This engineering insurance policy provides indemnity (financial recovery) for Assets of Electronic Equipment against unforeseen and sudden physical damage from internal damage or breakdown from the Equipment. The Risks Covered are Unforeseen and sudden physical damage or losses to all electronic equipment by:
1. Damage caused by operation of electric energy (short circuit, excess voltage, or induction)
2. Human element (faulty operation, lack of skill, negligence)
3. Manufacturer’s faulty design, defects in material, faults at workshop, faults in erection, stationery, and mobility of electronic equipment