This type of policy covers physical losses or damages to electronic or electrical equipment such as Electronic Data Processing (EDP) equipment, Electrical Equipment like medical, communication and navigational equipment due to any unforeseen and sudden cause.
In addition to losses and/or damages to the equipment itself, this coverage also encompasses the following:
- External Data Media:This section covers the loss of external data media which includes stored information and the cost of reprocessing and retrieving lost information.
- Increased Cost of Working:This entails, additional expenditure incurred on hiring or using a substitute for the EDP equipment, transport charges for personnel, their accommodation expenses away from their base and night work or work done during public holidays.
