This is a package Policy designed to cater for the complete insurance requirement of an office. Under a single Policy are combined a number of contingencies, which are normally covered as separate pulicies.
Section 1 - Fire Allied Perils - Building and Contents
This Section covers Buildings and contents excluding money and valuables. The perils covered include Fire, Lightning, Explosion, Implosion, Aircraft Damage, Riot, Strike, Malicious Damage, Storm, Cyclone, Typhoon, Tempest, Hurricane, Flood, Inundation, Impact damage due to rail/road vehicle/Animal, Subsidence, Landslide, Rockslide, Bursting and/or overflowing of water tanks, apparatus, pipes, Missile testing operations, Leakage from automatic sprinkler installations, Bush fire and Earthquake. You can avail of the extension towards Terrorism, Loss of Rent and Additional Rent for alternate accommodation under this cover on the payment of additional premium and get yourself secured against these eventualities.
Section 2 - Burglary Robbery
This Section provides indemnity against the loss of or damage to the contents in your premises against the risk of burglary/robbery. Cover is also extended to indemnify you for damage to your premises during burglary/robbery, Loss of money from your safe or strong room and loss of money from cashiers till/counte.
Section 3 - Business Interruption (Fire)
This Section cover loss of gross revenue and increased cost of working for the indemnity period for which you opt to cover, arising out of any perils covered under Section I of this policy. However, any money saved by you during the indemnity period under working expenses and standing charges shall be deducted from the claim amount.
Section 4 - Money Insurance
This Section covers Loss of money while in transit whilst carried by you or your employees, caused during the Policy period by robbery, theft or any other fortuitous event not specifically excluded.
Section 5 - Plate Glass Neon Sign/Glow Sign
This Section covers any Sudden, unforeseen, accidental loss or damage to Plate Glass/Neon Signs/Glow Signs.
Section 6 - Electronic Equipment Insurance
This Section covers Loss or damage to Electronic Equipment caused by unforeseen and sudden accident from any cause other than those specifically excluded. The cover also extends to Loss or damage to External Data Media and/or costs of restoring information and data stored therein.
Section 7 - Breakdown of Business Equipment
This Section covers Loss or damage to Business Equipments by unforeseen and sudden accident from any cause other than those specifically excluded, whilst located in the premises and necessitating its immediate repair or replacement.
Section 8 - Personal Accident
This Section covers compensation for accidental bodily injury directly resulting to the Death or Permanent Total Disability to the insured person as per the Table of Benefits.
Section 9 - Fidelity Guarantee
This section covers direct pecuniary loss sustained by you in consequence of any fraudulent or dishonest act of an Employee
Section 10 - Public Liability
This Section covers Legal liability to pay compensation including the Defense costs incurred by you with our written consent, anywhere in India, in accordance with the Indian law, against
- Third Party Property Damage
- Third Party injury/death
Note: The above are only the salient features of the Policy , for complete terms and conditions please refer to Policy Wordings.