Electronic Equipment Insurance

This policy cover is suitable for electronic items usually to be found in an office environment or in hospitals, Schools etc., electronic items that are not to be found in heavy industrial set ups. These will include computers, medical equipment’s (X-rays, radiology, weighing scales etc.), microscopes, PABX and other equipment’s.
The policy protects the insured equipment against any unforeseen and sudden physical loss or damage.
Causes of the loss will include;
- Accidental damage
- Fire
- Theft (an extension)
- Internal damage due to short circuiting etc.

In case of computers, the policy can also be extended to include costs of replacing lost or damaged external data media and costs of reproducing lost data. Any increased costs of working as a result of the loss or damage can also be recovered under the policy.

The policy will operate when the insured items are at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the functions themselves. Usually a premises cover but can be extended to cover temporary transits away from the premises.