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Electronic Equipment Insurance
Electronic Equipment

In today's digitalized world, Computational and Data processing electronic equipment has become critical for the speedy functioning of a business. Electronic Equipment insurance policy is designed to cover protection against unforeseen events leading to breakdowns and physical damages to the installed equipment.

Who can take the policy?

    Owner(s)

    Lessor / Lessee

    Anyone with financial interest in the equipment or machinery

What does it cover?

    Equipment

    External data media, including information stored thereon

    Increased cost of working

What do the add-on covers include?

    Own surrounding property

    Third party liability

    Express freight (excluding air freight), holiday rates, overtime charges

    Air freight

    Escalation of cost

    Earthquake

    Act of Terrorism

    Additional custom duty i.e. the additional percentage of duty payable for reimport at the time of replacement, over and above the percentage of duty    included in the original sum insured

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