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Shops are sources of revenue for many in our country. It not only provides income but is also an asset. It's very essential to secure this means of livelihood. With Reliance Shopkeeper's Package, you can get protection against any risk that your shop is exposed to and also peace of mind for smooth running of your business.
This policy offers various benefits like:
This policy covers your business against:
Reliance Shopkeeper's Package Policy Exclusions:
The policy does not cover:
Shopkeeper insurance is developed to protect small & medium sized shop owners from various risks. Small & medium sizes shop owner’s business is always exposed to certain risks as loss to shop building & contents within the shop building, potential liability towards property & people, money in transit or in safe etc. All these are covered under this shopkeeper insurance, where the insured is compensated for the loss.
Shopkeepers Insurance policy is a comprehensive package policy which provides financial protection to Insured’s shop assets & other risk exposures related to business activity in a single documentation.
If the shopping centre has been insured against the risk of fire , then the spread of fire to insured premises is covered, you could claim damages.
The insurance offered by your society may offer a limited cover - typically including only common property like external structure of the building, not the contents of your shop. You need to have risk cover for such contents that may include items such as business assets, stock-in-trade, equipment, and electrical and mechanical appliances. Your shopkeepers' policy insures all these against fire and allied perils, burglary and theft, accidental breakdowns, and other misfortunes.
You can cancel the policy and take a refund from the insurance company.
The shopkeeper package insurance covers:
The major benefit of Reliance Shopkeeper’s Insurance policy is as follows
If you are small and medium seized shop owner with assets upto Rs 2 crore in a premises and who is responsible for providing protection to the business, customers & employees. Any shop owner can take Reliance Shopkeeper Insurance to secure the future & finances of his business.
For Jewellery shop, we have a specialised product named “Jeweller’s Block” Policy to take care of various aspects of Jwellery sale and in transit. For more details of “Jeweller Block” policy please contact our nearest branch or customer care.
Shopkeeper policy insurance is available for small & medium sized shop where maximum value of building & content put together is not exceeding Rs 2 crs. Shops exceeding Rs. 2 crs can be covered in a separate policy named “Commercial Care Package “Policy. For more details of “Commercial Care Package “policy please contact our nearest branch or customer care.
Fire & Allied Perils (For Contents ) is compulsory under shopkeeper policy
Minimum of four sections have to be selected under the policy. Out of four section at least two sections from the below mentioned list should be opted by shop owner
It covers building/s (i.e. wherein proposer’s shop is situated) & content in the proposer’s shop premises against fire and allied perils.
This section covers loss of money related to proposer’s trade / business due to accident or misfortune
This section covers electronic appliances, apparatus, and/or any electronic installation pertaining to proposer’s business while contained or fixed in the proposer’s shop premises.
This section covers all electrical and/or mechanical appliance, apparatus, and/or any electrical or mechanical installation pertinent to proposer’s business and fixed in the proposer’s premises against electrical & mechanical breakdown.
Loss due to following situations are not covered under shopkeeper’s insurance policy
Disclaimer: - For complete list of exclusion & coverage details please refer policy wording of Shopkeeper Package Policy
Following add on cover available under fire and allied section.
The number of maximum section or coverage selection will depend upon insurance need of shop owner. Therefore, it is good to understand the requirement first & then select the coverage.If you required any help in understanding the requirement we are happy to assist you. Please contact our nearest branch or contact our customer care.
Following are the coverage available under shopkeeper’s insurance policy to cover risk associated with shop owner or its employees
Following are the basic information is required under shopkeeper insurance policy
Following document are required for issuance of Shopkeeper Insurance Policy
Under shopkeeper policy method selection of sum insured are as follows
1. Sum Insured for money in transit should be single transit value in any day during policy period.
2. Sum Insured for cash in safe and cash in till should be single value stored in safe or till in any day during policy period.
If proposer select more than minimum section following section discount is applicable on non-tariff section premium.