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.
Burglary
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.
Money
- 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.