Union Shop Comprehensive Policy
This Insurance Policy is specially tailor made to cater to many risks associated with the shop keeper's trade.
Sum Insured: The sum insured on property must represent reinstatement value other than stocks which should be on cost value.
What it covers
The scope of cover under the policy is divided in to:-
- Section 1 - Property damage covering building and contents for Fire and allied perils including burglary, temporary removal, accidental breakage of glass and removal of debris
- Section 2 - Business interruption
- Section 3 - Money
- Section 4 - Workmen's compensation
- Section 5 - Public liability
- Section 6 - Personal accident Riot & Strike and Terrorism to applicable sections
* Section 1 is compulsory
Major exclusions
- Political risks exclusions
- Radioactive exclusions
- Pollution/contamination exclusions
