Protecting Technology Your Business Relies On, So Operations Run Smoothly
Sukoon Electronic Equipment Insurance safeguards the electronic machinery that modern enterprises depend on, whether it’s telephones and computers in an office or MRIs and X-ray machines in a hospital. Any damage to this equipment, caused by fire, lightning, humidity, faulty installation, or even burglary, can have a severe impact on operations and lead to significant financial losses. Our policy is designed with a clear understanding of the electronic risks businesses face every day. It is an “accident” insurance that covers all sudden and unforeseen physical damage to the insured items, helping organisations recover quickly and continue operating smoothly.
WHAT'S COVERED
The policy covers almost all sudden and unforeseen physical losses to the insured equipment, with the following representing the most common causes:
- Fire, lightning, explosion, falling aircraft
- Smoke, soot, corrosive gases
- Water and humidity
- Failure of the air conditioning
- Short circuit and other electrical causes
- Design, manufacturing, assembly, and erection faults, defects in casting and material, workshop errors, and bad workmanship
- Faulty operation, lack of skill, gross negligence
- Malicious acts by workmen, employees, third parties
- Burglary
- Hail or frost
Extensions
External Data Media Cover
Protects against the loss of external data media. The cover is provided for both the material value of the stored information and the cost of reprocessing and restoring the lost information.
Increased Cost of Working Cover
Covers the extra charges and expenses incurred if the required computing capacity needs to be hired in the event of a breakdown. It includes costs like hire charges, transport charges for data media and personnel, expenses for accommodation away from base, night work, work on public holidays, etc.
YOUR QUESTIONS ANSWERED
We are here to help. Find the most commonly asked Electronic Equipment (EE) Insurance questions.
No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.
Yes, the insurance is valid on any airline as long as the passenger is assigned a proper seat.
No, it's not. It totally depends on you. But we would say that it is advisable.
So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount.
At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.
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HEAD OFFICE
CUSTOMER SERVICE CENTRE
800 SUKOON (785666)COMPLAINTS
GENERAL ENQUIRIES
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HEAD OFFICE
Sukoon Building,
Omar Bin Al Khattab
Street, Next to Al Ghurair
Mall
Deira, P.O. Box 5209
Dubai, United Arab Emirates
WALK-IN VISIT
Visit any of our branches to get expert advice, complete your application, and enroll on the spot.