Do You Need Protective Cover to Lease Business PCs?

2nd January 2024

Ensuring the protection of your computer hardware is of paramount importance.

When it comes to leasing, buying, or managing business PCs, it is important that they are properly protected, so yes, you should acquire asset protection cover for your leased business PCs.

While it is a sensible idea to protect your business PCs, (and it is also quite often a legal requirement), companies can face some challenges when to comes to finding affordable and suitable cover.

We’re going to analyse some of these challenges and provide a Hardsoft solution, but first, let’s be certain that everyone properly understands the vital nature of protective cover for business PCs.

Getting Cover for Expensive Equipment Is ALWAYS A Good Idea

Getting asset protective cover expensive equipment is a smart idea.

This is actually the case for most valuable equipment inside and outside of a business. Even as an individual, it is a smart idea to get cover for expensive items, especially those such as your computer, smartphone, or fridge. These items are expensive and if they become damaged or stolen, cover will help recoup your losses.

In a business, it is even more important to get cover for equipment. You are likely to have many expensive electrical devices. In the case of PCs, they could be used by various staff. If they are laptops, they might even be sent to a staff member’s home.

There are a lot of things that can happen inside and outside of the office that could cause the loss or damage of your business assets.

The Importance of Insurance for Business PCs

Legal Compliance:

From a legal standpoint, having coverage for leased business PCs helps meet certain contractual obligations. Some leasing agreements often require your business to maintain cover to protect the equipment against damage, theft, or loss. This could be a requirement of your office building lease, or legally established by your CEO or board of directors.

Financial Protection:

Getting cover for your leased business PCs safeguards you from potentially substantial financial losses. Accidents can happen unexpectedly, and without cover, the costs of repairing or replacing damaged equipment can be a significant burden on your business budget. Asset protective coverage provides financial protection, ensuring that you can quickly recover from such incidents.

Mitigating Risks:

Leased business PCs are susceptible to a range of risks, including accidental damage, theft, power surges, and natural disasters. Cover helps mitigate these risks, giving you peace of mind and allowing you to focus on your core business operations.

Challenges in Insuring Business PCs

Cost:

Getting cover for computer hardware in bulk can be very expensive. Surprisingly, few third-party companies have decent packages in place tailored to the needs of different sized businesses when it comes to covering a fleet of devices. It can become even more financially complex when you add individual devices to an existing fleet. High premiums can strain your resources.

Time-Consuming Process:

The administrative process of acquiring the cover can be time-consuming. Engaging with third-party providers often means navigating complex policies.

Limited Coverage and Exclusions:

It is essential to carefully review cover policies to understand the extent of coverage provided. Some policies may exclude specific types of damage or limit coverage for certain scenarios, leaving you vulnerable to potential losses.

Claims Handling:

While cover is intended to offer protection, the claims process can sometimes be challenging. Third-party companies may attempt to avoid paying claims or delay the process, causing frustration and potentially hampering your business operations.

safeguard protection and some laptops

Solving The Challenges With SafeGuard By Hardsoft

Luckily, Hardsoft has created one of the best options for business PC coverage on the market. Our product SafeGuard aims to make the protection of business PCs easy and faff-free.

This product can be added to your Devices For Teams computer lease. It provides the best protection at affordable prices. It is one of the most cost-effective and competitively priced options for business computer protective cover on the market.

It is incredibly simple in one comprehensive invoice for your whole fleet at reasonable rates. It is very fast to set up and since you receive the cover product from the same provider as your equipment and other IT services, there are no extra parties involved, which speeds up the entire process.

SafeGuard protects against theft, loss, accidental damage, spills, fire, and flood. As well as covering devices you receive from Hardsoft as part of your lease, you can also cover devices you already own with SafeGuard.