Electronic Equipments

Electronic equipments insurance 

This is a specially designed policy which covers accidental loss or damage to electronic equipment such as the following:

• Electronic data processing machine.
• Telecommunication equipment.
• Transmitting and receiving installations(including Radio, TV, Cinema Sound Reproduction and Studio Equipment).
• Material testing and research equipment.
• Electro-Medical Installations.
• Signal and transmitting units.

Key benefits

• Specifically designed for Electronic Equipments with additional options to cover external data media and increased costs of working
• Suitable irrespective of trade and size of operations
• Multi-locations can be covered under one policy
• Risk management advice and risk management consultancy services
• Reinstatement of sum insured following insured damage

Product details

Scope of cover

This cover is arranged in three sections.

Section 1

Material damage of the equipment on a comprehensive basis including both accidental damage and electrical and mechanical breakdown

Section 2

External Data Media, following a damage to EDP system and loss indemnifiable under Section 1, the cost incurred in restoring the data

Section 3

Increased cost of working is the additional expense incurred to restart the operation following a material damage loss.

How to select sum insured?

Section 1

The sum insured shall be equal to the cost of replacement of the insured items by new and of the same kind and capacity which will include freight dues customs duties and erection cost

Section 2

The Sum Insured shall be equal to the cost required for restoring the insured external data media

Section 3

The Sum insured shall be equal to the amount which the insured would have to pay as additional expenditure for 12 months use of substitute EDP equipment