This policy provides coverage against a range of risks and perils faced by small to medium-sized shop owners, protecting the property and interests of the insured in their business operations. It includes 11 different sections:
Section I - Building & Contents:
Covers the shop building and contents against loss or damage from fire and allied perils, such as:
• Fire, lightning, or gas explosion in domestic appliances
• Bursting or overflowing of water tanks or pipes
• Damage caused by aircraft or falling objects
• Riot, strike, malicious damage, terrorist activities
• Earthquake, subsidence, and landslide (including rockslide)
• Flood, inundation, storm, tempest, typhoon, hurricane, tornado, or cyclone
• Impact damage by rail/road vehicles not owned by the insured
Section II - Burglary & Housebreaking:
Protects the contents of the shop (excluding money and valuables) against loss or damage from burglary or housebreaking.
Section III - Money Insurance:
Covers the loss of money in transit, in a locked safe, or in a cashier’s till/counter due to burglary or housebreaking.
Section IV - Pedal Cycles:
Protects pedal cycles against:
• Fire, lightning, or explosion
• Riot, strike, malicious or terrorist acts
• Burglary, housebreaking, or theft
• Accidental external damage
• Natural events like floods, storms, or earthquakes
Also covers legal liability for injury, death, or damage to third parties caused by the insured’s pedal cycles.
Section V - Plate Glass:
Covers accidental loss or damage to fixed plate glass in the insured's shop.
Section VI - Neon Sign/Glow Sign:
Provides coverage for loss or damage to neon or glow signs due to:
• Accidents
• Fire, lightning, or explosions
• Theft
• Riot, strike, malicious or terrorist acts
• Natural calamities like floods or cyclones
Section VII - Baggage:
Covers accidental loss or damage to personal or business-related baggage of the insured while anywhere in India.
Section VIII - Personal Accident:
Offers coverage for the insured, their spouse, and/or children (aged 5-70 years) against bodily injury due to an accident, resulting in death, permanent or temporary disablement.
Section IX - Fidelity Guarantee:
Protects against financial loss due to fraud or dishonesty committed by salaried employees.
Section X - Public Liability:
Covers legal liability for accidental death, injury, or property damage to third parties during business operations, and provides compensation under the Workmen's Compensation Act or Common Law.
Section XI - Loss of Profit:
Compensates for loss of profit due to business interruption following damage to property covered under Section I of the policy due to insured perils.
