Choose your plan

Choose the category of shop most relevant to your business, or select other to contact us directly. Every plan is customisable
Restaurants, Cafes, & Bars
Starting from

₹2,360

  • Sum Insured :₹10,00,000
  • Covers fire
  • burglary and 3 more
  • Fully Customisable
  • INR 30,00,000 worth of contents & stock
Garment/Textile Stores
Starting from

₹12,000

  • Sum Insured :₹90,00,000
  • Covers fire
  • burglary and 3 more
  • Fully Customisable
  • INR 90,00,000 worth of contents & stock
Other Retail Stores
Starting from

₹45,000

  • Sum Insured :₹1,50,00,000
  • Covers fire
  • burglary and 3 more
  • Fully Customisable
  • INR 1,50,00,000 worth of contents & stock
Custom
  • Variable Cover
  • Covers Building & Contents
  • Multiple locations
  • Full range of add-ons

What is Shop Insurance Policy?


Shop insurance, also known as a shop package policy, protects your business premises and its contents from various perils.

A shop, in this context, can mean any retail business, including but not limited to all retail outlets, restaurants, cafes, bars, breweries, cinema theatres, etc. Any business that has a storefront, or customers who walk in and buy products is ideal for cover under this policy.

As a business grows, a lot of expensive equipment and stock tends to accumulate in the store. In addition to all this, the premises itself are vulnerable to acts of god such as fire, lightning, floods, storms; as well as malicious damages like riots. Theft and Burglary are also major concerns where expensive equipment or stocks are concerned. As many such businesses are also located on the ground floor, they are particularly susceptible to floods and inundation as well.

A shop package policy(or business package policy) is essentially the same as a fire policy(standard fire and special perils policy, to use formal jargon), except customised to your business, whether it be a shop, restaurant, convenience store, supermarket, café, bar, brewery, or theatre.

A Perilwise representative will also be available on call if you require any help. Try it out now!

Fresh Business only

This particular package policy only applies to Fresh business, if you have an existing policy and want to renew, contact us here

Basement Risk

If you have a basement used for anything other than parking or non-electrical utilities, then the prices are not valid. Don’t worry, our experts can still get you quotes via email!

Asset Capitalisation and Designation of Property clauses

These are standard clauses in any Fire policy. Basically, anything a company insures under this policy has to be a part of its asset register, it must be an asset owned by the company.

Detailed List

After making the payment for the policy, you will need to submit a detailed list of assets that you want covered. The section wise value of these goods cannot exceed the limits in the policy. In case of a difference, you can pay the extra premium or get a refund.

Underinsurance Clause

If you have an asset worth INR 100, which you have insured with sum insured as INR 50, and there is a damage worth INR 10 to said property, then the insurer will pay out your loss in proportion, and will only allow a claim of INR 5. This is known as underinsurance clause. The insurer will calculate the loss as a percentage of your total assets at the location, and apply that to the sum insured. This is done to prevent fraud.

Kutchcha construction

The office has to be brick and mortar construction and not wood, hay, thatched roof, etc. In case your premises are made of such materials(aka ‘kutchcha’ construction), contact us for a quote.

Base Benefits

Fire, lightning and explosions

A business package policy covers any damage to your premises or contents due to fire, burns caused by lightning, or explosions

Storms, floods and inundation

also known as STFI(Storm, Tempest, Flood and Inundation) cover, a shop insurance policy will cover your damages from water ingress due to the mentioned causes as well.

Riots, Strikes, and malicious damage(RSMD)

A shop policy also covers damage to the premises or contents from riots, strikes or malicious intent.

Money Insurance

Money insurance protects money in the shop from theft/burglary/damage. To avail this add-on, you will have to declare limits to how much money will be in the cash registry, how much in a safe, and max amount in transit at any given time and any given year.

Burglary & Theft

Burglary and theft are both offered as an add-on. The difference between burglary and theft is that burglary involves forced entry, while theft does not. This doesn’t over the theft of money or jewellery.


The above are the main and standard benefits of an office package policy, and are included as base benefits. However, there are also add-ons offered, such as:

Add-ons

Machinery Breakdown

A Shop insurance policy covers the complete breakdown of any machinery, such as Air Conditioners, refrigerators, etc.

Electronic equipment

There is an add-on to help protect all electronic equipment from damage due to fire, malicious damage, theft, or accidental damage. Portable electronic equipment (company phones, laptops) are covered separately from non-portable equipment(such as printers, desktops, etc.)

Plate Glass

Plate glass cover protects any glass components you may have (such as display windows, partitions, etc.)

Neon Sign

Your signboard is covered under standard fire perils by the base shop insurance policy, but accidental damage is not covered. This add-on covers accidental damage to your signage.

Terrorism

A standard shop package policy add-on, terrorism cover protects the entire premises and contents from terrorism damage.

Earthquake

Earthquake cover is also a standard addition in any fire insurance policy, and covers your business from damage to premises.

Public Liability

Shop insurance also offers public liability cover. This add-on covers any legal liability from death or bodily injury to a third party inside your shop premises.

Workman Compensation

Also known as employer’s liability, this add-on provides workman’s compensation to your employees. You can read more about workman compensation insurance here

Fidelity Guarantee

This add-on protects a business from the effects of fraud of one or all of its employees. This add-on is generally useful when there is free access to cash registry and inventory at the store or business.

1. War, and war like perils

2. Acting on behalf of or in connection with any political organisation

3. Requisition or destruction or damage by order of any government, public, municipal or local authority

4. Nuclear Reaction, Nuclear radiation or radioactive contamination

5. Wilful negligence of the Insured or his representative

6. Derangement of the Insured property not accompanied by damage otherwise covered by this policy

7. Pre-existing faults or defects at the time of commencement of the office insurance policy

8. Wear and tear, cavitation, erosion, corrosion, incrustation, gradual deterioration due to atmospheric conditions

9. Normal maintenance of the insured items

10. Loss of or damage to hard disk & read-write head whilst in transit except when damage is caused by an insured peril to the whole computer

11. Scratches on painted polished or enamelled surfaces

12. Any unexplained disappearance of the Insured item

Companies also bought

Businesses who bought Office Insurance also bought the following product as part of their insurance coverage

Commercial General Liability

Commercial General

Also known as General Third Party Liability, this plan covers a range of liabilities faced by a business. The major protections available are against bodily injury, damage to property...

Group Health Insurance

Health

Also known as Mediclaim, or Group Mediclaim insurance, This policy provides health insurance to your employees. As an employer, ensuring the well-being of your employees...

Workmen Compensation Policy

WC

According to law, if workers are affected by accidental disability or death in the course of their work, they(or their families) are owed compensation by their employer. Workman Compensation insurance covers the company’s liability in this situation.