Computers – Where would your business be without them?

By May 24, 2010 commercial

Your computer system organizes your communications, controls your inventory and holds your creative ideas.
You have a significant investment in this technology, and you should protect it.
Your conventional property insurance policy may cover damage by fire, wind or theft; but that policy may not completely protect your hardware, software and network capabilities. In order to protect your system against special electronic hazards, you need a policy tailored to the unique nature of the technology.
Accept no substitutes
The Cincinnati Insurance Company's Electronic Data Processing Policy features protection from conventional causes of loss such as fire, wind and theft. More importantly, Cincinnati's EDP Policy protects against
loss caused by:
•    accidental erasure of data
•    mechanical breakdown
•    employee sabotage
•    short circuiting of equipment
•    sewer backup
•    computer virus
•    changes in temperature
•    flood and earthquake
•    sprinkler leakage
When software becomes a nightmare…
If only it were a dream … when your system suffers a mechanical breakdown, there may be damage to your hardware. However, even more serious is the loss of information or the loss of media (discs, tapes, CDs) on which you store information. The cost of these items may be substantial, particularly the cost to reproduce your data base and replace your programs. Cincinnati's policy extends coverage to these items for 20 percent of the equipment coverage amount on your policy up to $10,000.*
And downtime affects your bottom line
What-happens-when your–system-goes down?
In many businesses, the mere cost of repairs. The real financial impact involves the interruption of your business. If a computer breakdown could affect your earnings or require that you incur additional expense to resume operation, then EDP loss of income and extra expense coverage protects your revenues. The policy automatically
provides this coverage up to a maximum of $10,000.*
More coverage’s
Your EDP Policy:
•    covers your property while

on your premises
•    follows you when it is necessary to move your equipment to another location
•    includes 20 percent of hardware/software limits up to $50,000* when in transit and away from premises
•    covers newly acquired property automatically up to $250,000 for up to 90 days
•    reimburses up to $50,000 for recharge expenses for fire protection system
•    covers up to 20 percent of the data/media limits up to $10,000* for duplicate and backup data/media stored
at other locations
•    provides replacement cost for valuation of property with no coinsurance requirement
•    covers scheduled locations on a blanket limit basis
Consider this option
Cincinnati's EDP Policy covers damage from electrical disturbances that occur within 1,000 feet of your business location. You may want to further protect your system from hazards created by electrical disturbances beyond 1,000 feet. A distant electrical transformer explosion may do considerable damage to your computer system. You may extend your electrical disturbance coverage as an option to your policy.  Protect your information technology with a high-tech insurance policy from The Cincinnati Insurance Company.
* Higher limits are available.
This is not a policy. For a complete statement of the coverage’s and exclusions, please see the policy contract. Coverage’s are available in most states. For information, quotes, policy service or coverage availability in your state, please contact your local independent agent recommending coverage. “The Cincinnati Insurance Companies” and “Cincinnati” refer to one or more companies of the insurer group providing property and casualty coverage’s through The Cincinnati Insurance Company or one of its wholly owned subsidiaries – o The Cincinnati Indemnity Company, The Cincinnati Casualty Company or o The Cincinnati Specialty Underwriters Insurance Company – and life and disability income insurance and annuities through o The Cincinnati Life Insurance Company. Not all subsidiaries operate in all states. 6200 South Gilmore Road, Fairfield, Ohio 45014-5141.

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