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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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