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What is Commercial Insurance
Commercial Insurance gives you additional options when an emergency threatens to destabilize your business. It can form the foundation of a strong, future-ready business that is capable of turning business risks into new opportunities for growth. Universal Sompo General Commercial Insurance empowers you to take business decisions with confidence. Don’t you think it is time to put your business on the highway to success? Universal Sompo General Commercial Insurance solutions are ideal to power your growth. Here’s the areas we cover under commercial Insurance.
Farmer's Package
Policy
Shopkeeper's
Insurance Policy
Employee’s Compensation
Insurance Policy
Office Package
Policy
All Risk Insurance
Policy
Bharat Laghu
Udyam Suraksha
Get Commercial Insurance
For You
Farmer's Package Policy
Farmer's Package Policy is designed to take care of the insurance needs of a Farmer. It covers both the personal assets of the farmer like the dwelling & its contents both against Fire & Theft. Show MoreShow Less
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Policy Wording Jewellers Comprehensive Insurance Policy
Jewellers Comprehensive Insurance Policy is designed to meet the insurance needs of jeweller's and other establishments dealing in diamonds, precious stones. Show MoreShow Less
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Burglary Insurance Policy
Burglary Policy stocks and contents owned by you or for which you are responsible or held in trust and/or commission at the insured premises. It also covers cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard on specific request. Show MoreShow Less
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Employee’s Compensation Insurance Policy
The Indian Workmen's Compensation Act 1923 provides for the payment of compensation by the employer to his employees if personal injury is caused to them by accidents arising out of and in the course of their employment. Show MoreShow Less
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Fidelity guarantee Insurance Policy
The Policy can be availed by any employer having employees handling any goods and/or money. Cover will be granted to only those employers having proper system for keeping records of all transactions. Show MoreShow Less
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Money Insurance
This Policy protects industrial and business establishments against loss of Money whilst carried by employees or authorized persons from one place to another, it does not cover Money on counter during business hours and kept in locked safe out of business hours. Show MoreShow Less
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All Risk Insurance Policy
All Risk Policy is a product designed to cover your valuable movable equipments like laptops, mobile phones, handi-cams, jewellery, and the like which do not remain confined to your own home and are exposed not only to natural perils but also to perils such as theft, snatching, etc. Show MoreShow Less
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Standard Fire and Special Perils Policy
Fire insurance Policy covers all immovable and movable property located in a particular premise such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or on commission. Show MoreShow Less
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Bharat Griha Raksha
Bharat Griha Raksha policy that You can purchase from Us, i.e. Universal Sompo General Insurance Company Ltd. The Bharat Griha Raksha Policy provides insurance cover for Your Home Building, and/or Home Contents. Show MoreShow Less
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Bharat Sookshma Udyam Suraksha
The Bharat Sookshma Udyam Suraksha Policy provides insurance cover for physical loss or damage to, or destruction of, Insured Property relating to Your business. Show MoreShow Less
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Bharat Laghu Udyam Suraksha
The Bharat Laghu Udyam Suraksha Policy provides insurance cover for physical loss or damage to or destruction of Insured Property relating to Your business. Show MoreShow Less
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Marine Cargo Open Transit (Inland & Import/Export) Policy
Marine Cargo Policy covers goods (machinery, raw materials, finished goods etc) during transit under a contract of affreightment. Show MoreShow Less
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Machinery Breakdown Policy
Machinery Breakdown Policy covers Mechanical and Electrical Machinery and/or equipments owned by you or for which you are responsible or huld in trust and/or commission at the insured premises. Show MoreShow Less
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Electronic Equipment Insurance
Electronic Equipment Insurance Policy covers Electronic equipments owned by you or for which you are responsible Show MoreShow Less
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Contractors All Risk Insurance
Contractors All Risk Insurance Policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specifically excluded perils and subject to the terms and conditions of the Policy. Show MoreShow Less
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Erection All Risk Insurance
Erection All Risks (EAR) insurance offers protection to principal and contractors and also to manufacturers and suppliers erecting machinery and plant etc. against financial loss due to any sudden fortuitous and unforeseen causes resulting in loss or damage to the property insured at the project site whilst being stored, erected, tested and commissioned. Show MoreShow Less
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Boiler and Pressure Plant Insurance
Boiler Pressure Plant Policy covers Boiler & Pressure vessel installed at your premises against risk of Explosion, Implosion and Cullapse. It can be extended to cover third party liability and other specified risks. Show MoreShow Less
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Industrial All Risk Insurance
The IAR policy is a true 'All Risks Policy' for operational risks. It is more competitive as compared to the present named perils operational pulicies which have a limited scope of cover. In an 'All Risks' cover all fortuitous mishaps are insured barring a few named exclusions. Show MoreShow Less
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Public Liability (Act) Insurance Policy
Public Liability (Act) Insurance Policy insurance Policy broadly covers the Owner's statutory liability on no-fault principle for death or injury to any person or damage to property resulting from an accident while handling any hazardous substance Show MoreShow Less
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Public Liability (Industrial & Storage Risks)
The policy will indemnify the insured against the legal Liabiility to pay compansation including climant cost, fees , expenses anywhere in india in accordance with Indian Law. Show MoreShow Less
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Comprehensive Operational Large Risk Policy
The scope of this product to cover large manufacturing unit where the expected Sum Insured combining Material Damage and Business Interruption cover is over and above Rs.2500 crores, in one or more locations across India and single location sum insured is more than 2500 Crs as well. The policy is all risk in nature with named exclusion. This product is specially designed to cater the needs of any large corporate house with global presence. The product is all risk in nature and can be used by industries such as automobile, steel, & chemical manufacturing, to cover most of the risks associated with their operations. Show MoreShow Less
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Cattle Insurance policy
Cattle & Live Stock the bread & butter for billions of farmers in India Insurance policy covers animals such as Milch cows, Buffaloes, Studs, Bullocks, Sheep & Goats owned by you and which are used for commercial and/or or for personal purposes against the risk of permanent total disablement or death due to accident and /or any diseases which the animal may contact during the policy period. Show MoreShow Less
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Burglary Insurance Policy
Burglary Policy stocks and contents owned by you or for which you are responsible or held in trust and/or commission at the insured premises. It also covers cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard on specific request. Show MoreShow Less
Know MoreDownloads
Fidelity guarantee Insurance Policy
The Policy can be availed by any employer having employees handling any goods and/or money. Cover will be granted to only those employers having proper system for keeping records of all transactions. Show MoreShow Less
Know MoreDownloads
Money Insurance
This Policy protects industrial and business establishments against loss of Money whilst carried by employees or authorized persons from one place to another, it does not cover Money on counter during business hours and kept in locked safe out of business hours. Show MoreShow Less
Know MoreDownloads
All Risk Insurance Policy
All Risk Policy is a product designed to cover your valuable movable equipments like laptops, mobile phones, handi-cams, jewellery, and the like which do not remain confined to your own home and are exposed not only to natural perils but also to perils such as theft, snatching, etc. Show MoreShow Less
Know MoreDownloads
Standard Fire and Special Perils Policy
Fire insurance Policy covers all immovable and movable property located in a particular premise such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or on commission. Show MoreShow Less
Know MoreDownloads
Bharat Griha Raksha
Bharat Griha Raksha policy that You can purchase from Us, i.e. Universal Sompo General Insurance Company Ltd. The Bharat Griha Raksha Policy provides insurance cover for Your Home Building, and/or Home Contents. Show MoreShow Less
Know MoreDownloads
Bharat Sookshma Udyam Suraksha
The Bharat Sookshma Udyam Suraksha Policy provides insurance cover for physical loss or damage to, or destruction of, Insured Property relating to Your business. Show MoreShow Less
Know MoreDownloads
Bharat Laghu Udyam Suraksha
The Bharat Laghu Udyam Suraksha Policy provides insurance cover for physical loss or damage to or destruction of Insured Property relating to Your business. Show MoreShow Less
Know MoreDownloads
Industrial All Risk Insurance
The IAR policy is a true 'All Risks Policy' for operational risks. It is more competitive as compared to the present named perils operational pulicies which have a limited scope of cover. In an 'All Risks' cover all fortuitous mishaps are insured barring a few named exclusions. Show MoreShow Less
Know MoreDownloads
Comprehensive Operational Large Risk Policy
The scope of this product to cover large manufacturing unit where the expected Sum Insured combining Material Damage and Business Interruption cover is over and above Rs.2500 crores, in one or more locations across India and single location sum insured is more than 2500 Crs as well. The policy is all risk in nature with named exclusion. This product is specially designed to cater the needs of any large corporate house with global presence. The product is all risk in nature and can be used by industries such as automobile, steel, & chemical manufacturing, to cover most of the risks associated with their operations. Show MoreShow Less
Know MoreDownloads
Cattle Insurance policy
Cattle & Live Stock the bread & butter for billions of farmers in India Insurance policy covers animals such as Milch cows, Buffaloes, Studs, Bullocks, Sheep & Goats owned by you and which are used for commercial and/or or for personal purposes against the risk of permanent total disablement or death due to accident and /or any diseases which the animal may contact during the policy period. Show MoreShow Less
Know MoreDownloads
Machinery Breakdown Policy
Machinery Breakdown Policy covers Mechanical and Electrical Machinery and/or equipments owned by you or for which you are responsible or huld in trust and/or commission at the insured premises. Show MoreShow Less
Know MoreDownloads
Electronic Equipment Insurance
Electronic Equipment Insurance Policy covers Electronic equipments owned by you or for which you are responsible Show MoreShow Less
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Contractors All Risk Insurance
Contractors All Risk Insuranceb Policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specifically excluded perils and subject to the terms and conditions of the Policy. Show MoreShow Less
Know MoreDownloads
Erection All Risk Insurance
Erection All Risks (EAR) insurance offers protection to principal and contractors and also to manufacturers and suppliers erecting machinery and plant etc. against financial loss due to any sudden fortuitous and unforeseen causes resulting in loss or damage to the property insured at the project site whilst being stored, erected, tested and commissioned. Show MoreShow Less
Know MoreDownloads
Employee’s Compensation Insurance Policy
The Indian Workmen's Compensation Act 1923 provides for the payment of compensation by the employer to his employees if personal injury is caused to them by accidents arising out of and in the course of their employment. Show MoreShow Less
Know MoreDownloads
Public Liability (Act) Insurance Policy
Public Liability (Act) Insurance Policy insurance Policy broadly covers the Owner's statutory liability on no-fault principle for death or injury to any person or damage to property resulting from an accident while handling any hazardous substance Show MoreShow Less
Know MoreDownloads
Farmer's Package Policy
Farmer's Package Policy is designed to take care of the insurance needs of a Farmer. It covers both the personal assets of the farmer like the dwelling & its contents both against Fire & Theft. Show MoreShow Less
Know MoreDownloads
Benefits of Commercial
Insurance
In business, risks represent new opportunities for growth and expansion. With Commercial Insurance, you can take calculated risks that help you succeed. Thankfully, there are different types of Commercial Insurance that can guarantee peace of mind and ensure sleep without any stress. Here are the benefits of Commercial Insurance are listed below.
It’s time to give yourself complete protection Get Commercial Insurance.
Fire
- Faulty electrical wiring causes a fire to break out in your store. It took a while to be put out, leaving products,equipment, and furniture destroyed in its wake. The total losses amounted to X before the fire was put out. The repairs on the property itself would cost around Y.
- Commercial property insurance will cover for the total repair and replacement costs associated with property damage in this scenario that totals to X+Y subject to terms & conditions of policy wording .
It’s time to give your complete protection Get Commercial Insurance.
Theft
- Your office space was burglarized Valuable office equipment was stolen from the premises overnight and an investigation is still under way. The total losses amount to A.
- Your commercial property insurance will cover the cost of the lost equipment A subject to terms & conditions of policy wording .
It’s time to give your complete protection Get Commercial Insurance.
Employee’s Compensation
- Sometimes a worker may suffer an injury on the job. Because workers’ compensation insurance covers the worker, he or she will be able to get financial compensation to pay for medical care. For e.g. Machinery accidents are still some of the most common injuries that occur in the workplace. Most jobs require the use of the machinery and those with construction or factory jobs are at higher risk of injury from getting crushed.