Construction and Engineering Insurance Clauses


Additional clauses or additional clauses are extensions of guarantees and also limitations of guarantees containing additional explanations of the standard insurance policy issued. As an experienced insurance broker or insurance consultant for 30 years, this time we will explain the above clause as follows:

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Electronic Data Processing (EDP) is the management of digital databases, usually stored on a shared server and allowing simultaneous access to all parties. There are several distinct advantages to using EDP:

Information stored and managed through EDP can be retrieved almost instantly on a well-maintained internal network or even the Internet.
Summary documents and related materials such as invoices, reports, and statements can be generated automatically and quickly through EDP.
Once the Electronic Data Processing system is created and implemented, over time it reduces data management costs by a significant margin.
Reducing Labor. Duplicate efforts and redundant entries due to manual data entry errors are reduced or eliminated by EDP.
 Elements of Electronic Data Processing
A well-designed and implemented EDP system in a data processing company typically consists of four basic elements:

Hardware: Servers and desktops or terminals used to enter and store data.
Software: Spreadsheets, custom applications, databases, and other pieces of code used to manage and collect data.
Procedures: Coherent and agreed-upon systems for entering and manipulating data, designed to eliminate duplication of data entry and corruption.
The EDP Cycle
In its simplest form, EDP goes through a three-stage cycle:
Input: Data is collected by the system, via keyboard, file upload, or other workflow.
Processing: Data is manipulated in some way, usually automated. This can include translation, formula or code application, or encryption.
Output: Data is then output in a transformed form, either as part of a report or as a translated and modified form.
EDP Equipment
In the broadest sense, any equipment used to enter, process, output, or display data can be considered EDP Equipment. This includes:

Desktops, laptops, tablet computers, terminals or specialised data input devices.
Network equipment, wired or wireless, used to transmit data.
Servers used to store data.
Projectors, printers and other devices used to output processed data.
One of the most common examples of EDP in the modern era is warehouse and logistics stock monitoring. When an order comes in, the data is entered into the system and processed, converted into a picking order and sent to the warehouse. Stock is taken from the shelves (either manually or through an automated system) and the items are subtracted from the database to reflect the new reality in the warehouse itself.
Personnel: Staff are trained to work with EDP, from the entire workforce to a select group.

IMPORTANT NOTE
Addition of CYBER NON-AGGREGATION CLAUSE – NMA 2915 confirms that any risk to any data contained in EDP is not covered by insurance for any reason except to the extent that it is caused by physical damage occurring during the Policy period to the property insured hereby. Policies that are directly caused by the dangers mentioned Listed dangers include fire and explosion. To guarantee other risks can be guaranteed in a separate insurance policy, namely Electronic Equipment Insurance and CYBER ATTACH INSURANCE.

INSURANCE BROKER DUTIES FOR CONSTRUCTION AND ENGINEERING INSURANCE
Each construction tool and machine is unique and has its own risks, and therefore it is important to consult with an insurance broker or insurance broker before processing insurance coverage. Insurance brokers who can help provide input and consideration of the circumstances and risks of each Insurance brokers who specialize in construction are equipment risk experts with specific skills and knowledge. Experience working with many construction and engineering risks provides a unique role and function in the insurance market, they usually have an international insurance professional degree and are registered with the National Professional Certification Agency (BNSP) and some form of experience in the construction and engineering industry.

The special skills possessed by this insurance broker allow contractors or engineers to be confident in receiving input and explanations in understanding insurance clauses and ensuring risks are adequately considered and insured.