When electronic machines are the heart of your business, its damage can be catastrophic!!!
ELECTRONIC EQUIPMENT INSURANCE
- Electronic equipment such as computers and peripherals, medical and biomedical equipment, audio/visual equipment, telecommunication and navigational equipment, electronic equipment for research and material testing, etc., are prone to damage due to a variety of causes.
- All these unexpected, unforeseen and accidental damage/loss are covered in this insurance on an “all risks” basis.
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ELECTRONIC EQUIPMENT INSURANCE
ABOUT
Factories, BPOs, data centers, telephone exchanges, mobile operators and their hubs, hospitals, biomedical labs, printers, science research labs, TV stations, broadcasters, etc., need this insurance.
Insurance coverage in three sections/parts
- Equipment covered on all risks basis.
- Data media – cost of storage systems damaged/lost + cost of recovery of data – on all risks basis.
- Increased cost of working including personal expenses and transportation costs in case of equipment break down/damage/loss.
This is a location based policy and all locations more than one should be clearly declared with identity, serial no., year of purchase etc with asset value for each equipment in a schedule. Sum insured shall represent current replacement value of machinery and/or equipment in order to realise maximum compensation in the event of loss or damage.
Coverage is for one year and insurance to be renewed each year.
ELECTRONIC EQUIPMENT INSURANCE
BENEFITS
- This Policy offers machine-wise cover on All Risk basis.
- The value of Softwares can also be covered under this policy.
- Policy covers cost of dismantling, transport and re-erection at the same place..
Add On Covers
All these covers would operate subsequent of an event covered under the Policy.
- Escalation cover, express freight, air freight, additional customs duty, expediting costs and work on public holidays, owner’s surrounding property, third party liability etc., are offered as add-on covers.
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