Shopkeepers Policy is a package policy designed to cater to the risk requirements of small and medium sized shopkeepers. Under this package policy, a number of contingencies are combined, which are usually covered as separate policies. The Sum Insured of the policy depends on the valuation of the shop and its contents including the electrical and mechanical appliances.
Shopkeepers Policy is a comprehensive Package Policy comprising of the following important coverages. Shopkeepers can pick and choose coverages to design a policy that meets their needs specifically.
Coverages offered are:
- Fire & Allied Perils – Building and Contents
- Burglary & Robbery – Contents
- Money in Safe
- Money in Transit
- Plate Glass
- Breakdown of business appliances/apparatus/equipment
- Neon Sign / Glow Sign
- Electronic Equipment
- Fidelity Guarantee
- Personal Accident
- Public Liability /Workmen Compensation
- Business Interruption