Electronic Equipment Insurance

Engineering Insurance

Product Overview

In today’s world, the electronics and information revolution has transformed the business landscape. Consider the impact if your data, computers, or servers were destroyed.

This policy offers comprehensive coverage for your electronic equipment, including protection against physical loss or damage to all electronic devices and data media, as well as the increased cost of working due to an accidental and unforeseen physical loss.

Key Coverage

The policy provides coverage against:

Section 1 - Materials Damage

Particularly the insurance shall cover loss or damage caused by:

Negligence, improper handling, wilful acts of third parties

Short circuit, overvoltage, induction

Fire, lightning, explosion or implosion, extinguishing procedures, demolishing, removal or loss in connection with such events

Water, moisture, inundation

Burglary, theft, robbery, plundering and sabotage

Acts of God

Faulty construction, error in design, defects in material, bad workmanship

This insurance applies whilst the Insured Items are located at the insured’s premises.

Section 2 - External Data Media

Cover for both the material value of the external data media
and the cost of reprocessing and restoring lost information after
loss or damage occurred.

Section 3 - Increased Cost of Working

Cover additional cost necessary to maintain working procedures after a physical loss or damage which are covered under Section 1 and/or 2 of the policy