This
policy offers protection against loss/damage to the following:
- Persons
against accidents
- Building
and its contents
- Cash
in Transit
- Fidelity
Guarantee for employees
- Legal
Liability
This policy
is applicable to any shopkeeper, exposed to the above contingencies.
Perils
Covered:
Building
Fire lightning, riot & strike or malicious act terrorist act, earthquake
storm, tempest flood inundation.
Contents
Fire lightning, riot & Strike or Malicious act terrorist act, earthquake
storm, tempest flood inundation and Burglary and or House breaking.
Personal
Accident
Accidental injuries resulting in Death, Permanent Total Disablement
(PTD).
Cash
in transit
Cash lost by accident, misfortune or due to burglary housebreaking whilst
in safe and cash in counter / till Legal Liability towards general Public
and towards employees. (Policy is available with different range of
fixed sum insured on package premium).
Fidelity
Guarantee
Loss due to act of fraud, dishonesty committed by salaried persons (
Employees ).
Payment
From Policy
- Sum
insured is the limit of maximum liability under respective section.
- Actual
extent of loss/damage to property under respective section.
- In
case of Liability, fidelity Guarantee and cash in transit losses the
actual amount subject to maximum of sum insured mentioned in the schedule.
- No condition
of average (under insurance) clause is applicable.
- In case
of personal accident Sum insured will be paid for death or permanent
total disability.
General
Exclusions
- Wear
and tear, depreciation , consequential loss.
- Gross
and willful negligence of the insured
- Violation
of policy conditions
- In case
of burglary loss/damage where the insurd's family or insured's employee
acted as principal/accessory.
- In
case of Personal Accident, intentional act/self injury/influence of
drug/intoxication.
- War
and war like perils
- Nuclear
perils
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