Features: Covering Material damage for many types of electrical equipment, including;
Electronic Data Processing (EDP) equipment.
Electrical and Radiation equipment for medical use.
Communication facilities. (Tele-printers, Telephone Exchange & Units, photocopiers, Ultrasonic equipments, CT Scan etc.)
Data Media: Material damage and loss of information suffered by external data media (magnetic disks, magnetic tapes, magnetic cards, etc.)
Increased cost of working: Additional expenses for computer operations due to insured's computer breakdown and arrangement for hire computing facilities becomes necessary.
Benefits: The policy provides indemnity against losses, which arise suddenly and unexpectedly and materially affect the subject matter insured, other than those specifically excluded.
Premium is calculated as a percentage of the new replacement value of the insured items. For leased equipment the premium is fixed according to the extent of liability in the contract of hire.