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Electronic Equipment Insurance

Electronic Equipment Insurance


Every successful business be it a large corporation or a SME, needs complete protection against potential loss. Modern businesses use lot of electronic Equipments like Computers, Servers, Audio/Video and security equipments and Industry specific Electronic Equipments that are exposed to various risks. Any damage or breakdown to them can put a break in your growth plan by putting a financial burden and stress.
SBI General Insurance can help you successfully overcome these situations and put you firmly in control of your business, equipments and your dream of making it big. With product like SBI General's Electronic Equipment Insurance Policy, you can safeguard your Electronic Equipments that you value most.

Key Features

  • This Policy is designed for covering electronic equipment like Computers, Medical, Biomedical Equipments, Audio Visual Equipments etc on All Risks Basis.
  • The policy also considers coverage to related Systems Software on Computer / EDP systems.


  • The Policy is divided into three sections - Material Damage (Equipment), External Data Media and Increased cost of working.
  • Section I - Material Damage: The policy pays for physical loss or damage caused to the equipments covered under the policy, necessitating repair or replacement, due to any cause, other than those specifically excluded under the Policy.
  • Section II - External Data Media: If the external data media and the information stored in such media, which can be directly processed in EDP systems suffers any material damage due to the peril covered under Section 1 of this Policy, the Company will indemnify the Insured for such loss or damage. This cover is applicable while the insured data media are kept on the Premises. Coverage against restoration of data under this Section will be granted only if backup system is available.
  • Section III - Increased Cost of Working: The Company will indemnify the Insured for all additional costs which the Insured incurs to ensure continued data processing on substitute equipment if such costs arise as an unavoidable consequence of an indemnifiable loss or damage to property insured under the Section I of this Policy.

Sum Insured

  • Section I - The Sum Insured shall be equal to its replacement cost including freight, dues and customs duties, if any and erection costs. The Sum Insured of the equipment insured under this section shall include the value of System Software.
  • Section II - The Sum Insured shall be the amount required for restoring the insured external data media by replacing lost or damaged data media by new material and reproducing lost information.
  • Section III - The 'indemnity limit per hour' and total sum insured stated in the schedule shall be declared by the Insured. The total Sum Insured shall represent the aggregate limit of indemnity payable for all events occurring during the period of insurance.


  • War or War Like operations
  • Nuclear Reaction, radiation or radioactive contamination
  • Wilful act or wilful negligence of the Insured or his representative.
  • Cessation of work whether total or partial.
  • Derangement of the Insured property not accompanied by damage otherwise covered by this policy.
  • Loss or damage due to pressure wave caused by aircraft and aerial devices
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