Take a stroll around your company and count the computers, telephones, servers, printers, studio material, medical equipment,... Before you know it you will have made a list of hundreds of appliances worth hundreds of thousands of Euros. You want them to keep on operating even if you do not own the items but are renting or leasing them.
All-risks insurance covers (nearly) everything
As you are not an electronics expert you do not want to have to contend with the fine print in contract clauses relating to items or causes that are covered or otherwise. All-risks insurance therefore works the other way round: you are insured for any damage that is not explicitly excluded.
In other words, it may be assumed that you only have to meet the costs for wear and tear, cosmetic damage, disappearance and deliberate damage. Everything else is covered by the insurance company.
Compensation for defective materials is generally based on the replacement as new value on the day when the damage occurred.
Special attention for computers
A damaged computer generally has a bigger impact on your organisation as this can result in a loss of data or additional costs for reconstituting information or software. You can take out separate cover for this eventuality. As in the case of a loss of profit subsequent to damage covered by the policy.