All the equipment (computer system and its peripheral as well as auxiliary equipment) are susceptible to damage or breakdown. This policy covers against loss or damage to such properties.
We have two sections under this policy:
- Material damage: Covers loss or damage to the equipment from accidental causes.
- Consequential Loss: Following claims under material damage, it seeks to cater for increased cost of working e.g. hiring alternative facilities, loss of business e.t.c.