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Electronic Equipment Insurance

Scope of cover

• Section 1 -Material Damage Cover -covers sudden and unforeseen losses which physically affect the subject matter    insured.
• Section 2 -Data Media Cover -damage to or destruction of data media and cost of recovering the programs and    data stored on these media
• Section 3 -Increased Cost of Working Cover -covers the financial loss of the insured resulting from the interruption    of or the interference of the business during the indemnity period or the consequence of an accident
• The term “electronic equipment” comprises, in the context of insurance, all electrical and electronic systems such    as Electronic data processing (EDP) equipment, Electrical equipment for medical use, Communication facilities,    Lighting and navigation facilities and Equipment for research and material testing

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