will business travel insurance cover personal belonging?

Submitted by Anonymous (not verified) on Thu, 02/28/2013 - 12:18

I will be going on an office trip next week. I'll be carrying my laptop with me. My company allows the business travel coverage. Will that cover my personal laptop too?

Posted: 28 Feb 2013 01:56 Post Subject:

You have to read the policy to know that. Your laptop, if used for business purposes, is almost certainly not covered by your homeowner's insurance, so you might want to talk to your agent about adding business-use coverage for the laptop to your homeowner's policy.

Posted: 01 Mar 2013 08:43 Post Subject:

I know my home insurance won't be paying for the loss or damage to the laptop. I wanted to know - how the company insurance will cover it? Will they? Or I need to get a separate travel insurance !! The warranty is over.

Posted: 01 Mar 2013 01:07 Post Subject:

You have to talk to your employer. No one here can tell you what your employer's liability insurance does or does not cover. Some policies will cover an employee's personal property when on the premises of the employer, or in the service of the employer, and some do not.

When in doubt, having your own inland marine policy will cover your laptop from most perils, whether business-use related or not. But it won't cover the cost of lost data or data recovery in most cases.

With the cost of a new laptop at $500 or less, your best insurance is simply data back-up/storage in the "cloud" with a company such as Carbonite. The inland marine policy could cost you $200 or more. (You might be able to add an inland marine rider to your homeowner's policy for a lot less, but it would probably come with a $250 or $500 deductible, so what's the point?)

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