Public Liability Insurance Act
It's an All Risk insurance policy which protects Owner, Lesser or Hirer (where responsible either legally or through a leasing agreement) of electronic equipment. It covers accidental, unforeseen and sudden physical loss or damage to electronic equipment (Including system software) against sudden & unforeseen physical damage by any cause or peril those are not excluded under the Policy.
It's an All Risk insurance policy which protects Owner, Lesser or Hirer (where responsible either legally or through a leasing agreement) of electronic equipment. It covers accidental, unforeseen and sudden physical loss or damage to electronic equipment (Including system software) against sudden & unforeseen physical damage by any cause or peril those are not excluded under the Policy.
Coverage
This insurance covers sudden, unforeseen and accidental loss or damage other equipment caused by :
>> Fire & Allied Perils as Lightning, Explosion/Implosion, Aircraft Damage, Riot, Strike, Malicious and Terrorism Damages, Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation, Impact Damage, Subsidence Landslide, Rockslide, Bursting and/or overflowing of Water Tanks, Apparatus and Pipes, Missile Testing operations, Leakage from Automatic Sprinkler Installations, Bush Fire.
>> Electrical & Mechanical Breakdowns,
>> Burglary & Theft. Negligence,
>> Lack of Skill, Carelessness
MAJOR EXTENSIONS AVAILABLE
You may extend your policy by paying additional premium. Major optional extensions available are:
-: Escalation cost;
-: Express freight;
-: Air freight; additional custom duty;
-: Third party liability;
-: Owners surrounding property;
-: External data media; and
-: Increased cost of working.
MAJOR EXCLUSIONS
-: Willful acts or gross negligence on the part of you or your representatives;
-: War or warlike operations, nuclear reaction, radiation or radioactive contamination;
-: Wear and tear, faults or defects existing at the time of commencement of insurance which ought to have been or were known to you;
-: Faults or defect for which the supplier/manufacturer/maintenance contractor is responsible either by Law or under contract;
-: Loss, destruction or damage directly occasioned by pressure, wave caused by aircraft and other aerial devices traveling at sonic or supersonic speeds;
-: Loss of or damage to the property covered under this Policy falling under the terms of the Maintenance Agreement; and
-: Policy Excess - This is the first amount of any claim that insured have to bear.
-
Heading Electronic Equipment Insurance:
Detail Electronic Equipment Insurance