Computer & Electric Industry

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Insurance for Computer & Electric Industry

In these days’ world, devices like laptops, computer systems, iPads, and tablets are part of every family. And of the path, no family can run efficaciously without a refrigerator, a bathing machine, air conditioners etc. Even as all of us ensure managing any digital gadget wishes is executed with the maximum care, accidents and unexpected incidents do manifest.
Digital system coverage caters to the unusual needs of the electronic gadget which is not most effective but extraordinarily sensitive to the slightest modifications in atmosphere situations however also characterised by having a huge cost concentration in an enormously compact set-up.
Our electronic gadget insurance coverage is particularly designed to offer entire coverage to digital equipment in case of breakdown or damage. The policy covers the excessive expenses of restoring or recuperation of the damaged gadget, or its replacement thereof to make sure enterprise continuity at a marginal price.

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Property Damage

Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

Business Interruption / Loss of Profits

Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted due to direct physical loss or damage, such as might be caused by a fire or a natural disaster. THis type of insurance also covers operating expenses, a move to a temporary location, if necessary, payroll, taxes, and loan payments.

Commercial General Liability

Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.

Directors And Officers Liability

The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment.

Marine/ Sales Turnover Policy

Sales turnover policy (STOP) is a highly evolved marine insurance cover. Thus, it is suitable for industries where multiple internal transits require to produce/manufacture the final product for sale.

Employer’s Liability

The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by the workmen arising out of and in course of employment.

Cyber Insurance

Cyber insurance policies protect companies from hackers and other individuals or groups who may gain access to company-stored personal identifying information.

Electronic Equipment Insurance

Electronic Equipment Insurance (EEI) offers comprehensive coverage to loss of electronic goods and helps the policyholder save on unavoidable costs.

Trade Credit Insurance

Trade credit insurance (TCI) reimburses companies when their customers are unable to pay because of insolvency or destabilizing political conditions.