Covers loss or damage to property due to theft and forcible entry, including damage to the premises. The policy can cover assets within the insured’s premises including stock at warehouse. The loss can also be from premises of the insured, if the money is kept in a strong room.
Covers loss of money in transit between insured’s premises and bank/post office/named locations, due to theft, robbery and accidental causes. Also covers loss of loss of money from safe or strong room in insured’s premises
Covers employer for financial loss from employees dishonesty. This is covered more in detail in the employee fidelity section
This means certain conditions that need to be fulfilled for the claim to be payable. For instance, in some cases the insurer may want the premises to be guarded 24*7 (say for burglary insurance), or cash in premises to be kept in strong room (money insurance). It may be noted that policy terms and conditions, premium can vary significantly across insurers for the same risk. Often, a combination of products is needed for effective risk mitigation. Blue Armour Insurance Brokers can advise you coverage terms as well as premium rates across the process.
Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231