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Securing your Projects & Future Profits

Electronic Equipment Insurance Policy

Features & Benefits

  • Requirements

    In this modern age where businesses rely on technology, protecting computer and electronic equipment has become essential. From broadcasting to viewing online media, from innovative breakthroughs to executing every day work tasks, the reliance on technology and electronic equipment is huge.

    If these were to get damaged or malfunction, the consequences would have a huge impact on the business. Our Electronic Equipment Insurance (EEI) ensures that the electronic equipment at your workplace is completely secured.

  • Benefits

    Our Electronic Equipment Insurance policy is specifically designed to provide complete cover to electronic equipment in case of breakdown or damage. Being an ‘All Risk Insurance’, this provides complete cover except for the perils specifically excluded from the policy. The policy covers the high costs of repair or restoration of the damaged equipment, or its replacement thereof to ensure business continuity at a marginal cost.

  • Sum Insured

    The sum insured is equivalent to the replacement value of the electronic equipment inclusive of the total of duties paid, freight charges and erection costs.

  • Premium

    The premium amount to be paid depends on the type of equipment insured.

Please refer to the policy wordings for more information on Electronic Equipment Insurance policy.​​

Coverage

Liberty General Insurance Electronic Equipment Insurance policy is for:​​​​

  • The owner(s) of the equipment
  • Lessor /Lessee i.e. leasing the equipment
  • ​A group of different parties with financial interest in the equipment such as bankers or financiers

To understand eligibility better, please read the policy wordings.

Our Electronic Equipment Insurance will protect the following list of electronic equipment:

  • Electronic data processing machine
  • Telecommunication equipment
  • Transmitting and receiving installations (including radio, TV, cinema sound reproduction and studio equipment)
  • Material testing and research equipment
  • Electro-Medical Installations
  • Signal and transmitting units
  • Office calculators, duplicating machines and reproduction machines
  • Control and supervisory units

The policy cover can be extended on payment of additional premium to cover the following risks:

  • Escalation
  • Your property surrounding the insured equipment
  • Third party liability
  • Express freight, overtime, holiday wages etc.
  • Air freight
  • Additional customs duty
  • Terrorism

This is not an exhaustive list. For a detailed list of inclusions & other details, please refer to the policy wordings.​​

This policy has ‘named excluded perils’ or specific risks which will not be covered under the policy.

The policy exclusions/risks are:

  • War and nuclear disasters
  • Damage due to overload
  • Wear and tear
  • Wilful act of damage
  • Gross negligence
  • Pre-existing defects known to you

This is not an exhaustive list. For a detailed list of inclusions & other details, please refer to the policy wordings.​​

Frequently Asked Questions

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Who can buy this product

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Individuals, Commercial Establishments( Hotels, Offices, Shops, Malls, Hospitals etc.), Manufacturing units

Items Insured

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Electronic Equipment's like Computers, Medical, Biomedical Equipment's, Telecommunication equipment, Audio Visual Equipment's etc.

Product Coverage

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Policy covers the Insured against any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded.

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Pricing related

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Premium is charged based on the type of the equipment, Loss Experience.

How do I record any changes in the policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

What is third party liability insurance? Is it covered in this policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

What is third party liability insurance? Is it covered in this policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

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The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.​

Rohit Kapoor

We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.​

Gurudutt

The contents of your newsletter are quite interesting and informative.

This will help in creating awareness in the industry about the loss prevention and good maintenance.

Thanks for the good work you are doing.​

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