Electronic Equipment Insurance (EEI)
Protects low-voltage electronic systems, servers, microprocessors, and medical diagnostic equipment on an all-risks basis.
Understanding the Advisory Scope
Purpose & Scope
Covers physical loss or damage to complex low-voltage electronic setups, including hardware, software data media, and operations-related extra costs.
Why It Is Needed
Delicate electronic hardware is highly sensitive to voltage surges, water drops, and structural soot. Standard commercial plans fail to cover data recovery or low-voltage chip burnout.
Who Should Purchase
- IT Offices & Server Hubs
- Hospitals & Medical Scanning Labs
- Telecommunications & ISP Providers
- Broadcast & Television Studios
Suitable Applications & Sectors
What the Policy Protects
Short-Circuits & Surges
Covers motherboards and processors fried by lightning surges or power spikes.
Liquid Ingress
Protects computers and servers from accidental water leaks, coffee spills, or roof leaks.
Theft & Burglary
Covers micro-chips, CPUs, and high-value components stolen from office premises.
Accidental Drops
Covers screens, lenses, and hardware damaged during accidental on-site handling drops.
Smoke & Soot
Protects delicate circuitry from damage caused by smoke, dust, or air-conditioning soot.
Natural Hazards
Covers electronic hardware against floods, typhoons, earthquakes, and fire.
Optional Extensions Available
Third Party Liability (TPL) Extension
Covers legal liabilities for third-party bodily injuries or property damage arising out of construction activities.
Removal of Debris
Reimburses the cost of clearing site debris following an accidental damage or collapse to resume work quickly.
Express Freight
Covers additional costs of rapid express transit for replacement parts to minimize project delays.
Air Freight Extension
Reimburses the premium cost of air-shipping crucial parts or replacement machinery from international suppliers.
Additional Customs Duty
Covers unexpected customs import duties levied on replacement machinery parts brought into India.
Major Policy Exclusions
Software Glitches
Loss of data due to software bugs, virus attacks, or general network slow-downs.
Superficial Scratches
Aesthetic damages, wear and tear, or cosmetic scratches which don't impact utility.
Consequential Profit Loss
Business interruption profits lost due to server downtime.
Supplier Warranties
Faults covered under the manufacturer's active hardware warranty.
Structured Claims Settlement Pipeline
Required Documents
- Signed EEI Claim Form
- Diagnostic sheet and error logs from certified IT/hardware engineer
- Original device purchase bills and software license copies
- Reconstruction cost estimates for data loss recovery
BP & AF Claims Advantage
Take comprehensive date-stamped photographs immediately after any site incident. Secure internal telemetry/datalogger logs before components are dismantled. Our specialist advocates handle direct negotiation with the insurers to ensure minimal deductibles and zero processing delay.
Claim Settlement Steps
Report Failure
Isolate the damaged unit and report hardware faults to BP & AF.
IT Assessment
Insurer's surveyor audits server logs or medical scanner error logs.
Replacement Quote
Submit hardware replacement invoices or data media reconstruction bills.
Final Settlement
Insurer settles claim based on current equivalent replacement value.
Frequently Asked Questions
Request a Placement Proposal
Provide your business parameters below. An Engineering Risk Advisor will structure custom placement slips across top underwriters.
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