There's no denying that personal computers and computer-related equipment have become an integral part of today's business landscape. How many times have you thought to yourself, "I just couldn't run my business without my computer"?
Because computer equipment is so important to the productivity, success and survival of most businesses, it's important to take precautions to ensure you're protected in the event your equipment becomes damaged or destroyed. And that's not an unlikely event by any means. According to Safeware Insurance Agency in Columbus, Ohio, which specializes in coverage for computer and high-tech equipment, more than 1.6 million computers in the United States were stolen, zapped by power surges, or otherwise damaged or destroyed in 1996, accounting for a whopping $2.3 billion in losses.
Having the appropriate insurance coverage minimizes your financial loss if your business's computer equipment becomes damaged in the event of fire, flood, theft or electrical surge. If important data should be destroyed, some insurance plans will cover your costs to rebuild it. You can even buy insurance for crises more directly related to computer equipment, like viruses and hard-drive failures.