What coverage does the electronic data processing equipment floater usually include?

The electronic data processing equipment floater typically includes coverage for both mechanical breakdown and data loss, making it a comprehensive option for businesses that rely heavily on technology and data management.

This type of floater is designed to protect not just the physical electronic equipment itself but also the valuable data stored within that equipment. In the event of a mechanical failure, the floater would cover the costs associated with repairing or replacing the machinery, thereby minimizing financial loss for the business. Additionally, if there is a loss of data due to equipment failure, the policy would cover expenses related to data recovery or restoration, which is critical for maintaining business operations.

This broad coverage reflects the understanding that technology is integral to most modern businesses, and risks associated with data processing technology warrant comprehensive protection.