Shop Insurance

You Have Been An Active Participant In The Booming Indian Retail Sector. With Your Sheer Hard Work You Have Built This Business That Is Reaping Benefits For You In The Consumption Era. While You May Love What You Have Created, It Is Important To Ask Yourself One Question: "Have I Ever Thought Of Insuring It Against The Threats That May Impact My Earning"

Tata AIG General Insurance Company Limited's Shop Insurance, A Complete Insurance Package That Has Been Specially Designed Keeping In Mind The Insurance Needs Of Your Shop.

Key Features
It is a one touch insurance solution that covers you and your business from threats like, fire, malicious damage, riot, earthquake, burglary, damage to property etc.

Standard Fire and Special Perils: Covers your property against loss or damage due to
Fire
Lightning Explosion / Implosion
Aircraft damage
Riot strike and malicious damage
Storm, cyclone, typhoon, tempest hurricane, tornado, flood and inundation
Impact damage due to rail road vehicle or animal not belonging to insured, Subsidence and landslide including rockslide
Bursting and/or overflowing of water tanks apparatus and pipes
Missile testing operations
Leakage from automatic sprinkler installations &
Bush fire

Additional in built covers: (At no cost to you)
Expense incurred on debris removal up to 1% of claim amount
Expense incurred on Architects surveyors and consulting engineers fees up to 3% of claim amount

ADD ONS
Terrorism cover
Expense incurred on debris removal in excess of 1% of claim amount
Expense incurred on Architects surveyors and consulting engineers fees in excess of 3% of claim amount
Additional expense of rent for an alternative accommodation
Loss of rent

Benefits
The following optional covers are available:

Burglary: Covers all contents (covered under Standard Fire & Special perils) against Burglary or Housebreaking (theft following upon an actual forcible and violent entry of or exit from the premises), or Holdup including Robbery

Money in Safe: Covers loss of money (cash, bank notes, currency notes / coins, bank drafts, cheques, postal orders, money orders, treasury notes, current postage and revenue stamps) belonging to the business of the insured whilst securely kept in the insured premises and loss or damage to any safe, strong room or cash box securing money

Money in Transit: Covers loss of money belonging to the business of the insured whilst in transit between the business premises and / or premises of insured's bankers and / or locations or specified

Electronic Equipment: Covers electronic equipment's (e.g. computers, printers, fax, UPS) etc., against any unforeseen sudden physical loss or damage unless excluded specifically

Portable equipment's: Covers portable equipment's e.g. laptops etc.., against any loss, destruction or damage by Fire, Riots and strikes, Theft by visible physical forcible and violent means and accidental occurrence unless excluded specifically

Machinery breakdown: Provides cover for unforeseen and sudden physical damage due to electrical or mechanical breakdown e.g. air conditioners, refrigerators, photocopying machines

Plate Glass: Covers loss or damage to the Plate glass completely and securely fixed in the insured premises by accidental means

Neon Sign: Covers loss or damage to the neon / glow sign securely fixed in the insured premises by accidental means including Fire, Riot and strikes

Workmen's Compensation: Covers You for your liability under the Workmen's Compensation Act' 1923 and /or Fatal accidents Act'1855 and Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment

Personal Accident: Cover death / disability caused to your employees due to sudden, unforeseen, uncontrollable and unexpected physical event caused by external, violent and visible means

Public liability: Protects You against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the Insured

Fidelity Guarantee: Insures You against direct financial loss due to fraud or dishonesty of the employee.

Who should buy?
This policy provides insurance for all kinds of shops:
Small and Medium sized Shops including kirana stores
Convenience stores
Shopping Malls

Exclusions
Some Exclusion besides the deductible for respective sections

Standard fire & Special peril: Loss, destruction or damage caused by
War or war like operations
Ionizing radiations, contaminations by radioactive, nuclear fuels or waste
Pollution or contaminations losses
Losses of earnings or loss of Market

Burglary: Loss, Destruction or damage caused by:
Fire or explosions
Inmates or member of the insured's household or business staff

Electronic Equipment: Loss, destruction, or damage caused by
Wear & Tear
Faults or detects existing at the time of commencement of insurance within the knowledge of insured or his representative

Portable Equipment: Loss, destruction or damage caused by
Portable Equipment: Loss, destruction or damage caused by Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth vermin, insects or any other gradually occurring cause;
Detention or confiscation by customs or other authorities
Consequential losses or legal liability of any kind

Machinery Breakdown: Loss, destruction or damage caused by
Willful act or neglect or gross negligence
Deterioration or wearing away / out by normal use

Money: Loss caused by
Collusion by any employee or agent of the Insured
Use of keys or duplicate keys
Use of counterfeit money

Plate Glass & Neon Signboard: Loss, destruction, or damage caused by
Scratches & Cracks
Whilst removing, replacing or in course of alteration

Workmen's compensation: Liability arising out of:
Willful or intentional non compliance of any statutory provision
Fines, penalties, punitive and / or exemplary damages

Baggage: Loss, destruction or damage caused by:
Mechanical or electrical derangement / breakdown
Loss of money, travel ticket, traveler's cheque
Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

Personal Accident: Liability arising out of : Intentional self-injury
Suicide
Injury accident under influence of alcoholic beverage

Public Liability: Liability arising out :
Willful or intentional non-compliance of any statutory provision
Fines, penalties, punitive and / or exemplary damages