Independent Shop Owners

If your shop is your main source of income, any unexpected loss or damage can affect your livelihood. This policy helps you stay financially protected during unforeseen events.

Family Business Owners

If you run a family-owned store selling clothes, footwear, furniture, stationery, or similar products, shop insurance helps safeguard your business and financial stability.

Shop Owners in Prime Locations

Shops located in high-footfall areas or busy markets face higher risks like theft, fire, or vandalism. Insurance protects your shop from these threats.

High-Risk Businesses

Some shops naturally face more risks due to the products they deal with. For example, electronics shops may have a higher chance of fire or technical hazards. If your business falls under such a category, insurance becomes essential to avoid major financial loss.

Owners of Multiple Shops

Managing multiple shops increases your exposure to risks. Insurance helps secure each outlet and ensures you don’t suffer heavy losses across locations.

Purpose of the Policy

It safeguards your livelihood by providing financial protection in case of damage, theft, or other incidents, helping you recover quickly without bearing the full cost yourself.

Typical Coverage Includes

Protection for the shop building (if owned) and contents like furniture, fixtures, stock-in-trade, and goods against fire, lightning, explosion, and allied perils.

Burglary and Theft Protection

Covers loss or damage to shop contents due to burglary, housebreaking, or theft (excluding certain cases like staff involvement).

Money Insurance

Protection for cash in transit, money in a locked safe, or cash in the till/counter against theft or robbery.

Natural Calamities and Other Perils

Coverage against risks like storms, floods, earthquakes, riots, strikes, malicious damage, and aircraft damage (subject to policy terms).

Additional Optional Covers

Many policies allow add-ons such as plate glass/neon sign breakage, public liability (for third-party injuries), personal accident for the owner/staff, fidelity (employee dishonesty), and baggage cover.

Who Should Get It?

Ideal for independent shopkeepers running retail stores, kirana shops, small boutiques, or similar businesses to ensure business continuity and peace of mind.

War or war-like activities

Any loss caused by war, military actions, or similar hostile events is excluded.

Loss of income

The policy does not compensate for loss of earnings or business interruption.

Pollution or contamination

Damages resulting from pollution or contamination of any kind are not covered.

Radioactive contamination

Losses caused by nuclear fuel, radioactive waste, ionizing radiation, or nuclear hazards are excluded.

Fire or explosion

Theft occurring as a result of fire or explosion is not covered under burglary protection.

Household members or staff involvement

Theft carried out by members of the insured’s family or business employees is excluded.

Normal wear and tear of electrical equipment

Gradual deterioration or aging of equipment is not covered.

Pre-existing defects

Faults or defects that existed before the policy started, and were known to the insured, are excluded.

Fire Protection

Covers damage to the shop and its contents caused by accidental fire.

Aircraft Damage Cover

Protects against losses resulting from aircraft crashes or falling aviation parts.

Implosion / Lightning / Explosion Cover

Provides coverage for damage caused by explosions, implosions, or lightning strikes.

Riot, Strike & Malicious Damage Cover

Safeguards your shop from losses due to violent disturbances, vandalism, or intentional harm.

Natural Calamity Cover

Includes protection from cyclones, storms, floods, tornadoes, typhoons, and other severe weather events.

Machinery Breakdown Cover

Covers repair or replacement costs if essential machinery used for the business breaks down.

Burglary & Theft Cover

Provides financial protection against burglary or attempted theft of goods or valuables.

Employee Infidelity Cover

Protects against losses caused by dishonest acts of employees.

Personal Accident Cover

Offers compensation in case the shop owner or staff suffer accidental injury or death.

Earthquake Cover
• Provides financial protection against damages caused by seismic activities.
Escalation Cover
• Offers additional coverage for increased costs of repairing or replacing damaged property.
Terrorism Cover
• Protects the shop against losses resulting from terrorist acts.
Loss of Rent Cover
• Compensates for rental income lost if the shop becomes unusable due to an insured event.
Debris Removal (Beyond 1% Limit)
• Covers extra expenses for removing debris when the cost exceeds the standard 1% claim limit.

Small and medium-sized shops depend on daily income to stay afloat, unlike large companies that have stronger financial reserves. Any unexpected event—such as a fire, theft, or natural calamity—can lead to heavy financial losses that are difficult to recover from.

This is where Shop Insurance becomes essential. It offers a safety net by covering unforeseen risks, ensuring you don’t have to face the financial burden alone. With the right policy in place, your business can continue operating smoothly, no matter what challenges arise.