Insurance cover for loaned IT Equipment?

[Mordac]

Doesn't professional indemnity/public liability insurance cover any damage you cause to third party equipment/people etc during the course of your daily duties?

And so if client co tried to claim off you then you would claim of that.

It probably does, but it probably won't cover theft, fire, flood etc., or one of your children getting handy with a hammer...

[Lance]

Doesn't professional indemnity/public liability insurance cover any damage you cause to third party equipment/people etc during the course of your daily duties?

No.

[Lance]

It probably does, but it probably won't cover theft, fire, flood etc., or one of your children getting handy with a hammer...

Nope.

PI is cover against you being not very good at your profession.
The client, or their equipment, are not 'public'.

[Mordac]

Nope.

PI is cover against you being not very good at your profession.
The client, or their equipment, are not 'public'.

Happy to be corrected.

[northernladuk]

Happy to be corrected.

That's lucky then

[Mordac]

That's lucky then

I've had PI for 25 years, and never once read the fine print. I did think one was "indemnified" against damage to client equipment and systems, provided it wasn't deliberate. Thankfully I've never had to claim...honest!

Perhaps I should have got PPI instead, at least I could have claimed it all back...

[Lance]

I've had PI for 25 years, and never once read the fine print. I did think one was "indemnified" against damage to client equipment and systems, provided it wasn't deliberate. Thankfully I've never had to claim...honest!

Perhaps I should have got PPI instead, at least I could have claimed it all back...

PI insurance is an odd one.
Never gets claimed, and is cheap to buy. And always required.

If however, you run a real business, with employees doing work for your client, it's really expensive. It's a tickbox exercise for one-man bands. It's why they charge >£1k a day for the consultancies, and why small businesses struggle to compete. They can't charge >1k a day, but are undercut by one-man contractor companies.

A sensible client will not bother about PI as it's never claimed, but due to the risk averse nature of agencies it creates a bit of a racket. IMO. IANAL.

[cojak]

Make sure that the status and condition of the equipment is clearly documented and signed off on by both you and a client representative before accepting it. Failure to do so may result in all sorts of headaches, like this --> Paying the damage

What???

I would have logged an incident 2 minutes after being given that pile of junk! What the hell was he thinking?!?

[cojak]

Oh - and to the OP - treat like your own laptop and make sure you don't damage it in the first place.

(How many have you got through until now??)

[tonyjwheeler]

Thanks to all...

Oh - and to the OP - treat like your own laptop and make sure you don't damage it in the first place.

(How many have you got through until now??)

Indeed. Lots of comments that are most welcome. Here is what I found out:

• Kingsbridge PI cover includes "property" but then excludes most cases (incl loaned equipment)
• Business equipment insurance covers your own equipment
• British Insurance Brokers’ Association (BIBA) could not find cover

I had assumed that I needed cover as the client would be asking me to sign for the laptop (an expensive one) but it could be that the client has it covered - or should do.

Thanks. If anything changes I'll get back here with comment.

Regards

Tony