Shop Owner
Shop Owner Insurance safeguards your retail business against a variety of risks, including property damage, theft, and liability claims
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Shield Your Retail Business with Shop Owner Insurance
Plans from ₹500/month*
Definition
Shop Owner Insurance offers a complete package to protect retail business owners against various risks such as fire, burglary, liability claims, and other unforeseen incidents. This policy is essential for securing the financial stability of your shop, ensuring uninterrupted business operations.
How does it work?
Business owners pay a premium to get coverage for a range of risks associated with running a shop. If an incident covered by the policy occurs, such as property damage or a liability claim, the insurer compensates for the losses as per the policy terms. Understanding the coverage, exclusions and limits is key to ensuring the right protection for your shop
What’s Covered
Property Damagecompensation for damages to the shop structure due to insured perils.
Stock Damagecoverage for loss or damage to the stock-in-trade due to covered events.Equipment Breakdownprotection for losses due to mechanical or electrical breakdown of equipment in the shop.
Business Interruptioncompensation for loss of income due to business interruption following an insured event.
What’s Not Covered
Willful Neglect or Misconduct losses resulting from the willful neglect or misconduct by the shop owner or employees.
War and Nuclear Risks exclusions for damages due to war, invasion, or nuclear activities.Illegal Activities losses resulting from illegal activities or violations of law by the policyholder or employees.Wear and Tear standard degradation or deterioration of the shop property and contents.Contractual Liabilities liabilities arising out of contractual agreements not directly related to the shop’s operations
POLICYERA BENEFITS
24/7 Claims SupportGet Best RecommendationCompare Plans From Major InsurersGet Covered Hassle FreePOLICYERA BENEFITS
24/7 Claims SupportGet Best RecommendationCompare Plans From Major InsurersGet Covered Hassle Free