Shop Insurance

What is Shop Insurance?

Shop insurance is a type of insurance policy that covers the property and contents of a shop. The coverage protects a small/medium-sized shopkeeper against any risks that may arise. It safeguards the store owner’s property and commercial interests. It also provides conventional fire and special perils insurance coverage, which includes any loss to the structure caused by natural catastrophe risk.

Who should purchase this policy?

This policy is suitable for anyone who falls under any of the given categories –

  • Independent Shopkeepers
  • Family Business Owners
  • Shopkeepers with Shops in Prime Areas
  • High-Risk Businesses
  • Multiple Shop Owners

Types of shops covered under Shop Insurance?

  • Mobile and Other Electronics
  • Food and Eatables
  • Healthcare
  • Personal Lifestyle and Fitness
  • Grocery and General Stores
  • Home Repair Services
  • Others – This category includes all other kinds of shops and businesses that are not covered in the above-mentioned category of shops.
  • High-Risk Businesses
  • Multiple Shop Owners

Benefits/Coverages of the Policy

  • Fire
  • Burglary
  • Natural Disasters
  • Explosion & Aircraft Damage
  • Infidelity
  • Machinery Breakdown
  • Malicious Act, Riot, and Strikes

Ad-Ons

  • Terrorism
  • Escalation

Exclusions of the Policy

  • War or nuclear situation
  • Wear & tear
  • Contamination or pollution
  • Portable assets like laptops or mobiles (unless you’re dealing with the sale of these items)
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