An Electronic Data Processing (EDP) insurance policy typically covers equipment, data, and media owned by the insured, as well as similar property of others when in the insured's care, custody, or control. Extra expense coverage is also usually included and business income coverage can often be added.
Although EDP equipment is covered as unscheduled business personal property on "commercial property" policies, an inland marine EDP equipment floater can provide added benefits. Many EDP floaters cover special perils such as mechanical or electrical breakdown. They also typically insure covered property while in transit. Moreover, since EDP is a nonfiled class of inland marine, an EDP floater provides the opportunity to tailor policies to meet individual coverage needs.
We can help explain all of this in detail and customize it for your specific needs. Give us a call today.