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Everything you need to know
What is Electrical & Electronic All-Risk Insurance
Electronic Equipment Insurance
Electronic equipment insurance covers computers, medical equipment, control systems and other electronic equipment against sudden breakdown, short circuit, power surges, fire, theft and accidental damage.
Whether you're running MRI machines in hospitals or server farms in data centers, electronic equipment insurance helps protect your business from the cost of sudden breakdown or damage to your equipment.
Why Is This Policy Vital for Tech-Dependent Businesses?
Because Technology Is Expensive, But Downtime Is Priceless!
Indian businesses invest ₹2-5 crore in critical equipment, with replacement costs rising 15% annually. A single MRI machine costs ₹10 crore, while data center downtime costs ₹5-7 lakh per hour. Electronic equipment insurance is the difference between “quick fix” and “business extinction.” It’s survival insurance for the digital infrastructure economy!
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Who Needs Electrical & Electronic All-Risk Insurance?
Hospitals & Healthcare Facilities
MRI machines, CT scanners, X-ray systems, and medical equipment need specialized breakdown coverage against power surges and mechanical failures.
Data Centers & IT Companies
Servers, networking equipment, cooling systems, and UPS units require comprehensive protection against electrical and electronic failures.
Manufacturing units
Process control systems, PLCs and other electronic equipment.
Broadcasting & Media Houses
Studio equipment, transmission systems, cameras, and broadcasting technology require all-risk electronic equipment protection.
Hotels
Building management systems, reservation and IT systems, and other electronic equipment.
Telecom & Communication
Cell towers, transmission equipment, networking hardware, and communication systems require specialized electronic equipment insurance.
Types / Add-ons Commonly Offered
Transit & Exhibition Cover
Coverage for equipment during transit and exhibitions.
Data media / reinstatement of data
Cost of restoring data and software on insured media after an insured loss, where included in your policy.
Increased cost of working
Extra costs of keeping operations running, such as hiring temporary equipment, after an insured loss, where included in your policy.
Portable equipment
Cover for laptops and other portable equipment used away from your premises, where included in your policy.
Mysterious Disappearance
Unexplained loss of equipment (subject to policy conditions).
What Electrical & Electronic All-Risk Insurance Covers
Short Circuit
Damage to equipment caused by short circuits in electrical systems.
Power Surge
Damage from sudden voltage spikes and power fluctuations.
Mechanical Breakdown
Sudden failure of mechanical parts in electronic equipment.
Electrical Failure
Breakdown of electrical components due to internal faults.
Electronic Component Damage
Damage to circuit boards, chips, and other electronic components.
Operator Error
Damage caused by accidental mishandling or operator mistakes.
Overheating
Damage to equipment caused by excessive heat or cooling failure.
Motor Burnout
Burnout of motors and windings due to electrical or mechanical faults.
Data and software
Cost of restoring data and software after insured physical damage to the equipment, where included in your policy.
Lightning Strike
Damage to electronic equipment caused by lightning.
Fire & Explosion
Damage to equipment from fire, explosion, or allied perils.
Water Damage
Damage from water ingress, leakage, flooding, or bursting of pipes.
Inclusions & Exclusions
✓Inclusions
- Sudden Breakdown — Unforeseen mechanical, electrical, and electronic failures during normal operations.
- Physical Damage — Fire, explosion, short circuit, and power surge damage to insured equipment.
- Operator Error — Accidental damage caused by human mistakes and operational errors.
- Replacement Costs — Parts, labor, and repair expenses up to equipment reinstatement value.
✗Exclusions
- Wear & Tear — Normal aging, gradual deterioration, and routine maintenance issues excluded.
- Consequential Losses — Indirect costs beyond specified business interruption coverage excluded.
- War & Nuclear — Military actions, terrorism, and nuclear hazards typically excluded.
- Intentional Damage — Deliberate sabotage or willful misconduct not covered.
- Cosmetic Damage — Scratches, dents, and appearance issues without functional impact excluded.
FAQs
Physical damage from viruses (like overheating) is covered, but pure software corruption without hardware damage isn't.
Nope! Regular check-ups are your responsibility. Insurance kicks in when things break unexpectedly, not during scheduled oil changes.
Yes, damage from lightning, power surges and voltage fluctuations is covered, subject to the policy terms and excess.
Breakdown cover is for internal failures. An all-risks electronic equipment policy also covers external perils such as fire, theft and accidental damage, subject to exclusions.
Portable devices can be covered with specific endorsements, but need to be declared and may have location restrictions!
Settlement time depends on the claim and the documents required. Our team helps you prepare documents and follows up with the insurer.