Equipment and Inventory Insurance
Protection for tangible assets, from production lines and IT equipment to warehouse inventory, including third-party and borrowed items.
Protection for Your Company's Operational Engine
While buildings form the shell of your business, equipment and inventory are what generate profit. Damage to them, whether by natural disaster or theft, has an immediate impact on your ability to fulfill orders. We design insurance programs that meticulously differentiate between various types of tangible assets (owned, third-party, leased) and ensure that in the event of damage, compensation is sufficient for the immediate replacement of modern equipment and the resumption of production without needing to draw on your own capital.
Flexibility in Coverage Scope and Security
From natural disaster to theft
The core coverage protects against fire, explosion, and water damage, which we extend to include risks of theft by burglary or robbery. A crucial aspect is setting the coverage limits to reflect the real value of your assets over time and to meet insurers' requirements for mechanical and electronic security systems (alarm systems, grilles, safes) for your premises, something we can assist you with during an audit.
Asset Valuation and Limits
Properly setting the insured sums is crucial. For modern technology and equipment, we typically work with "new for old" values (replacement cost at the time of loss), which ensures that the payout allows you to purchase an equivalent new machine. For specific or older inventory, depreciated values can also be used if it is more economically advantageous.
Special Coverages and Extensions
The insurance can be extended to cover risks such as power surges, which can damage sensitive electronics, or the costs of dismantling and reassembling damaged machinery. Coverage for damages caused during warehouse operations (e.g., a falling shelf) is also standard.
Examples of real-world events this insurance can resolve
Flooded server room
A burst air conditioning pipe destroyed critical servers and data. The insurance company will cover the purchase of new hardware and data recovery costs.
Theft of inventory from the warehouse
Perpetrators bypassed security overnight and stole finished products ready for dispatch. The policy will cover both lost profit and the value of the goods.
Production line fire
A technical fault caused a fire in the main machine. Thanks to new for old coverage, the company immediately ordered the latest model of the machine without impacting its cash flow.
Damage to rented equipment
Your employee damaged a rented forklift. The insurance company will cover the repair costs from the additional insurance for rented property.
How Eurovalley can help you
The difference between replacement cost and actual cash value in insurance
In the next video, Key Account Manager Bc. Lukáš Finda explains the difference between replacement cost and actual cash value in insurance, and why this difference fundamentally impacts the amount of the insurance payout.
Let's talk about equipment insurance
While buildings form the shell of your business, equipment and inventory are what generate profit. Damage to them, whether by natural disaster or theft, has an immediate impact on your ability to fulfill orders. We design insurance programs that meticulously differentiate between various types of tangible assets (owned, third-party, leased) and ensure that in the event of damage, compensation is sufficient for the immediate replacement of modern equipment and the resumption of production without needing to draw on your own capital.
