Property and Misc Insurance

Business Suraksha

As a business owner there are many things one has to look out for. We understand your business needs. The HDFC ERGO business Suraksha Package is designed to take away most of your worries. This is a unique package policy which provides choice of all type of covers under one Policy.

You can choose exactly what components you need in your insurance and pay your premiums accordingly.

This policy covers the following sections, one or more of which can be chosen by the client depending upon the requirement.

  • Fire and allied perils
  • Burglary and housebreaking
  • Money Insurance – money in transit and money in safe
  • All risk cover portable equipments
  • Baggage insurance
  • Fidelity Cover
  • Plate Glass Cover
  • Machinery breakdown for equipments
  • Electronic Equipment Comprehensive Cover
  • Neon Sign/ Glow Hoardings
  • Consequential loss of profit (Fire)
  • Workmen’s Compensation
  • Public Liability

For additional premium, the policy can be extended to cover the risk of terrorism.

We recommend that your assets be insured on a replacement / reinstatement cost basis to get full protection following a loss.

The premium will depend on the type of occupancy, cover opted, claims experience, fire protection appliances and deductible opted under the policy

Excess will be applicable as per section opted.

The Standard policy does not cover your business against the following –

  • Willful acts or gross negligence
  • Destruction/Damage by own fermentation, natural heating or spontaneous combustion
  • Explosion/Implosion damage to boilers, damage caused by centrifugal forces
  • Forest fire
  • War and nuclear group of perils
  • Unspecified precious stones, cheques, currency, documents, etc. unless specifically declared
  • Consequential losses, if not opted
  • Theft during/after operation of peril
  • Terrorism
  • Loss or damage due to willful misconduct
  • Cessation of work, whether total or partial, and delay
  • Damage due to faulty design
  • Rectification of defective material and/or workmanship, inventory losses, etc.
  • Deductible as stipulated in the tariff
 
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