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ELECTRONIC EQUIPMENT INSURANCE

Basic Cover

The policy is to cover the computer systems for:

Section I (Material Damage)
The Insurer will indemnify the Insured against any unforeseen and sudden physical loss or damage to the electronic equipment (Interest Insured) from any cause, other than those specifically excluded from the policy.

Section II (External Data Media)
The Insurer will indemnify the Insured if the external data media entered in the Schedule inclusive of information stored thereon, which can be directly processed in EDP system, suffer any material damage indemnifiable under Section I of the policy, the cost of restoring the Insured external data media by replacing lost or damaged data media by new material reproducing lost information.

Section III (Increased Cost of Working)
The Insurer will indemnify the Insured for any additional expenditure incurred for the use of substitute EDP equipment not covered under this policy up to an amount not exceeding the agreed sum insured entered in the Schedule provided cause of damage/lost is indemnifiable by Section I of the Policy.

Interest Insured

  • Section I: On all computer systems
  • Section II: External data media
  • Section III: Increased cost of working

Eligible Proposer

Any person or business organisation that requires coverage for computer systems

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