Shopkeeper's Insurance Policy

Universal Sompo's "Shopkeeper's Package Policy" is devised to cater to the overall various exposures of your business as a shopkeeper. We have under one single Policy combined a number of contingencies for your convenience and comprehensive coverage.

Coverage

Section 1 - Fire Allied perils - Building Contents This Section covers
Buildings

Contents excluding money and valuables are covered under this section

The coverage under this Section are against the perils of
Fire
Lightning
Explosion / Implosion
Aircraft Damage
Riot, Strike, Malicious and Terrorism Damage
Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
Impact Damage
Subsidence and Landslide including rock slide
Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
Missile Testing operations
Leakage from Automatic Sprinkler Installations
Bush Fire
Earthquake
Sum Insured for Assets (other than Stocks) must be on Reinstatement Value basis

Section 2 - Burglary Robbery The Section covers loss or damage by actual or attempted burglary and/or robbery during the Policy Period in respect of the following:

Contents or any part thereof whilst kept in the insured premises
Insured premises ( including reasonable costs for damaged locks)
Money contained in Safe or Strong Room
Money from cashier's till and/or counter

Section 3 - Money in Transit This Section will indemnify you in respect of money in transit, carried by you or your authorized employee(s), occasioned by theft, robbery or any other fortuitous event.

Section 4 - Plate Glass and Neon Signs/Glow Signs This Section covers:
Accidental loss of damage to Plate Glass/Neon Signs/Glow Signs

Damage to frame and framework of any description following breakage of Glass and/or Neon Boards/glow signs subject to a maximum of Rs 5000/-

The cost of tinting, lettering, painting, embossing, silvering or any other ornamental work on the replacement glass, provided that such costs have been included in the Sum Insured of the glass under this Section

Section 5 - Electronic Equipment This Section covers:
Loss or damage to Electronic Equipment due to perils unless otherwise excluded
Loss or damage to External Data Media and/or costs of restoring information and data stored therein

Section 6 - Breakdown of Business Equipment's The Section covers the business appliances/ apparatus such as Air Conditioners, Freezers etc. against unforeseen and sudden physical damage caused by or solely due to mechanical or electrical breakdown.

Section 7 - Personal Accident This Section covers Bodily injury to you or your employees named in the Policy resulting to the death or disablement leading to:
Loss of sight
Physical separation of or loss of ability to use both hands or both feet
Physical separation of or loss of ability to use one hand and/or both feet
Loss of sight of one eye and physical separation of or loss of ability to use either one hand or one foot
Permanent Total disablement

Section 8 - Fidelity Guarantee This Section covers you against any direct pecuniary loss caused by act of fraud or dishonesty committed by any salaried person employed by you in the insured premises.

Section 9 - Public Liability This Section covers you against legal liability including the Defense costs incurred by you against:
Third Party Property Damage
Third Party injury/death
Caused in the course of the Business by an accident in your business premises if notified during the Policy Period.

Section 10 - Workmen's Compensation This Section provides you cover against liability towards your Workmen under the Workmen's Compensation Act, Fatal Accident Act and at Common Law.

Section 11 - Business Interruption This Section covers your financial losses due to business interruption arising out of any of the perils covered under Section 1 of the Policy.