Shopkeepers insurance policy
A Shopkeepers insurance policy is designed specifically for small businesses operating in retail or commercial premises. It provides comprehensive coverage against various risks and liabilities faced by shop owners, helping protect their assets, inventory, and business operations from unforeseen events and financial losses.
Add-On
Employee Dishonesty Insurance - Offers protection against financial losses resulting from theft, fraud, or dishonest acts committed by shop employees.
Terrorism Cover - Provides coverage for damages or losses caused by acts of terrorism, political violence, or civil unrest.
Equipment Breakdown Insurance - Covers repair or replacement costs of essential equipment or machinery used in the shop, such as refrigeration units, cash registers, or computer systems, in case of mechanical breakdown or electrical failure.
Exclusions
1. Damages resulting from gradual wear and tear, deterioration, or depreciation of property or inventory over time.
2.Damages or losses resulting from illegal activities, criminal acts, fraud, or intentional misconduct by the insured or employees.
3. Damages or losses resulting from nuclear accidents, radiation, or nuclear explosions.