Shop Insurance

It is a one touch insurance solution that covers you and your business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc.

Standard Fire and Special Perils: Covers your property against loss or damage due to

• Fire
• Lightning Explosion / Implosion
• Aircraft damage
• Riot strike and malicious damage
• Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
• Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
• Bursting and/or overflowing of water tanks apparatus and pipes
• Missile testing operations
• Leakage from automatic sprinkler installations &
• Bush fire

Additional in built covers: (At no cost to you)

• Expense incurred on debris removal up to 1% of claim amount
• Expense incurred on Architects surveyors and consulting engineers fees up to 3% of claim amount

ADD ON(s)

• Terrorism cover
• Expense incurred on debris removal in excess of 1% of claim amount
• Expense incurred on Architects surveyors and consulting engineers fees in excess of 3% of claim amount
• Additional expense of rent for an alternative accommodation
• Loss of rent

The following optional covers are available:

• Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery
• Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money
• Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified
• Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) e.t.c., against any unforeseen sudden physical loss or damage unless excluded specifically
• Portable equipments: Covers portable equipments e.g. laptops e.t.c., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically
• Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. airconditioners, refrigerators, photocopying machines
• Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means
• Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes
• Workmen's Compensation: Covers You for your liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
• Personal Accident: Cover death / disablity caused to your employees due to sudden, unforseen, uncontrollable and unexpected physical event caused by external, violent and visible means
• Public liability: Protects You against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
• Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured
• Fidelity Guarantee: Insures You against direct financial loss due to fraud or dishonesty of the employee.

This policy provides insurance for all kinds of shops:

• Small and Medium sized Shops including kirana stores
• Convenience stores
• Shopping Malls