Bharat Sookshma Udyam Suraksha Policy

Covers –

• Insured property (business related) against insured peril at one location with total value at risk up to ₹ 5 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