Small Business Solutions Insurance

My business, My choice.

The first of its kind. A total solution at your doorstep.

What does it cover?
The policy has seven sections. You may take all or take sections at your option. However, section 1 is mandatory. You are entitle to a discount of 10% off the rate if you opt for all sections.

Section 1 Material damage
We cover your business in its entirety. This means, that we cover:
• your building and all fixtures and fittings including fixed glass
• your stocks
• your furniture, business equipment, plant and machinery
• Awnings, blinds, signs and other outdoor fixtures & fittings belonging to you

The cover given under section 1.1 includes:
• Fire and lightning, explosion, cyclone, storm and tempest, flood, Tsunami, tidal wave, aircraft damage, impact damage including own vehicle damage, bursting or overflowing of tanks and apparatus
• Burglary for the full value
• Neon signs
• Accidental breakage of glass

Section 1.2
Money covered upto a maximum of Rs.10 million. Money is covered whilst:
• inside premises during normal business hours
• overnight in locked safe inside premises
• outside premises during normal business hours whilst conveyed by messenger

Section 1.3
• Electronics all risk

And more to come under section 1.
• All other contents such as documents, business books, plans, moulds etc, covered upto Rs. 25,000
• Architects, surveyors' and consulting engineers fees upto 10% of building value subject to a maximum of Rs. 500,000
• Cost of recompiling records and claims preparation upto Rs. 25,000/-
• Cost of rewriting records upto Rs. 25,000/-
• Debris removal upto 5% of sum insured subject to a maximum of Rs. 250,000/-
• Fire brigade charges upto Rs. 25,000/-
• Public authorities clause that reimburse additional cost incurred in complying with laws and regulations upto Rs. 250,000/-
• Temporary removal of property 5% of contents/machinery sum insured or Rs. 250,000, which ever is lower
• Capital additions - 10% of the value of contents
• Escalation clause

Section 2 Business Interruption
• Loss of profits and/or additional expenditure following accidental physical loss of or damage to Insured property from perils covered by section 1

Section 3 - Workmen's Compensation
• We pay you upto a maximum of Rs. 550,000 for death per employee under the Workmen's Compensation ordinance or upto Rs. 5 million maximum under common law.

Section 4 - Public liability
• You are covered against any legal liability for third party bodily injury or property damage happening at your premises upto Rs.30 million per event/per annum.

Section 5 - Fidelity
• You are covered against fraud or dishonest acts of your employees discovered during the period of insurance upto Rs. 500,000 per event/year.

Section 6 - Personal Accident
• 5 million any one person and Rs. 25,000,000 any one year.

Your staff are covered including whilst riding motor cycles (not racing) for:
• Accidental death and disablement
• Temporary total disability
• Temporary partial disability