This engineering insurance policy offers financial recovery (indemnity) for electronic equipment assets in the event of unforeseen and sudden physical damage or breakdown from internal issues. The risks covered include:
- Damage caused by electrical energy, such as short circuits, excess voltage, or induction
- Human factors, including improper operation, lack of skill, or negligence
- Manufacturer defects, including faulty design, material defects, issues during manufacturing, installation, or mobility of the electronic equipment
Risks
Man-made Hazards
- Chemical spill
- Oil spills
Business Hazards
- Accidental losses
- Material damage
Protections
- Damage to property of insured
- Loss of property of insured
Industries
- Aerospace & Defense Goods
- Air Freight & Logistics
- Airlines
- Auto Components
- Automobiles
- Banking
- Building Products
- Chemicals
- Commercial Services & Supplies
- Construction & Engineering
- Construction Materials
- Consumer Staples
- Containers & Packaging
- Diversified Financials
- Education
- Electrical Equipment
- Energy Equipment & Services
- Health Care
- Hotels, Restaurants & Leisure
- Household Durables
- Industrial Conglomerates
- Information Technology
- Insurance
- Leisure Products
- Machinery
- Marine
- Media & Entertainment
- Metals & Mining
- Oil, Gas & Consumable Fuels
- Paper & Forest Products
- Pharmaceuticals
- Professional Services
- Real Estate
- Retailing
- Road & Rail
- Telecommunication Services
- Textiles, Apparel & Luxury Goods
- Trading Companies & Distributors
- Transportation Infrastructure
- Utilities