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Bharti AXA offers a suit of package policies to take care of all your insurance requirements. Be it an Office, Shop or Small and Medium Enterprise (SME) we have the readymade solution for you
About SME Insurance Package Policy for Office, Shop and Other Businesses
Bharti AXA offers a suit of package policies to take care of all your insurance requirements. Be it an Office, Shop or Small and Medium Enterprise (SME) we have the readymade solution for you. Now you can customize your insurance to your business needs with our Smart Plan Package policy.
Types of SME Insurance Package Policy
Smart plan Office Insurance Policy Package
This is a package policy with comprehensive coverage in 13 sections that covers not only loss or damage to property insured but also legal liability to third parties incurred in the course of business at the premises as well as personal accident coverage. This policy is provided to premises occupied as office with maximum sum insured of Rs. 15 crores under Property Damage section.
Smart plan Shop Insurance Policy Package
Our one stop and affordable solution for all small shops with sum insured up to Rs. 5 crores. Coverage in 12 sections (excluding Fire loss of profit) includes loss or damage to property, breakdown of mechanical and electrical appliances in the premises, legal liability to third parties incurred in the course of business at the premises, infidelity and dishonesty of employees and personal accident cover.
Business Insurance Policy Package
Our specially designed package policy that answers all the insurance requirements of SMEs. This policy can be provided to Industrial and Manufacturing units, Hotels, BPO's and Call Centers up to a maximum sum insured of Rs. 100 crores. Coverage includes property damage, business interruption, breakdown of mechanical and electrical items, burglary, infidelity and dishonesty of employees and legal liability to third parties incurred in the course of business at the premises.
About SME Insurance Package Policy for Office, Shop and Other Businesses
What is covered
Section I - Fire and special perils
This section of the policy covers the office building and contents against perils such as fire, earthquake, impact damage, etc. Cover under this section can be extended to include terrorism risk, if you so desire.
Section II - Fire loss of profit
This section covers losses suffered by you due to interruption with the business carried on at the office premises in consequence of loss, destruction or damage caused by perils covered under Section I. It also provides cover for increased business operating expenses following the loss.
Section III - All risks
This section covers all assets, excluding building and incidental stocks, against all risks other than those specifically excluded. Coverage includes fire and allied perils, mechanical and electrical breakdown, accidental breakage and burglary and/or housebreaking. In case you opt for this section, Section I of the policy will cover only buildings and incidental stocks.
What is not covered
Loss or damage due to wear and tear, gradual deterioration or slowly developing flaws
Loss or damage for which the manufacturer or supplier or repairer or transporter or any other third party is responsible either in law or under a contract
Loss of or damage caused by or due to action of any lawfully constituted authority or
Government body
The loss or damage due to war and / or warlike perils, nuclear and / or atomic radiation.
Under insurance- if the actual value of the insured property at the time of loss under the fire is found to be greater than the sum insured chosen, then the claim would be proportionally reduced
