The computers, servers, diagnostic machines and communication systems a modern business runs on are both expensive and delicate — and they fail for reasons a fire policy never contemplates. Electronic Equipment Insurance is purpose-built for exactly that exposure.
What Electronic Equipment Insurance is
Electronic Equipment Insurance (EEI) coverssudden and unforeseen physical damage to electronic equipment— low-current, sensitive systems such as computers, servers, medical electronics, telecom and broadcast gear, and laboratory and test instruments. It complements property and machinery cover, but is tailored to the way electronics actually fail.
Why standard cover is not enough
The three sections of cover
Section I — Material Damage
Physical loss or damage to the equipment itself.
Section II — External Data Media
The cost of restoring data and replacing external media after a covered loss.
Section III — Increased Cost of Working
The extra cost of using substitute equipment while yours is repaired.
What it covers
- fire, theft and accidental external damage;
- electrical and electronic faults — short circuit, over-voltage, insulation failure;
- operator error and mishandling;
- damage from moisture, dust or faulty air-conditioning.
What can be insured
IT hardware and servers, medical and diagnostic electronics, telecom and networking equipment, broadcast and audio-visual systems, CAD/CAM and design workstations, and laboratory and test instruments.
Industries that rely on it
Hospitals and diagnostic centres, IT and ITES firms, media and broadcasting, telecom, education and research, and any manufacturer whose process depends on electronic control systems.
How the sum insured works
Equipment is insured onreinstatement (replacement-when-new) value, with defined limits for data media and increased cost of working. Insuring at depreciated book value invites average and leaves you short at claim time.
What it does not cover
Typical Exclusions
- •wear and tear and gradual deterioration;
- •consumables — bulbs, tubes, batteries, ribbons;
- •defects covered by a supplier warranty or maintenance contract;
- •cosmetic damage not affecting function.
How Aurevian helps
Aurevian helps youschedule equipment correctly, value it on the right basis, add data-media and increased-cost-of-working limits that reflect real downtime, and coordinate EEI with your property and engineering cover— then manage the claim if a system goes down.
“The most valuable machines in a modern office draw the least current — and fail in ways ordinary policies ignore.”
