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Office Umbrella Policy

What can be Insured

Under the twelve odd sections of this insurance policy, all assets and liabilities of a modern working environment such as the building, inclusive of its fixtures and fittings, boundary walls and fences, contents stored within the office premises including employees' personal effects, damages that might be caused by tenants, professional instruments, money in transit or locked in safe, fixed glass and sanitary fittings, employees' fidelity, electronic equipment, data carrying material as well as portable computers and cell phones can be insured.

Suitable for...

With the advent of liberalisation, the modern working environment has been thoroughly revamped and is undergoing total enhancement at a rapid pace.

Even the manufacturing and trading sectors have realised the need of pre-sales and after-sales service. And their corporate profile can maintained and strengthened through their offices. 

It is essential for all offices to invest in this insurance policy since it provides complete protection to offices against all different kinds of risks and perils. By opting for this single insurance policy, the office-owner will be able to cope with any risks that his business might encounter while conducting his business activities.

Risks covered

This insurance policy provides cover against the perils of

• Fire and allied perils.
  
  
• Theft or attempted theft through forcible or violent means.
  
  
• Robbery or dacoity.
  
  
• Accidents or misfortune or breakage.
  
  
• Fraud or dishonesty committed by employees.

Compensation Offered

In event of any damage to the building premises, this insurance policy will indemnify the insured to cost of replacement or reinstatement or repairs based on actuals, including removal of debris, consultation fees.

If any claim arises due to the insured tenant's legal liability, this insurance policy will provide funds equivalent to 10 percent of the total Capital Sum Insured for contents, but not exceeding 25 percent of the aggregate.

In case, theft, accident or misfortune occurs to the money held by the office, the cover will also include replacement and/or repairs to the safe.

Fixed glass and sanitary fittings are insured on a reinstatement basis.

In event of any accident occurring to named employees, damages with regards to hospitalisation, ambulance charges and costs of clothing.

In case of business interruption, the loss of income including increased cost of working and additional expenditure such as setting up of a temporary office, rates, taxes, cost of substitute equipment, hiring personnel, professional charges and additional expenditure such as rent, electricity, taxes, costs of removal will be paid for.

Exclusions

This insurance policy is subject to all exclusions, conditions, general definitions and warranties as specifically detailed by the policy.

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