Final answer:
EDP Insurance is tailored to cover risks specific to electronic data processing, protecting against physical damage to hardware, data loss, and software malfunctions.
Step-by-step explanation:
Understanding EDP Insurance
EDP (Electronic Data Processing) Insurance is designed to provide coverage for the risks that are specific to electronic data processing. This includes coverage for physical damages to hardware, but also encompasses protection for data and software. EDP insurance policies can be tailored to cover equipment, data loss or corruption, and additional expenses incurred due to the loss of EDP equipment or data.
Option B, stating that EDP Insurance is specific to electronic data processing, succinctly captures the essence of what EDP Insurance is intended for. Unlike a general commercial property insurance policy, EDP Insurance addresses the unique needs of businesses that rely heavily on computer systems and electronic data, ensuring continued operation in the event of unforeseen damages or losses.