Businesses today are completely dependent on electronic data and electronic equipment like Laptops, Desktops, servers, diagnostic equipments etc. Any loss or damage to such electronic equipment will severely impact the day to day operation and subsequently the business. Other than conventional type of hazards, Computers and other electronic items are prone to various types of accidental damage.
Cover is also available for increased cost of working following damage to the equipment and (clerical) costs incurred for reinstatement of lost data.
Varying considerations may be applicable while effecting cover for portable equipment like laptops, palmtops etc. In case these items are insured under a Fire policy, there could be possible duplication in certain areas of cover eliminating which could be economical.