Bharat Laghu Udyam Suraksha

Bharat Laghu Udyam Suraksha

Bharat Laghu Udyam Suraksha ( 5 Cr To 50 Cr)

Covers –

  • Insured property (business related) against insured peril at one location with total value at risk above ₹ 5 Crore & up to ₹ 50 Crore
  • Buildings, Plant & Fixtures, Machinery, Stocks Raw Materials, Finished Goods & Stock in process

Need for–

  • Manufacturing & non-manufacturing firms
  • An organisation, firm, educational Institutes
  • Shopkeepers, retailers or godown/storage keepers, and so on                          

Inclusions –

  • Fire, includes own fermentation, or natural heating or spontaneous combustion
  • Explosion or Implosion
  • Lightning
  • Earthquake, volcanic eruption, or other convulsions of nature
  • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation
  • Acts of terrorism
  • Bursting or overflowing of water tanks, apparatus and pipes:
  • Leakage from automatic sprinkler installations
  • Theft within 7 (seven) days from the occurrence of and proximately caused by any of the above Insured Events

Exclusions –

  • Loss, damage & destruction
  • by any order of Public authority
  • stocks in cold storage due to change in temperature
  • Insured property by undergoing any heating, drying process or centrifugal Forces
  • Deliberate, wilful or intentional act or omission
  • War, invasion, war-like operations
  • Ionising radiation
  • Pollution or contamination
  • Property is missing or has been mislaid
  • Consequential or indirect loss or damage
  • Costs, fees or expenses for preparing any claim
  • Insured premised or building remains unoccupied for more than 30 days

Claim Process –
Intimate – Survey – Submit Documents – Verify & Settle