Property & Business Protection
Electronic Equipment Insurance
Many businesses today depend on electronic equipment that is sensitive to a different type of damage than an ordinary physical asset.
What is it?
This is cover concerning electronic devices and systems, such as computers, servers, medical equipment or security systems, against unforeseen events that may affect them, such as power surges or accidental damage. The content differs depending on the type of equipment and is confirmed case by case.
Who is it for?
It is relevant to businesses that depend on technological systems for their daily operation, such as offices, medical centres, shops with till and security systems, and businesses with specialised audiovisual equipment.
Legal position
Is it compulsory in Cyprus?
Not generally compulsory
Electronic equipment insurance is not required by law. It may, however, be linked to contractual obligations, for example in equipment leasing agreements.
General information only. Requirements can change and depend on your activity — Vesta can help clarify what applies to your circumstances.
When might you need it?
You equip your office or premises with new technological systems.
Your business stores or processes data through equipment that would be difficult to replace immediately.
You install security or monitoring systems on your premises.
You hold specialised equipment, such as medical machines or audiovisual systems.
These are illustrative circumstances, not a description of policy terms, conditions or exclusions.
Why review this cover?
Electronic equipment is often renewed more frequently than other assets, and its value can change quickly. A review helps establish whether the recorded equipment and its value match the business's current reality.
The Vesta approach
Understand first, then solutions.
Before making any proposal, we want to understand which equipment is genuinely critical to your operation, where it is located and how often it is renewed. This allows us to discuss solutions that reflect your actual picture.
Next step
Let's look at your circumstances.
Tell us how things work in practice and we will explain what is worth reviewing before any solution is discussed.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you.
Related insurance areas
All business insurance