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Nasco Gulf specializes in providing comprehensive and flexible insurance policies for all corporate insurance needs. Backed by personalized service and tailor-made policies with a cost-effective premium, Nasco has remained on par with the UAE’s phenomenal economic growth and its evolving needs.

 

The Nasco Gulf Team is passionate about their business; it is because of their dedication, integrity and professionalism, that we continue to achieve our goals. As we look into the future, it is essential to pay tribute to the founders of the Nasco Insurance Group, the Nader and the Karaoglan families. Without their vision, guidance and ambition, the dream would never have been realized.

 

We are proud to be the agent of Emirates Insurance Company, one of the leading insurers in the Gulf, and with whom we have enjoyed a long and prosperous association in the UAE.

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Electronic Equipment

Electronic Equipment used in various industries and offices are exposed to risks of unforeseen and sudden causes resulting in loss or damage. Such losses may be repairable or may sometimes need replacement.

Electronic Equipment insurance is designed to provide coverage for protection against loss and damage from “all risks”, to specialized electronic equipment such as computers, x-ray machines, communication facilities, studio equipment and other data processing machines.

Policy applies to the insured items at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the aforesaid operations, or during subsequent erection after commissioning.

 

Risks Covered

Loss to assured’s electronic equipment against any unforeseen and sudden events is covered for:

 

  • Damage to hardware
  • Damage to software and data media
  • Cost of restoration of information data
  • Increased cost of working

 

Major Exclusions

 

  • Normal wear and tear
  • War, terrorism and sabotage

 

Period of Insurance

The coverage is usually provided for a period of one year.

 

Basis of Sum Insured

Sum insured for this insurance should be the replacement cost including freight, duty, cost of erection and other dues.

 

Deductible

A monetary and time deductible for each and every loss under the policy is always applicable.

 

Premium Rate

Premium rates are based on:

 

  • Replacement value of equipment
  • Model
  • Type of Machinery
  • Age of the machinery
  • Maintenance history
  • Use of the machine
  • Cost for restoration of data
  • Limit for increased cost of working
  • Time for repair or replacement of the damaged equipment
  • Policy deductibles
  • Professional experience of the assured
  • Type of industry where equipment is being used
  • Experience of the industry
  • Standard of the management

 

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.

 

For more information, please contact Nasco Gulf at +971 4 351 8610.

 

Basis of Claim Settlement

The indemnity under the policy is for replacement or repair of the damaged equipment.

If the sum insured is found to be inadequate, the policy will pay in such proportion as the sum actually insured bears to the sum actually should have been insured.

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

 

Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact Nasco Gulf at +971 4 351 8610

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