What type of coverage does the Electronic Data Processing Policy include?

The Electronic Data Processing (EDP) Policy is specifically designed to cover losses related to electronic data and equipment. This type of coverage is critical for businesses that utilize computers and digital systems for their operations. A significant aspect of the EDP Policy is its inclusion of coverage for loss due to media damage, which addresses issues such as computer data loss, corruption, or damage to software and digital information.

This coverage is particularly relevant in today’s technology-driven landscape, where businesses rely heavily on electronic data for their daily functions. Incidents that can trigger this coverage include situations where data is accidentally erased, lost due to a computer virus, or damaged through other unforeseen circumstances. The EDP Policy provides businesses with the necessary protection against the unique risks associated with electronic media and data processing equipment.

In contrast, coverage types like personal injury protection, liability for negligence, and property damage to physical buildings pertain to different areas of insurance and do not address the specific risks that an EDP Policy is designed to cover. Personal injury protection involves costs relating to medical expenses and lost wages from injuries, liability for negligence pertains to legal responsibilities for harm caused to others, and property damage to physical buildings concerns the structure itself rather than the electronic data housed within.