Small Business

Hotel & Restaurant Insurance

• Overview

  Owing a hotel or restaurant has its unique risks. Your equipment and stock are exposed & concentrated in a small space, and with little security. As one of India's leading private sector general insurance company, we understand these unique needs of coverage. That is why we have tailor made a range of insurance solution to carter to most of hotel & restaurant insurance requirements.



• Who can buy?

  This policy provides insurance for all kinds of Hotel & Restaurant



• Cover Includes

  Standard Cover

  Standard Fire & Special Perils Policy

  • 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 ons:
    • Earthquake
    • 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

  

  Optional Covers

  • Burglary
  • Money
    • Money in Safe
    • Money in Transit
    • Money in till / at counter
    • ATM Withdrawal Protection
  • Plate Glass & Neon Signboard
  • Electronic Equipment
  • Machinery Breakdown
  • Portable Equipment
  • Baggage
  • Personal Accident
  • Fidelity Guarantee of employees
  • Public Liability
    • Food & Beverage rider
    • Extra Facility rider
    • Care, Custody and Control rider
    • Act of God rider
  • Workmen's compensation
  • Tenant's Legal Liability
  • Purchase Protection
  • Business Interruption





• Exclusions

  Some Exclusion besides the deductible for respective sections

  
  

  Standard fire & Special peril

  Loss destruction or damage caused by:

  • War or war like operations
  • Ionizing radiations, contaminations by radioactive, nuclear fuels & waste
  • Pollution or contaminations losses
  • Losses of earnings or loss of Market
  
  

  Burglary

  Loss, Destruction or damage caused by:

  • Fire, explosions
  • Inmates or member of the insured households or business staff
  
  

  Money

  Loss caused by:

  • Collusion by any employee or agent of the Insured
  • Use of Keys or duplicate keys
  • Use of counterfeit money

  

  
  

  Plate Glass & Neon Signboard

  Loss, destruction, or damage caused by:

  • Scratches & Cracks
  • Whilst removing, replacing or in course of alteration
  
  

  Electronic Equipment

  Loss, destruction, or damage caused by:

  • Wear & Tear
  • Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative
  
  

  Machinery Breakdown

  Loss, destruction or damage caused by:

  • Willful act or neglect or gross negligence
  • Deterioration or wearing away / out by normal use
  
  

  Portable Equipment

  Loss, destruction or damage caused by:

  • Theft
  • Cracking, scratching
  • Mechanical or electrical derangement/ breakdown
  • Theft from any motor vehicle unless such is a fully enclosed vehicle

  

  
  

  Baggage

  Loss, destruction or damage caused by:

  • Mechanical or electrical derangement / breakdown
  • Loss of money, travel ticket, traveler's cheque
  • Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle
  
  

  Personal Accident

  Liability arising out of

  • Intentional self-injury
  • Suicide
  • Injury accident under influence of alcoholic beverage
  
  

  Public Liability

  Liability arising out

  • Willful or intentional non-compliance of any statutory provision
  • Fines, penalties, punitive and / or exemplary damages
  
  

  Workmen's compensation

  Liability arising out of or related to

  • Employees of the contractor to the insured
  • Occupational disease
  • Medical expense