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TOLL FREE - 1800 103 5499
CALL US - 0124-4285499
SMS "CLAIM" to 56677
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HAVE US CONTACT YOU |
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Your trade or business on which so much of your time and money have been spent to build up is constantly exposed to various kinds of risks. Some unfortunate occurrence might bring a huge financial burden to your business and to you. Although you cannot guard your business from all possible risks, you can take steps to help tide over such unexpected events.
ITGI's Trade Protector Insurance is just the right kind of Policy to provide protection against these uncertainties.
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Our Trade Protector Policy gives complete protection to your business against a wide range of risks and perils. By opting for this Package Policy, you will be covered against almost all risks that you may normally encounter while carrying out your trade.
This Policy has 12 Sections which provide comprehensive protection for your trade establishment, assets, interests, liability as well as for your personal self, your directors, partners and employees. The Sections are:
Fire and Allied Perils (Section 1)
In this Section, your buildings, stocks, furniture, fixtures, fittings, interior decorations and other contents are covered against fire, explosion, bursting/overflowing of water tanks, riots, strikes, malicious damage, earthquake, flood, cyclone, landslide, etc.
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At No extra charge, we also cover |
On payment of additional premium, we cover |
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- Costs to comply with building regulations following a damage
- Temporary removal of equipment to other place for repairs or renovation
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- Professional fees of architects, surveyors etc. for superintendence of building during reinstatement following a loss
- Debris removal cost Temporary removal of stocks
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Burglary and other Perils (Section 2)
This Section covers the same properties as in Section 1 against housebreaking, burglary, robbery or dacoity along with impact damage by falling trees/electric poles/ lamp post, breakage or collapse of television or radio aerials/ satellite dishes and damage by civic authorities in prevention of fire.
Money and Fidelity Guarantee (Section 3 A/B)
This section covers loss of money in premises due to hold up, housebreaking, robbery, dacoity or in transit due to accident or misfortune. At no extra cost, we also cover loss or damage to safe, strong room, steel almirahs as well as case, bag etc. used for carriage of money.
This Section also covers direct pecuniary losses caused to you by any act of fraud or dishonesty committed by your employees.
Fixed Glass and Sanitary Fittings (Section 4)
This Section covers accidental breakage of fixed glass and sanitary fittings in your premises including cost of frames, lettering/ printing/embossing etc. and also accidental damage to goods incidental to your business caused by such breakage.
Electronic Equipment (Section 5)
This Section covers loss or damage to electronic equipments like computers, fax machines, accessories, including data carrying material which are installed in your premises.
This Section also cover cost of reinstating such electronic data on data carrying material and software upto the limits specified by you.
Television/Video Equipments and Portable Computer/ obile phone (Section 6A/B)
This Section covers loss or damage to your television/video equipment installed in your premises and to your portable computer, mobile phone and electronic diary anywhere in the world.
All Risks (Section 6 C)
This Section covers items such as neon and illuminated signs, hoardings installed on premises and other trade equipment any where in India against fire, riot, burglary and any other accidental loss damage not specifically excluded.
Breakdown of Electrical/Mechanical Appliances
(Section 7A)
This Section covers sudden and unforeseen electrical ormechanical breakdown of electrical or mechanical appliances upto 7 years of age contained in your premises.
Deterioration of Refrigerated Goods (Section 7B)
Section covers damage to refrigerated goods by deterioration or putrefaction due to variation in temperature resulting from sudden electrical/mechanical breakdown of the refrigeration unit or from accidental escape of the refrigerant gases.
Personal Accident (Section 8)
This Section covers you and other named persons connected with your business against accidental bodily injury leading to disablement (either permanent or temporary) or death, along with free additional benefits such as damage to clothing, dead body carriage cost, ambulance charges, loss of employment benefit, education fund for children, cost for insured person to adjust to injuries as well as modification cost of house or vehicle following such injuries.
Business interruption (Section 9)
This Section covers you for loss of your gross trading profit including increased cost of working due to damage to insured property caused by perils covered under Section 1 which results in an interruption to your business.
Baggage (Section 10)
This Section covers loss or damage by accident or misfortune to baggage belonging to you or your employees being carried on a journey anywhere in the world in connection with your business.
Liability (Section 11 A/B)
This Section covers you against liability to general public for accidental death, bodily injury or property damage including liability as a result of accusation of shoplifting, theft, dishonesty resulting into their wrongful detention or false imprisonment, as well as liability to your employees for any injury ar deatharising out of and in course of employment with you under the Workmen's Compensation Act etc.
Goods in Transit (Section 12)
This Section covers damage to goods due to fire, lightning, breakage of bridges, collision, derailment, strike, riot, theft and/or non-delivery of entire package, robbery, dacoity etc. whilst in transit in connection with your trade or bussiness.
| What important things you must bear in mind |
- A minimum of 5 out of the 12 Sections have to be covered.
- There is a provision for premium discount if 6 or more Sections are covered by you.
- In respect of Sections 1,2,4,5,6, and 7, the insurance is on Reinstatement Value basis (i.e. new for old) for which the Sum Insured should represent value of new property including freight, duties etc. This does not apply only to "Other Contents" of Sections 1 and 2.
- Apart from a few sub limits on specific items, there are no maximum limits specified for Sum Insured under any Section of the Policy.
- In case at the time of damage, the value of the property is greater than the Sum Insured opted by you, then the claim would be paid in the same proportion. This is applicable to Sections 1, 2,4,5,6 and 7.
| When will the Policy not pay? |
Some of the important Exclusions under the Policy are as follows :
- Damage as a consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution etc.
- Any damage due to confiscation, commandeering, requisition or destruction by order of any government or lawfully constituted authority.
- Any damage directly or indirectly caused by or contributed to or arising from ionising radiation or contamination by radioactivity.
- Depreciation and damage caused by wear and tear or gradual deterioration.
- Damage to property and contents due to pollution of any kind.
- Besides these, there are some other Exclusions that are specific to particular Sections of the Policy.
| Who can apply for this Policy? |
This Policy is suitable for shop, retail agencies, dealers, restaurants, hair dressers, boutiques, beauty parlours, laundries, video game parlours, hotels, guest houses or any other business establishments who want to take comprehensive insurance protection under one package Policy. |
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