At A Glance
Protect your equipment and your livelihood!
As a professional, you know your equipment is your livelihood. You've invested a lot of money. Have you thought about what would happen if your equipment were lost, stolen, or damaged? The "Special Risk" Equipment Insurance Program, is worth a look if you're interested in insuring your valuable equipment.
"Special Risk" means there are very few exclusions to your coverage. You're covered for all loss or damage to equipment from theft, breakage, vandalism, fire, lightning and other natural hazards.
And you're covered no matter where you go - up to the scheduled value of your equipment. You may be aware that most homeowner's policies won't cover your business-related equipment at your office, home or in your car.
The "SPECIAL RISK" Business Equipment Insurance Plan is a complete insurance program that covers loss or damage to equipment by theft, accident, vandalism, fire, flood, tornado and other natural calamities.
The majority of the usual equipment you use is covered. You're even covered for the replacement cost of computers and software--including temporary rental fees and reprogramming costs. This Plan can also cover your traditional office equipment such as printers, scanners, monitors and other electronic equipment.
With this Plan, your equipment is covered everywhere...at your office or facility, a client's home, in transit, at a school, your home or in your car--24 hours a day.
The cost of this Plan can be tax-deductible as a normal business expense. The Business Equipment Program is the most comprehensive and economical policy you can buy.
Answers about the plan, including eligibility, options, enrollment, customer service and more.
Will my Professional Liability Insurance policy cover my equipment?
No. Your professional liability insurance policy does not cover the costs for lost, damaged or stolen equipment.
How can I learn more about this plan?
Does all of my equipment have to be insured?
What if new equipment is purchased?
If your newly acquired equipment is less than 25% of your policy limit, you will receive automatic coverage for up to 30 days from the date of purchase. You have 30 days to notify Mercer of the newly acquired equipment and you will need to pay for any additional premium to add the item. If you newly acquired equipment exceeds 25% of your policy limit, you will need to notify Mercer immediately to add the equipment to your policy.
What kind of reimbursement can I expect?
Do I need this insurance if I already have coverage under any homeowner's policy?
What's the minimum premium required under this plan?
Any situation which may result in a claim should be reported immediately to:
York Claims Service, Inc.
99 Cherry Hill Road, Suite 102
Parsippany, NJ 07054
Phone: 1-866-391-9675 (YORK)
Theft or Vandalism Claims: Include the police report.
Repair Claims: Include an estimate of the damage.
Theft/Damage to Newly Acquired Property: Include proof of purchase.
Items Valued over $10,000: Include proof of purchase.