the tube and servers and PCs are damaged, in the worst case there are company faults. In this case, insurance should provide you rapid help and compensate for the damage.

The whole electronic insurance from the comparison also advertises with further insurance on additional costs, in which the costs incurred are also compensated by the company failures.

3. For these devices, pay insurance

The insurance coverage caused by further electronic insurance refers to the following technological groups:

• Date and communication technology
• Offices technology
• Measurement and test technology
• Phrase and reproach
• Security and reporting technology
• Image and sound technology
• Medical technology

However, suppliers also differ here. Sometimes the differences are not completely clear. So Zurich insurance does not ensure any image and solid technology, but so -called media technology. For this reason, you should get exactly advisable in advance which products fall into their respective categories of products.

Note that furniture products such as smartphones, tablets, netbooks and laptops are not insured. Only VHV insurance companies, the insurance group between and insurance companies Ergo ensure mobile devices. If so, you should get additional insurance. For example, a mobile phone insurance. No service provider is ensured by drones.

In the same way, the insurance does not pay in case of damage caused by intent, war, nuclear energy and usury or wear. Zurich also refuses services in the event of an earthquake.

4. Therefore the insured sum is calculated

All service providers calculate the amount of contributions to the new value of electronic devices. A flat contribution rate is then calculated. This usually remains fixed for the entire term of the contract. If you get new devices over time, it is not necessary to report it immediately to the insurance company.

In Basler and Ergo, at the beginning a flat rate of 30% of the insured sum for new acquisitions is included. For example, it ensures technology in value of € 100,000 and acquires new technologies up to € 30,000 during the contract period, your contributions do not change. In the case of VHV insurance, the same applies up to 50% of the insured sum, but only to € 50,000.

Technical progress is also taken into consideration. If there is damage and if the model is no longer available in stores, you will receive a newer one from all insurers.

5. Minimum term and resolution

The minimum term for most insurance companies is 1 to 3 years. Only Ergo and Zurich insurance also offer a 5 -year contract. In Zurich you can even get an immediate discount when choosing the 5 -year variant. You have to think about resolution everywhere. This must be sent at least three months in advance. If you lose the period, the contract is automatically extended by 1 year.

It is not necessary to cancel if you have purchased only a large number of new more expensive technologies. In this case, the insured sum is regulated. Likewise, all insurers offer various additional packages for additional costs, Such as insurance coverage abroad. If you are satisfied with the general conditions of your insurance, you can simply inquire about additional packages. Usually you don’t have to directly look for a new supplier.

A warning: Flat foreign rates are already included on Basler, Condor, Zurich and Inter Insurance Group.

6. Private individuals can also have electronic insurance

If you want electronic insurance, even if you don’t use your technology commercially, this is not a problem. The Fiendsurance supplier also offers additional insurance for private individuals. However, this is not general insurance for all your mobile devices. Tablets, cell phones and notebooks are mostly excluded and must be specially insured. Rather, private electronic insurance refers to devices such as televisions, stereo systems, refrigerators and washing machines.