This Policy is designed to cater for the complete insurance requirement of an office. Under a single Policy various policies such as Standard Fire & Allied Perils, burglary, Money Insurance, Electronic Equipment, Public Liability, Fidelity Guarantee etc are covered. Otherwise which are normally covered as separate policies. This Policy, being a Package Policy contains seven covers packaged in a single policy form.
Section I - Fire and Allied Perils (Compulsory Section) - It covers building/s, plant and machinery, furniture, fixtures and fittings, electrical installations and stock and stock-in-trade against fire and allied perils.
Section II - Business Interruption (Optional Section) - It covers loss due to interruption or interference with the business carried on by the insured at the premises specified and covered under Section I, in consequence of loss, destruction or damage indemnifiable under Section I.
Section III - Machinery Breakdown (Optional Section) - It indemnifies the Insured against unforeseen and sudden physical damage caused by and/or solely due to electrical and/or mechanical breakdown of electrical and mechanical appliances, apparatus or gadgets specified in the Schedule
Section IV- Electronic equipments / appliances (Optional Section) - It covers loss or damage to:
IV (A): All Electronic equipments like Computers, Medical, Biomedical, Micro- processors; Audio/Visual equipments including the value of Systems Software
IV (B): External Data Media
IV(C): Increased Cost of Working
Section V - Burglary and Housebreaking (Optional Section) - It covers any loss or damage to the insured property by Burglary, Housebreaking or hold up and damage caused to the premises resulting from Burglary and/or Housebreaking.
Section VI - Money Insurance (Optional Section)- indemnifies the amount of loss of Money belonging to the Insured against theft or loss, destruction or damage caused by any accident, not otherwise excluded
Section VII - Plate Glass Insurance (Optional Section):- indemnifies the Insured in respect of any accidental loss of or damage caused to Plate Glass at the Insured Premises
