This cover is suitable for electronic equipment typically found in corporate offices, hospitals, diagnostic laboratories, and research institutions. Equipment covered includes mainframe computers, servers, network switches, PABX systems, medical equipment (X-rays, ultrasound, MRI scanners), microscopes, and precision instruments.
Key Policy Sections
- Section 1: Material Damage: Sudden and unforeseen physical loss or damage from electrical short-circuit, over-voltage, operational errors, and water damage.
- Section 2: External Data Media: Indemnity for replacing magnetic and digital storage media and re-entering corrupted corporate data.
- Section 3: Increased Cost of Working: Covers expenditure incurred to maintain computer operations via substitute data centers following an insured loss.