The growing importance of device insurance as work moves online
While some changes including movement towards a virtual world of work were already underway before the breakout of Covid-19, the lockdown that has been put as a response to the virus, has accelerated the move to online spaces for many companies. Writing in the Forbes website, William Arruda says once the virus broke out, it altered the world of work and these changes will be permanent in that they will forever alter the way we think about and behave at work. The most obvious of these is that once the virus broke out, people quickly adapted to working from home. Arruda says "when the pandemic subsidies, working from home will remain popular with professionals, and will force companies - even those that were not proponents of having a virtual workforce - to become more flexible." For most professionals, this has put technological hardware like computers, desktops and laptops, scanners and printers, used remotely from work, at the centre of the virtual workplace. It is important for individuals, working from home, to insure their technological hardware so as to secure their access to work and the virtual workspaces.
The changes to the workplace, making it 'liquid' in virtual spaces as people work remotely at home, means that the particular computer or laptop that one uses becomes important. The professional at home can only work as long as this computer or laptop is functioning properly. The breakdown to this computer or laptop affects not only the work of this professional but the entire team as a whole. One can be on company workspaces such as are facilitated by Google workspaces, but will need hardware to access it. In other words although the work can be backed up in company online systems, one will always need a computer to access and work on those spaces.
It becomes important to insure one's laptop and other hardware that make up the domestic or home workspace because of unforeseen malfunctions. In the cut throat modern world, it is important that once a computer or laptop breaks down or is stolen, it can be replaced seamlessly without delay. Without any insurance that might prove impossible as laptops breakdown or thieves break in when least expected.
Adam Grant, a professor at Wharton School, has told the World Economic Forum's World Versus Virus podcast series that working in virtual spaces will be the new normal. As a result, Grant has said bosses will need to give their employees working in these spaces, more control over their schedule and work. Taking control over one's work means having the (hardware) tools to work and means being online as much as possible without the excuse of a computer that is working up.
A personal computer or a laptop will become the office in a literal manner and the companies' virtual offices will be the headquarters. To access one's office at the headquarters one will need the hardware. Having one's hardware broken down will be akin to locking one's self outside one's office at the headquarters. Companies should assist employees in insuring their personal computers that they will be using to do work at home. This investment in insuring employees' hardware is not a cost at all compared to paying huge rentals for employees who might not be at work in the offline offices but working remotely on online spaces. On this, a Gallup survey in the US has proved that working online from home, is actually profitable for companies.