This cover is suitable for electronic items usually to be found in an office environment or in hospitals etc, electronic items that are not to be found in heavy industrial set ups. These will include computers, medical equipments (X-rays, radiology, weighing scales etc), microscopes, PABX and other equipments.

The policy protects the insured equipment against any unforeseen and sudden physical loss of or damage.

Causes of the loss will include;

Accidental damage
Fire
Theft (an extension on the policy)
Internal damage due to short circuiting etc

In case of computers, the policy can also be extended to include costs of replacing lost or damaged external data media and costs of reproducing lost data. Any increased costs of working as a result of the loss or damage can also be recovered under the policy.

The policy will operate when the insured items are at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the functions themselves. Usually a premises cover but can be extended to cover temporary transits away from the premises.

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More about the product

Why our Electronic Equipment Insurance is perfect for you

Meets Modern Business Needs: We crafted our policy to be a must-have for every forward-thinking organization.

Broad Eligibility: This policy applies to all electronic equipment, regardless of whether owned, leased, or financed.

Comprehensive Coverage: From physical damage to data loss, we ensure your electronic assets are well-protected against unexpected mishaps.

How does the electronic cover protect you?

Section I - Material Damage:

Safeguard against unforeseen damages that require repair or replacement.
We ensure minimal disruptions by basing our coverage on the replacement value of your equipment.

Section II - External Data Media:

Protect your external data storage solutions and the invaluable information they hold.
Includes restoration and reconstruction costs for lost or compromised data

Section III - Increased Cost of Working:

Should your equipment face disruptions, we cover the additional costs of using alternative solutions.
The policy extends to cover related transportation costs, ensuring a smooth transition during equipment downtimes.

Does the policy cover loss due to power surge?

Yes, the policy covers power surge effects but is subject to the Lightning and Overvoltage clause.

After how many years does the equipment become obsolete?

Electronic equipment depreciates every year at a certain percentage and the equipment may become obsolete when it can no longer be used because of the availability of new products which are faster, better, and cheaper.