Business / Office Insurance
This policy is tailored to provide comprehensive coverage for all the insurance needs of an office. It combines various types of insurance, such as Fire & Allied Perils, Burglary, Money Insurance, Electronic Equipment, Public Liability, and Fidelity Guarantee, which are typically taken as separate policies. This package policy includes seven different covers within a single document:
Section I - Fire and Allied Perils (Mandatory):
Covers buildings, machinery, furniture, fixtures, fittings, electrical installations, and stock against fire and allied risks.
Section II - Business Interruption (Optional):
Protects against financial losses due to interruption or interference with the insured's business activities at specified premises, resulting from loss or damage covered under Section I.
Section III - Machinery Breakdown (Optional):
Provides coverage for unexpected and sudden physical damage to electrical and mechanical appliances, equipment, or gadgets due to electrical or mechanical failure.
Section IV - Electronic Equipment / Appliances (Optional):
Offers protection against loss or damage to:
• IV(A): All electronic equipment, including computers, medical devices, audio/visual equipment, and system software.
• IV(B): External data storage media.
• IV(C): Additional costs incurred due to the interruption of operations.
Section V - Burglary and Housebreaking (Optional):
Covers loss or damage to insured property due to burglary, housebreaking, or hold-up, including damage to the premises caused by these events.
Section VI - Money Insurance (Optional):
Compensates for the loss of money belonging to the insured due to theft, accident, or destruction, as long as it is not excluded under other sections.
Section VII - Plate Glass Insurance (Optional):
Compensates for accidental loss or damage to plate glass within the insured premises.
