Originally posted by BigDataPro
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Insurance for client's equipment
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by BigDataPro View PostIf everything else fails, you can include it in your content insurance and increase value / set it as high value item by naming it.
I'd go a specialist policy for this - as above, Hiscox are a major player.Comment
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I had a bit of a rummage while on a particularly boring work call and most policies seem to mention owned, leased or hired by you but not items lent to you or borrowed.
I wonder if perhaps you could draw up a hire agreement with the client for the equipment and that could then make your cover eligible for a business equipment insurance policy.
IANALComment
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Originally posted by ladymuck View PostI had a bit of a rummage while on a particularly boring work call and most policies seem to mention owned, leased or hired by you but not items lent to you or borrowed.
I wonder if perhaps you could draw up a hire agreement with the client for the equipment and that could then make your cover eligible for a business equipment insurance policy.
IANAL'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostBy him personally, not by him in his capacity of a business I'd expect. Wouldn't take long to unravel why he's got 10k of kit in his house and them to void his cover."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by ladymuck View PostI had a bit of a rummage while on a particularly boring work call
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IANALComment
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Originally posted by northernladuk View PostBy him personally, not by him in his capacity of a business I'd expect. Wouldn't take long to unravel why he's got 10k of kit in his house and them to void his cover.
No corners to be cut. Just insurance needed.See You Next TuesdayComment
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Insurance relies on a legal principle called Insurable Interest which basically means yourco must stand to lose something financially (directly) if the gear is damaged or stolen. Just agreeing to look after it doesn't make you automatically responsible for it. By far the most expedient solution is for the owner to insure it, and the lack of insurable interest is why yourco will struggle to insure it - and anyone who takes yourco's money may well not pay out if the stuff is nicked.Comment
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Originally posted by northernladyuk View Post'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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