Menu Close

What does EDP mean insurance?

What does EDP mean insurance?

Electronic data processing (EDP) insurance covers damage to computers, media, and data. This coverage is important if your business depends on computers to carry out its day-to-day operations. It fills many of the gaps that exist in standard commercial property policies with regard to electronic equipment.

What is the meaning of electronic data processing?

Electronic data processing (EDP) can refer to the use of automated methods to process commercial data. Typically, this uses relatively simple, repetitive activities to process large volumes of similar information. 1960, to distinguish human clerical data processing from that done by computer.

What are the examples of electronic data processing?

Examples of EDP equipment include:

  • Desktop, laptop and tablet computers.
  • Smart phones.
  • Servers, hard drives and monitors.
  • Network-connected printers and copiers.
  • 911/dispatch systems.
  • Electronic voting equipment, 800 MHz/ARMER equipment.
  • GPS and GIS systems.
  • Survey equipment.

What is EDP work?

EDP (electronic data processing), an infrequently used term for what is today usually called “IS” (information services or systems) or “MIS” (management information services or systems), is the processing of data by a computer and its programs in an environment involving electronic communication.

What is data processing and examples?

Everyone is familiar with the term “word processing,” but computers were really developed for “data processing”—the organization and manipulation of large amounts of numeric data, or in computer jargon, “number crunching.” Some examples of data processing are calculation of satellite orbits, weather forecasting.

How many times can you take the EDPT?

Retaking the EDPT Once the EDPT has been taken, you cannot re-test for a period of six months. MEPS commanders may authorize an immediate retest when original tests were administered under adverse conditions (i.e., undue distractions).

What are the steps of electronic data processing?

Six stages of data processing

  • Data collection. Collecting data is the first step in data processing.
  • Data preparation. Once the data is collected, it then enters the data preparation stage.
  • Data input.
  • Processing.
  • Data output/interpretation.
  • Data storage.

What are the disadvantages of electronic data processing?

Disadvantages of Electronic Data Processing

  • Electronic form of data is susceptible to hacking attempts. Increased cases of cyber crimes makes it important and essential to think about data security and access control.
  • You might be required to keep data in encrypted form.

What kind of insurance do you need for Electronic Data Processing?

Electronic data processing (EDP) insurance covers damage to computers, media, and data. This coverage is important if your business depends on computers to carry out its day-to-day operations. It fills many of the gaps that exist in standard commercial property policies with regard to electronic equipment. EDP coverage goes by several names.

What is the definition of data processing insurance?

Definition. Typically includes coverage for perils to which such property is especially susceptible: mechanical breakdown, electrical injury, and changes in temperature and humidity. Also referred to as “electronic data processing” or “EDP” coverage.

What are the covered costs of electronic equipment insurance?

This sum insured depends on the equipment to be insured For external data device, replacement cost of empty data media and cost of reproducing the lost data are covered For substituted employment of additional workers, personal expenses and the transportation costs come under the sum insured

Which is covered under the Electronic Data Processing ( EDP ) form?

Computer programs, software, and data are also covered under EDP forms. Software generally includes systems software, applications software, and proprietary programs. The term media means devices on which data are stored. Examples are discs, drums, and tapes. Some policies include “media” as a separate category of covered property.

What does EDP mean insurance?

What does EDP mean insurance?

Electronic data processing (EDP) insurance covers damage to computers, media, and data. This coverage is important if your business depends on computers to carry out its day-to-day operations. It fills many of the gaps that exist in standard commercial property policies with regard to electronic equipment.

What is considered electronic data processing?

Electronic data processing equipment is tangible hardware that accumulates, processes and stores data. Computers, laptops, tablets, phones, servers, mainframes and networks are all examples of EDP equipment.

What are some examples of EDP?

Examples of EDP equipment include:

  • Desktop, laptop and tablet computers.
  • Smart phones.
  • Servers, hard drives and monitors.
  • Network-connected printers and copiers.
  • 911/dispatch systems.
  • Electronic voting equipment, 800 MHz/ARMER equipment.
  • GPS and GIS systems.
  • Survey equipment.

What is electronic data processing explain with example?

Electronic data processing is a generic term that signifies the gathering, intelligent analysis, and manipulation of data that is put to work. Warehouse stock monitoring and logistics system is one of the most common examples of EDP in the modern age.

How many times can you take the EDPT?

Retaking the EDPT Once the EDPT has been taken, you cannot re-test for a period of six months. MEPS commanders may authorize an immediate retest when original tests were administered under adverse conditions (i.e., undue distractions).

What insurance covers valuable papers?

Valuable papers insurance is a special type of property-casualty insurance. Valuable papers insurance reimburses the policyholder for the monetary value of any valuable papers such as wills, trusts, or corporate charters that are lost for any reason, though it cannot actually replace these papers.

What are the types of electronic data processing?

Electronic data processing methods

  • online processing.
  • real time processing.
  • distributed processing.
  • Time sharing.
  • Batch processing.
  • multiprocessing.
  • multitasking.
  • interactive processing.

Is an electronic data processing machine?

The computer is also known as Electronic Data Processing Machine. Electronic Data Processing is the fastest and best available method with highest reliability and accuracy. Technology used is the latest as this method uses computers. Processing can be done through various programs and predefined set of rules.

What are the advantages and disadvantages of electronic data processing?

Accuracy: EDP gathers accurate information accuracy depends on the EDP tool. Less expensive: EDP tools are very easily available and also takes low maintenance. Storage capacity: It provides various storage media like secondary and primary memory. Automation: EDP system avoid human work during the process.

What kind of insurance do you need for Electronic Data Processing?

Electronic data processing (EDP) insurance covers damage to computers, media, and data. This coverage is important if your business depends on computers to carry out its day-to-day operations. It fills many of the gaps that exist in standard commercial property policies with regard to electronic equipment. EDP coverage goes by several names.

What is the definition of data processing insurance?

Definition. Typically includes coverage for perils to which such property is especially susceptible: mechanical breakdown, electrical injury, and changes in temperature and humidity. Also referred to as “electronic data processing” or “EDP” coverage.

Why is EDP insurance important for your business?

Updated July 24, 2019. Electronic data processing (EDP) insurance covers damage to computers, media, and data. This coverage is important if your business depends on computers to carry out its day-to-day operations. It fills many of the gaps that exist in standard commercial property policies with regard to electronic equipment.

What are the covered costs of electronic equipment insurance?

This sum insured depends on the equipment to be insured For external data device, replacement cost of empty data media and cost of reproducing the lost data are covered For substituted employment of additional workers, personal expenses and the transportation costs come under the sum insured