Business Guard Insurance Policy

What is Business Guard ?

Business Guard is a packaged product range developed after detailed analyses of the insurance needs of various market segments. Unlike other packaged policies available in the market, Business Guard policies are flexible enough to be adapted to specific business situations. This flexibility allows clients to build in a host of coverages under one umbrella, creating a comprehensive insurance solution.

Business Guard - Office

A very flexible product that caters to a whole range of covers essentially required by independent offices of professionals and business services as well as networks of offices of corporates (trade, industry and services).

Some of the covers which can be built in, in addition to Standard Fire and Special Perils Policy are:

  • Burglary
  • Money
  • Plate Glass
  • Electronic Equipment
  • Machinery Breakdown
  • Personal Accident
  • Workmen's Compensation / Employer Liability Insurance
  • Public Liability etc.


This Policy does not cover the following unless specially mentioned in the Schedule and expressly insured by the Policy:

  • Gold or Silver articles, watches jewellery precious stones medals coins curiosities sculptures manuscripts rare books plans patterns models mould and designs.
  • Deeds, bonds, Bills of exchange, promissory notes, money or securities for money, stamps, books of accounts, business books or documents, cheques, share certificates, promissory notes, tickets, stamp collection, coin collections, medals, plans, specifications, blue prints, moulds, document of title to goods, contracts or other legal documents, or documents of any other kind.
  • Loss or damage by fire or explosion however caused
  • Loss or damage to plate glass whether forming part of the premises or otherwise.
  • Loss or damage where any inmate or member of the Insured's household or of his business staff or any other person lawfully in the premises is concerned in the actual theft of or damage to any of the articles or premises or where such loss or damage has been expedited or in any way assisted or brought about by any such person or persons.


  • The Company shall not be liable in respect of any loss:
  • of Money in transit
  • due to robbery, theft, fraud, dishonesty or collusion by any employee or agent of the Insured;
  • or damage insured by any other policy or policies except in respect of any excess beyond the amount which would have been payable under such other policy or policies had this insurance not existed;
  • arising out of shortages due to clerical or accounting errors, omissions, depreciation or direct or indirect consequential loss of any kind;
  • occurring elsewhere than within the premises specified in the Policy;
  • on premises which at the time are closed unless the Money is in a locked cash box or safe or strong-room and all openings (including all doors leading to the safe or strong-room) of the premises are fully secured;

Public Liability

  • This Policy does not cover liability
  • assumed by the Insured by agreement and which would not have attached in the absence of such agreement.
  • arising out of earthquake, earth-tremor, volcanic eruption, flood, storm, tempest, typhoon, hurricane, tornado, cyclone or other similar convulsions of nature and atmospheric disturbance.
  • arising out of deliberate, willful or intentional noncompliance of any Statutory provision.
  • transportation of materials and/or hazardous/dangerous substances outside Insured's premises
  • the ownership, possession or use by or on behalf of the Insured of any aircraft, watercraft or hovercraft
  • the deliberate conscious or intentional disregard of the Insured's technical or administrative management or the need to take all reasonable steps to prevent claims.