Icici Lombard Shop Insurance

The ICICI Lombard Shop Insurance is a comprehensive policy for the shop owner and the shop. Under this policy both the structure and the contents of the shop are covered. It gives financial protection if any mishap like fire, earthquake, burglary, fraud etc takes place. It also renders compensation for the claims of liability and benefits of accident.

Under the ICICI Lombard Shop Insurance certain things are covered. Those are:

• Fire (Building and Contents) – The losses covered by fire, riot, strike, lightning, flood, storm, cyclone, terrorism etc are covered.
• Burglary – It protects the contents in the shop against any loss or damage caused by burglary and also the cash kept in the safe.
• Cash in transit – the losses caused due to burglary in cash while carrying it from the ATM or bank are covered.
• Glass breakage – It covers the losses or damage to the fixed plain glasses caused due to any external or internal accident.
• Damage to neon sign – It covers the neon or glow signs exposed at the location of the shop to against, damage, fire, accident, riot etc.
• Cheque forgery – The forgery caused due to material alteration of cheques and drafts and other negotiable instruments drawn in favor of the shop are covered.
• Fidelity – It covers the direct financial losses caused due to fraud by the regular employees.
• Tenant’s legal liability – it provides the cover for the legal liability imposed by the owner of the property on account of any damage.
• Employer’s liability – It covers the legal liabilities of the employees.
The beneficiary feature of ICICI Lombard Shop Insurance is that it covers certain additional option available in making the most comprehensive policy.

The liabilities excluded under these policies are:

• Atmospheric conditions
• Damage or destruction caused by war perils
• Wear and tear
• Willful destruction of property by the following