The shopkeeper package insurance covers:

• Fire & Allied Perils for buildings & contents of the shop.
• Burglary and Housebreaking
• Breakdown of Mechanical and Electrical appliances
• All Risk cover for Electronic appliances
• Cover for Money during transit or when it is kept in safe.
• Accompanied Baggage cover
• Damage to Fixed plate glass and sanitary fittings
• Damage to Neon Sign/Glow Sign/Hoarding
• Personal Accident cover for shop owner and its employees
• Infidelity/Dishonesty of employees
• Legal Liability Towards Employees & Third Party

The major benefit of Reliance Shopkeeper’s Insurance policy is as follows

• Comprehensive coverage available in various section as per shop owner requirement, affordability and choice to opt for.
• Affordable Premium
• Hassle free documentation
• Single policy document for various coverage.
• Insured have option to other coverage in shopkeeper insurance policy like Employers Liability cover, Third Party Liability etc.

​​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

• Section I A&B Fire & Allied Perils (Section I B is compulsory section)
• Section III Electrical & Mechanical Appliances
• Section IV Electronic Appliances
• Section XI A Legal Liability -Workmen’s Compensation

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

• While in transit between the shop and bank
• from safe at the Insured’s shop
• from till at the Insured’s shop

​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

• Loss or Damage due to war and nuclear perils
• Damage to property due to wear and tear, gradual deterioration or slowly developing flaws
• Consequential loss of any kind
• Willful act or gross negligence on the part of the insured, resulting in loss or damage
• Damage to property if it is moved to any other location other than that stated in the policy schedule
• Loss or damage due to burglary and housebreaking when a family member is involved in the same
• Shortage of money due to errors and omissions
• Loss or damage for which the manufacturer or supplier or repairer or transporter or any other third party is responsible either in law or under a contract
• Loss of or damage caused by or due to action of any lawfully constituted authority or Government body
• Injury or death of the insured resulting due to his/her participation in dangerous sports/hobbies, misuse of alcohol/intoxicants or resulting from HIV/AIDS

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.

• Earthquake
• Escalation
• Terrorism
• Loss of rent
• Rent for alternative accommodation

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

• Personal Accident for Shop owner & Its employees.
• Infidelity/ Dishonesty of employees
• Legal Liability- Towards employee

Following are the basic information is required under shopkeeper insurance policy

• Nature of the Business or Type of Shop
• Period of Insurance
• Sum Insured details for Building /Content /Stock/ and other section
• Shop Location Address With Pincode
• Coverage Required
• Previous Claim experience ( If any )

Following document are required for issuance of Shopkeeper Insurance Policy

• Approved Quotation
• Fully field & sign & stamp proposal form

Under shopkeeper policy method selection of sum insured are as follows

• For Building: - Sum insured is based on reconstruction or reinstatement value of building
• For Content other than Stock: - Sum insured is based on reinstatement / replacement or market value of content.
• For Stock: - Sum insured is based on market value of stock
• For Electrical & Mechanical or Electronic appliances: - Sum insured is based on cost of replacement value of the item of similar make and configuration as the damaged item.
• Money Insurance: -

  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.