Shopkeeper’s Insurance Policy covers the building, contents, money, business interruption, employers’ liability, and public liability. It protects your property and interests from both natural and human-made disasters.
Coverage and Benefits
Small and medium shops are exposed to various risks like theft, accidents, and fires. Shop insurance gives financial protection from such incidents and ensures the smooth running of your business. Additional covers like personal accident cover are also provided.
The sum insured is calculated based on stock value and rebuilding costs of the shop, which includes the value of equipment and appliances. Higher the coverage, higher is the premium. Shop insurance is necessary as it reduces losses, disruptions, and gives peace of mind while dealing with uncertain events.
MSME insurance plans cover equipment breakdown, ensuring no loss of productivity or business interruption.
Policy and Claims
Shopkeeper’s Insurance Policy is a comprehensive package policy designed for small and medium shop owners, providing financial protection for business assets and property. The policy covers various risks that may disrupt operations.
In case of any unfortunate incident, you can file a claim to recover the assessed loss as per policy terms and conditions. With this financial safety net in place, you can focus on business growth.