EEI is an “all risks” policy designed to cover unforeseen and sudden physical loss or damage to electronic equipment. This includes a broad range of items such as computers, servers, medical devices, and communication systems. The policy typically covers damage from various perils, including fire, lightning, power surges, theft, and faulty operation.
It is an essential policy for businesses that rely heavily on electronic equipment, as it helps to manage the significant financial risks associated with the breakdown or damage of this valuable machinery.