Small Business

Package Policy

In today's world business owners work around the clock to keep ahead of competition, win businesses, handle staff and manage administration. They have little time to think about managing all the risks involved. This policy offers risk solutions suitable to most of small enterprises "All" insurance requirements.

• Who can buy?

  This policy provides insurance for a host of risks. It may include,

  • Industrial Manufacturing Units
  • Other Trading Units
• Insurance Covers Offered:Standard Fire and Special Perils Policy
  • Fire
  • Add on Covers
    • Earthquake
    • Terrorism
    • Removal of Debris (in excess of 1% of TSI)
    • Architect, Surveyors and consulting engineers fees (in excess of 3% of TSI)
    • Loss of Rent (For owner occupied building)
    • Insurance of additional expenses of rent for an alternative accommodation



Other Covers

• Burglary (First Loss / Total Loss)
• Money in safe
• Money in Transit (First Loss / Total Loss)
• Public Liability
• Workmen Compensation
• Portable Equipment
• Electronic Equipment
• Machinery Breakdown
• Plate Glass / Neon SignBoard
• Baggage
• Employee Fidelity

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• What is excluded?

  Standard Fire and Special Perils Policy

  Loss, destruction or damage caused by:

  
  
  1. War or war like operations;
  2. Ionising radiation, contamination by radioactivity, nuclear fuels or waste;
  3. Pollution or contamination losses;
  4. Loss of earnings or loss of market

  Burglary

  Loss, destruction or damage caused by:

  
  
  1. Fire or explosions;
  2. Inmates or member of the insured's household or business staff;

  Electronic Equipments

  Loss, destruction or damage caused by

  
  
  1. Wear and Tear
  2. Faults or defects existing at the time of commencement of insurance within the knowledge of insured or his representative

  Portable Equipments

  Loss, destruction or damage caused by / through:

  
  
  1. Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
  2. Detention or confiscation by customs or other authorities;
  3. Consequential losses or legal liability of any kind.

  

  Machinery Breakdown

  Loss, destruction or damage caused by / through:

  
  
  1. Willful act or neglect or gross negligence
  2. Deterioration or wearing away / out by normal use.

  Money

  Loss, destruction or damage caused by

  
  
  1. Collusion by any employee or agent of the insured
  2. Use of keys or duplicate keys.
  3. Use of counterfeit money;

  Plate Glass & Neon Signs

  Loss, destruction or damage caused by

  
  
  1. Scratches and cracks;
  2. Whilst removing, replacing or in course of alteration.

  Workmen's Compensation:

  Liability arising out of:

  
  
  1. Willful or intentional non compliance of any statutory provision;
  2. Fines, penalties, punitive and / or exemplary damages
  
  

  For More Details