Electronic Equipment

Electronic Equipment
Business today are completely dependent on electronic data & electronic equipment like laptops, Desktops, servers, diagnostic equipment. Any loss or damage to such electronic equipment will severely impact the day to day operation & subsequently the business. The Electronic Equipment Insurance Policy provides comprehensive coverage against unforeseen & sudden physical loss or damage to the electronic equipment or data media that occurs owing the perils other than those specifically excluded under the policy.
The Electronic Equipment Insurance Policy mainly provides protection against unforeseen events leading to breakdowns & physical damages to electronic installed in an industry. This is an All Risk Insurance cover against many fortuitous perils subject to certain specified exclusions. It's extremely useful insurance cover to protect manufacturing industry against heavy expenses necessitated in restoring the damaged equipment & data media to its working condition & also maintain business continuity.
The policy provides coverage against unforeseen & sudden physical loss or damage to the electronic equipment & data media that occurs owing to perils other than those specifically excluded.
There are 3 sections providing the desired coverage:
Section I: Material Damage (Equipment).
Section II: External Data media, including data stored thereon.
Section III: Increased Cost of working resulting from accidental loss and/or damage to  the electronic equipment covered under Section I.
This policy covers accidental damage, loss from the range of cover including fire & allied perils, breakdown, burglary & Electronic Data Processing Machine.
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