Data, Data Systems and Broadcasting Systems
High-tech systems require the cutting edge coverage RLI’s inland marine insurance offers.
The state of the art in insurance protection for data and broadcast technology has advanced as fast as the technology itself. An RLI inland marine policy offers the best coverage for data, data systems and broadcasting systems, as well as outstanding standard inland marine protection and additional coverages.
Coverage
We can offer your insureds the following coverages:
Business Computer Coverage
This policy covers your customers’:
- Standard office computers
- Photocopy or fax machines
- Scanners and other electronic equipment
Both extra-expense and replacement cost valuation are built in. Optional coverage includes:
- Loss of income
- Upgraded value
- Earthquake and flood
Electronic Data Processing Coverage
This coverage is the equivalent of our Business Computer Coverage with all options included. This policy is ideal for:
- Computer centers, including “mainframe” operations
- Telecommunications systems
- Equipment for public telephone companies
Broad coverage is available for protection and control systems as well as reproduction equipment. Covered perils and hazards include:
- Electrical and power supply disturbance
- Mechanical breakdown
- Incompatible hardware & media
- Virus & hacking (regarding hardware, software and income)
Property insured may include onsite, offsite and website servers, as well as leased hardware.
Broadcasting Equipment and Tower Coverage
Radio or TV — whichever the medium — we can provide coverage for:
- Broadcast studio equipment
- Film recordings libraries
- Towers of all varieties
- On-site and off-site satellite dishes
We also enhance our Electronic Data Processing policy to provide coverage for electrical- and power-supply disturbance and virus and hacking coverage, as well as consequential financial losses such as extra expense and loss of income.
Accounts Receivable & Valuable Papers
Help your customers keep their vital records secure — even if copies are available, reproduction costs alone can be substantial. Our coverage protects:
- Financial records
- Legal documents
- Books and various other types of printed materials
This coverage may be included as an extension to other coverage or on a separate, stand-alone basis by RLI.
Additional benefits
Experienced underwriting — Our underwriters are among the most experienced in the industry, which allows us to tailor coverage to your specific needs.
Commitment to loss control — RLI Marine claims experts are committed to helping you reduce loss costs with proven risk control methods.
Financial strength — RLI is rated “A+” (Superior) by A.M. Best and “A” (Strong) by Standard & Poor’s.
Appetite and Coverage Amounts
We want to write all varieties of this highly desirable business, ranging from a standard office computer setup to a communications center or a medical complex. To write coverage on a stand-alone basis, we expect insured values to be over $1MM. Smaller EDP values are often combined with regular contents in our commercial output form, where broader coverage is provided by several special coverage extensions.
Our focus is on risks with insured values per location falling within the range of $1MM to $10MM. Broadcasting towers with values over $1MM are subject to strict underwriting guidelines, depending on susceptibility to ice buildup and/or wind. Each risk is individually underwritten on its own merits.
Target Customers
Information technology acts as the central nervous system for almost all organizations. To write stand-alone coverage, we prefer risks with large mainframe systems or whose data is critical to their daily operations, including radio and television broadcasters, telephone companies, hospitals, and governmental entities.
