Comprehensive Cellular Network Commercial Insurance | Protect Your Telecom Business

The days when cellular networks were used only for voice calls have long gone. Because of the latest mobile phones and enhanced networks, there has been a tremendous increase in data traffic on the web, and consequently, advanced, sophisticated smartphones and several technologies have been developed.

Technologies associated with mobile phones and network service providers include:

2G: 2G, short for second-generation cellular technology, was commercially launched on GSM (Global System for Mobile) standard

3G: 3G, short for third-generation data transmission services, deliver high-speed data rates (equivalent to standard broadband networks) 

4G: 4G, short for fourth-generation data transmission services, deliver high-speed data rates (equivalent to high-speed broadband networks) 

GPS: GPS or Global Positioning System helps find out the exact location of a device 

SMS: SMS, an acronym for Short Messaging Service, is a form of communication via text messages using phones. 

Because of increasing demand for speed, we moved from 2G to 3G, then from 3G to 4G, and commercial rollout for 5G (fifth generation of wireless networks) have begun this year. The new 5G assures a new generation of cellular communications and all-over connectivity. However, along with this new era of high-speed connectivity, there comes a set of new vulnerabilities and malevolent possibilities. This has made security professionals intensely zone in on identifying and overcoming these.

Cellular Network Insurance Policy offers smooth and continual cover to businesses in the telecom sector. It provides coverage for facilities, including offices, storage locations, outlets that sell relevant materials, workshops, billing centers, and routing & switching centers.

Disadvantages of Cellular Technology

Although cellular technologies offer businesses a multitude of benefits, it is important to consider potential drawbacks. For instance:

1. The price for mobile phones and network service providers’ charges are enormous

2. Data services might be pricey to use, especially for streaming rich/HD videos.

3. Mobile network speeds haven’t increased as swiftly as foreseen.

What Does This Policy Cover?

The Cellular Network Insurance cover includes, but is not limited to :

1.  Material damage or loss because of accidents such as fire, water, Act of God (like flood and storm), strike, burglary & theft, and electrical short circuit

2.  Manufacturing discrepancies and material defects, and over-voltage induction

3.  Acts of God such as Storm, earthquake, tycoons, Hurricanes, tornadoes, and landslide

4.  Inadequate training, improper handling, and operational errors

5.  Deliberate damage by employees, third parties, and agents

6.  Loss of data owing to accidental damage

7.  Loss of total profit because of physical damage

8.  Strike, riot or civil commotion

What Does This Policy Does Not Cover?

 This policy does not include the following:

1.  Wear and tear

2.  Equipment such as consumables and cellular phones 

3.  Boilers, turbines, and pressure vessels against rupture or explosion 

4.  Cash, bullion, precious gemstones, documents, property, and construction plant,

5.  Losses included in AMC

6.  Intentional activities, supplementary cost of alterations 

7.  Non-adherence to laws

8.  Mental impairment, fines/ penalties, infringement of rights, and prior losses,

9.  Deliberate misconduct, insufficient/ unsuitable packing, delay, war & associated perils, and terrorism. 

10. Robbery and burglary and more