Overview

Electronic equipment insurance is an “accident” insurance on an all-risk’s basis covering sudden and unforeseen losses which physically affect the insured electronics.

Features
Benefits

It comprises the following sections

Damage caused by unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) in a manner necessitating repair or replacement.

Loss/Damage to external Data Media i.e. Tapes, Discs, magnetic drives etc as a result of peril in section one.

In the event of a breakdown, the required computing capacity is hired, then the increased cost of working insurance applies. It covers such expenses as hire charges, transport charges for data media and personnel, expenses for accommodation away from base, night work or work on public holidays and the like.

The perils covered includes but not limited to the followings.

Fire, lightning, explosion, failing aircraft.
Burglary
Faulty operation, lack of skill, gross negligence
Failure of air conditioning
Design, manufacturing, assembly and erection faults, defects in casting and material, workshop errors, bad workmanship
Smoke, soot, corrosive gases
Water and humidity
Short circuit and other electrical causes
Malicious acts of workmen, employees, third parties
Hail, frost.