ELECTRONICS & TECHNOLOGY INSURANCE

Specialist insurance policies covering the Electronics & Technology sector.

Technological advancements create new and evolving risks. The use of the internet, intellectual properties, nanotechnology & automation are just a few of the considerations for the electronics & technology sector insurance. The tendency to resort to litigation when something goes wrong is unlikely to diminish and combined with the increasing use of contractual agreements within supply chains relationships, means that a ‘traditional` insurance policy wording cannot be relied upon as a means of seeking balance sheet protection. All companies in the electronics & technology sector need an insurance broker who understands the risks and can respond by providing a bespoke and tailored risk and insurance strategy.

EY logo

As from May 2010, Electronics Yorkshire has agreed to a new partnership with W Denis Insurance Brokers Plc, to offer specialist insurance to Electronics Yorkshire members. Electronics Yorkshire is funded by Yorkshire Forward and the European Union ERDF, with the aim to support the UK Electronics Industry through the provision of specialist training, technical support and networking.
W Denis has created a bespoke insurance policy for the Electronics & Technology Sector. This insurance policy is underwritten by an A Rated insurer, in an exclusive partnership with W Denis.

Insurance Premium Discounts are available for all members

Subject to qualifying criteria, a Free Full Membership upgrade will be offered to firms who are currently Associate Members of Electronics Yorkshire. Also, businesses who are not current members of Electronics Yorkshire will also be offered Free Full Membership, again subject to qualifying criteria.

We provide the insurance services for all kinds of technology companies, including:

Automotive Electronics Insurance
Aviation & Space Products Insurance
Technology Consultancy Insurance
Consumer Electronics Insurance
Designers of Electronics Insurance
Electrical Machinery Insurance
Electronics Equipment Insurance
Hardware Insurance
ICT Companies Insurance
Installations Insurance
Integrated Circuit Boards Insurance
Internet Service Providers Insurance
Marine Industry Electronics Insurance
Medical Electronics Insurance
Offshore Applications Insurance
Printed Circuit Boards Insurance
Research & Development Insurance
Robotics Insurance
Software Insurance (All Applications)
Telecommunications Insurance

For more information about Electronics Yorkshire, please visit www.electronicsyorkshire.org.uk

SUMMARY OF INSURANCE COVER ENHANCEMENTS OFFERED

	BRONZE	SILVER	GOLD
Qualifying Status	Any EY member or non-member	EY members who are ‘technology businesses` and who can accept policy limits up to the values shown below	Larger corporate EY members who are ‘technology businesses` and who require higher levels of bespoke cover
Property, Machinery, Computers, Contents	Any sum insured requested	Any sum insured requested	Any sum insured requested
Upgraded theft cover (No restriction to only insure claims where there is evidence of a break in or violence)	Negotiable	Included automatically	Included automatically
Errors & omissions – automatic cover if you fail to disclose requirements to insure buildings, contents, machinery or computers	Negotiable	£1.5m automatic cover	Any value exceeding £1.5m
Capital additions – automatic cover for newly acquired or erected buildings, contents, machinery, computers	Negotiable	£1.5m automatic cover	Any value exceeding £1.5m
Electro/mechanical breakdown of computers & machinery including physical damage & business interruption	Negotiable	£250k automatic cover	Any value exceeding £250k
Contract works – to insure loss or damage to property/machinery/computers in the course of construction/erection/installation	Negotiable	£250k at own premises & £50k at customers installation sites	Any value exceeding £250k at own premises or £50k at customers premises
Goods in transit	Negotiable	£100k automatic cover	Any value exceeding £100k
Business Interruption	Any sum insured requested	Any sum insured requested	Any sum insured requested
Research & development expenditure	Negotiable	£100k cover included automatically	Any value exceeding £100k
Premium rebates to reward good risk management initiatives	Negotiable	Included automatically	Included automatically
Public Liability Limit	Any limit requested	Any limit requested	Any limit requested
Legal liability for inefficacy of products	Negotiable	Included as standard	Included as standard
Legal liability for errors & omissions on a civil liability basis (including professional indemnity) including both products & services	Negotiable	£100k included as standard	Any limit exceeding £100k
Legal liability for ‘cyber liability` issues including virus transmission	Negotiable	Included as standard	Included as standard
Legal liability for pure financial loss	Negotiable	Included as standard	Included as standard
Legal liability for loss or damage to items/property in your care custody or control	Negotiable	£100k included automatically	Any limit exceeding £100k
Legal liability for defective workmanship & damage to products	Negotiable	£100k included automatically	Any limit exceeding £100k
Product recall	Negotiable	£100k included automatically	Any limit exceeding £100k
Employers Liability	Any limit requested	Any limit requested	Any limit requested
Geographical limits & Jurisdiction for Legal Liability insurances	Negotiable	Worldwide including USA/Canada as standard	Worldwide including USA/Canada as standard
Other Covers	All of our policies contain a number of other standard extensions and insuring clauses, providing very comprehensive insurance protection. All other types of insurance cover are also offered where necessary or required

For more information about our insurance services, or for an insurance quote, please contact:

Name:	Mark Dutton
Position:	Director
Direct Tel:	0113 243 7209
Email:	Mark.dutton@wdenis.co.uk