Shop Insurance

Shop insurance is a plan to protect the assets and goods stored inside a store. Aside from being secured from fires and other natural disasters, your store is also guarded from theft-related losses and damages.

What’s Covered?

Fire

The insurance covers damage to the insured property resulting from a fire caused by self-fermentation, natural heating, or spontaneous combustion. The policy also includes coverage for damage brought on by forest and jungle fires.

Explosion or Implosion

An explosion, implosion, or impact/collision with any exterior physical object that damages the office building is covered.

Natural Calamities

The insured property is covered for physical loss caused by storms, earthquakes, volcanic eruptions, cyclones, tempests, floods, etc., as well as landslides and rock slides.

SRCC: Strikes, Riots & Civil Commotion

Property damage from riots, strikes, terrorist acts, and malicious intent is covered.

Theft

Theft reported within 7 days from the insured premises after the occurrence of any of the above mentioned points.

Other Coverages

Property damage brought on by water tanks, equipment, and pipes that burst or overflow as a result of automatic sprinkler installations leaking.

What’s Not Covered?

  • Any purposeful, willful, or deliberate behaviour on anyone's part is not covered.
  • Any resulting losses are not protected.
  • Mysterious disappearances and unexplained losses will not be reimbursed.
  • The insurance will not cover additional items like curios, works of art, or unset precious stones.
  • Failures of machinery not caused by a natural disaster, fire, explosion, implosion, etc. are not covered.
  • Losses resulting from a nuclear catastrophe or a war are not covered.

Get a call back

PMP Insurance Broking LLP
Pragmatic, Earnest, Secure

IRDA Registration No. 908

Validity: 28th August 2023 to 27th August 2026

LLPIN: ABD-0369

Insurance is the subject matter of solicitation.

Useful Links

Contact Us

  • webquery@pmpib.com
  • Regd. Office: P. No. 69-14, Singh Kothari, V. T. Road, Mansarovar Police Station, Mansarovar, Jaipur, Rajasthan, 302020
  • Branch: 46/2A Shrimangal Society, Paud Road, Pune, Maharashtra, 411038
  • Branch: Unit No. 541-A, Tower A, Spaze iTech Park, Sohna Road, Gurgaon, Haryana, 122018
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