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.
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.