Shopkeeper’s Package

Shopkeeper’s Package

Shopkeeper Insurance Policy covers all the probable risks and perils faced by small to medium sized shop owners.It provides protection for the property and the interests of the Insured in the business venture.

Advantages of Shopkeeper’s Package

Property Protection

This comprehensive policy gives protection to your building and content against the risk of fire, explosion, earthquake, impact damage, riots and other natural perils. Loss and damage due to burglary and housebreaking is also covered under this package policy. The electrical, electronic and mechanical equipment breakdown are also covered

Protection for Money

Loss of money in transit between the insured premises and bank and vice versa occasioned by theft, robbery or any other unpredictable event; money in counter and money in safe is covered under this policy so your business will not be interrupted due to these reasons

Liability Cover

This policy will cover you against the legal liability because of third party bodily injury or property damage. Shopkeeper’s package policy will also protect you from the liability towards your Worker Compensation Act 1923 and Fatal Accident Act 1855

Cost-effective

This comprehensive policy is cost-effective. Premium depends on the type of cover you have opted for, condition of the valuables, and provisions taken for keeping the valuables safe. If you have good security measures we lower your premiums appropriately

Query?

FAQ

General Question

Shopkeeper's package insurance policy provide wide range of cover to mitigate the risk to your property and its content. This policy is developed specifically for shopkeepers and covers risks such as fire, burglary, business interruption, accident and third party damage.

As the name indicates, this policy is meant for shops only. This policy can be taken by any small shopkeeper whose building and contents are exposed to some contingencies like plate glass, pedal cycles, money in transit etc. However Restaurants and Coffee shops cannot take this policy.

Sum insured depends upon the different sections you want to cover under the policy. The sum insured can be selected on the basis of market value of the building and also the cost price of the content.

Following perils are covered under the policy:

  • Fire and lightning
  • Bursting of water pipes and tanks
  • Riots and strikes
  • Terrorism
  • Natural disasters

In case you want to file the claim, you must do the following:

  • Take necessary steps to minimize the damage or loss.
  • Inform the insurer within 24 hours of the damage.
  • Inform the police in case of theft and burglary.
  • Inform fire brigade immediately in case of fire.
  • Submit the claim forms and relevant documents to surveyor.