This comprehensive policy gives protection to your building and content against the risk of fire, explosion, earthquake, impact damage, riots and other natural perils. Loss and damage due to burglary and housebreaking is also covered under this package policy. The electrical, electronic and mechanical equipment breakdown are also covered
Loss of money in transit between the insured premises and bank and vice versa occasioned by theft, robbery or any other unpredictable event; money in counter and money in safe is covered under this policy so your business will not be interrupted due to these reasons
This policy will cover you against the legal liability because of third party bodily injury or property damage. Shopkeeper's package policy will also protect you from the liability towards your Worker Compensation Act 1923 and Fatal Accident Act 1855
This comprehensive policy is cost-effective. Premium depends on the type of cover you have opted for, condition of the valuables, and provisions taken for keeping the valuables safe. If you have good security measures we lower your premiums appropriately
In our country, shops serve as a main source of income for many individuals. Therefore, it is essential to safeguard them from any damages and loss.
Shopkeepers' insurance, also known as Shop insurance, offers protection for the physical property and contents of a shop. This insurance is designed to cater to the needs of small to medium-sized shops and covers potential risks such as theft, natural disasters, accidental fires, and other similar incidents, much like fire insurance. By safeguarding the insured shop owner's property, shopkeeper insurance also protects their business interests against any unforeseen mishaps or risks.
A policy for shop insurance is a form of insurance that offers monetary assistance to a shop proprietor in the event of theft, human-caused disasters, natural catastrophes, and other similar occurrences. The insurer and policyholder enter into a binding agreement, and the insurer refunds the sum for any event that caused loss or harm.
A form of insurance policy, shop insurance, offers financial assistance to shop owners in the event of theft, human-made disasters, natural calamities, and other similar circumstances. This insurance policy is a legally binding agreement between the insurer and policyholder, where the insurer provides compensation for any losses or damages resulting from such incidents.
Small to medium-sized shopkeepers operate on thin profit margins, which makes it challenging for them to handle situations such as burglary, fire, and other similar incidents that could harm their shop and its contents. To mitigate these risks, shop insurance policies were introduced to safeguard the shopkeeper's property and business interests.
A shopkeeper insurance policy shields small to medium-sized shopkeepers from potential risks and perils. It provides coverage for the shop's property and offers protection for the owner's business interests. Additionally, it includes coverage like that of a standard fire and special perils policy, which also covers any building losses resulting from an earthquake.
Shop insurance policies provide financial protection to the insured in the event of an accident or related incidents in their shop. This insurance plan is designed to safeguard the policyholder against potential financial crises resulting from such incidents.
There are many individuals who may be uncertain about whether they require a shopkeepers insurance policy to protect their shop. To provide clarity, below is a list of individuals who should consider purchasing shop insurance plans:
Some of the significant advantages of having a shopkeepers insurance policy are:
This insurance policy covers various types of shops, such as small and medium-sized shops, including kirana stores, convenience stores, and shopping malls. The list of shops that are covered under shop insurance plans include:
A Shop insurance cover a range of entities such as:
Losses resulting from the following events are typically excluded under a shop insurance policy:
Calculating shop insurance online is a simple process that can be done by anyone. The premium for a shop insurance policy can vary between different insurers. To calculate the premium, one can follow the steps outlined below.
First, identify the type of business or shop, such as those involved in home repair services or healthcare. Next, consider the different types of coverage available. Enter the necessary details, including the name of the company, city, and contact number. Provide information on the value of stock and other items present on the premises.
After entering all the necessary details, click on the option to calculate the premium. The premium amount for your will then be displayed on the screen.
The shop and small business insurance plans that are available in India are- Fire cover, cyclones, storms, floods, tornadoes, typhoons and tempest, hurricane cover, machinery breakdown cover, burglary cover, infidelity cover, personal accident cover, malicious act, riot and strike cover, aircraft damage cover, implosion/ lightning explosion,
The insurance for shop owners or traders comprises eleven sections that provide coverage against various risks. The scope of this policy extends to cover the building, contents, money, pedal cycles, plate glass, signs, baggage, personal accidents, fidelity guarantee, liability, and business interruption.
Furthermore, the policy also covers burglary and housebreaking theft.
We have specialized underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
See all your contracts and renewal information in one place. Place service requests on PAM.