Electronics Equipment Policy

Electronics Equipment Policy

First Assurance covers your Business for accidental loss and sudden/unforeseen physical damage including breakdown to the electronic equipment such as:-

  • Electronic data processing machine.
  • Telecommunication equipment.
  • Transmitting and receiving installations (including Radio, TV, Cinema Sound Reproduction and Studio Equipment).
  • Material testing and research equipment.
  • Electro-Medical Installations.
  • Signal and transmitting units.
  • Office calculators, duplicating machines and Reproduction machines.
  • Control and supervisory units.

Note: The above items should not be portable and mobile

The following perils are covered:-

  • Smoke, soot, dust, corrosive gases etc.
  • Water and Humidity.
  • Short circuit and Electrical fire risk.
  • Faulty operations, lack of skill.
  • Falling object and entry of foreign bodies
  • Fire, lightning, explosion.
  • Riot and strike and malicious damage and terrorism.
  • Theft and burglary.
  • Natural calamities – flood, inundation, storm, cyclone and earthquake
  • Subsidence, landslide, rockslide.

Benefits

The following perils are covered:-
  • Smoke, soot, dust, corrosive gases etc.
  • Water and Humidity.
  • Short circuit and Electrical fire risk.
  • Faulty operations, lack of skill.
  • Falling object and entry of foreign bodies
  • Fire, lightning, explosion
  • Riot and strike and malicious damage and terrorism.
  • Theft and burglary.
  • Natural calamities – flood, inundation, storm, cyclone and earthquake
  • Subsidence, landslide, rockslide.

Features

This policy covers the following:
  • Electronic data processing machine
  • Telecommunication equipment
  • Transmitting and receiving installations ( including radio, TV, Cinema Sound, Reproduction and studio equipment.
  • Material testing and research equipment
  •  Electro-medical installation
  • Signal and transmitting units
  • Office calculators, duplicating machines and Reproduction machines.
  • Control and supervisory units.
Note: The above items should not be portable and mobile

FAQS

1. What are the policy’s exclusions?
  • Wear and tear as a consequence of ordinary use or operations as well as cavitation, erosion, corrosion or boiler scale to the parts immediately affected.
  • Willful acts or gross negligence on the part of the insured or his representatives.
  • War or warlike operations, civil commotion of any kind as well as acts on the part of strikes and locked out persons.