Insurance for client's equipment Insurance for client's equipment
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  1. #1

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    Default Insurance for client's equipment

    Yes I've rung my insurance provider (QDOS) but they don't seem to get it.....


    I am likely to be starting a new piece of work for a former client.
    This will involve them providing me some equipment worth approx. £10k for me to do a proof of concept for them.
    I want to get the equipment insured.
    I have no business premise insurance as it's my home office.

    Any ideas on who would sell this type of business insurance?
    See You Next Tuesday

  2. #2

    Prof Cunning @ Oxford Uni

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    Have you asked the client if they will insure it?
    I'm perfect, in a very specific and limited way.
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  3. #3

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    Quote Originally Posted by WTFH View Post
    Have you asked the client if they will insure it?
    they've asked me if I can insure it
    See You Next Tuesday

  4. #4

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    Quote Originally Posted by Lance View Post
    they've asked me if I can insure it
    "No"

  5. #5

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    Quote Originally Posted by Lance View Post
    Yes I've rung my insurance provider (QDOS) but they don't seem to get it.....


    I am likely to be starting a new piece of work for a former client.
    This will involve them providing me some equipment worth approx. £10k for me to do a proof of concept for them.
    I want to get the equipment insured.
    I have no business premise insurance as it's my home office.

    Any ideas on who would sell this type of business insurance?
    Exactly "what" do QDOS not seem to get? Personally, I can think of at least a dozen reasons why they would refuse cover under standard contractor policies..

    Why does the client want you to get the property insured? Exactly why isn't it already insured?

    FWIW, over the decades I've had to use thousands of pounds of customer kit, but I've always applied a simple rule: if they don't explicitly say in writing they have it insured, then it never leaves their premises.
    Last edited by nomadd; 10th November 2020 at 10:02.
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  6. #6

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    Quote Originally Posted by nomadd View Post
    Exactly "what" do QDOS not seem to get? Personally, I can think of at least a dozen reasons why they would refuse cover under standard contractor policies..

    Why does the client want you to get the property insured? Exactly why isn't it already insured?

    FWIW, over the decades I've had to use thousands of pounds of customer kit, but I've always applied a simple rule: if they don't explicitly say in writing they have it insured, then it never leaves their premises.
    I'm not after a 'standard contractor insurance'. I want business equipment insurance that covers client owned equipment on my premises.

    And what is normal in contractor land is not relevant. This is a B2B piece of work with a SoW. I am not a contractor for this work. We spend enough time telling people to think like a business and when we do we get told that's not what contractors are....

    This may well come back on them, but if I can get £30k and my costs are just a few hundred £££ for insurance I'll do it.
    I buy business travel insurance when I'm travelling on client business and I don't see this as any different.
    See You Next Tuesday

  7. #7

    My post count is Majestic

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    You need to look at other business insurance providers as QDOS packages are nice and simple if it is just your own equipment under a few grand. Google and see who comes up.
    "You’re just a bad memory who doesn’t know when to go away" JR

  8. #8

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    Maybe an outfit like Hiscox may be a better bet?

  9. #9

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    If everything else fails, you can include it in your content insurance and increase value / set it as high value item by naming it.

  10. #10

    I live on CUK

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    Quote Originally Posted by Lance View Post
    Yes I've rung my insurance provider (QDOS) but they don't seem to get it.....


    I am likely to be starting a new piece of work for a former client.
    This will involve them providing me some equipment worth approx. £10k for me to do a proof of concept for them.
    I want to get the equipment insured.
    I have no business premise insurance as it's my home office.

    Any ideas on who would sell this type of business insurance?
    Assuming a 10k loss wouldn't be catastrophic, just self-insure and keep it hidden away at night.

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