Package Policy for Office, Factory and Warehouse, Shops, Housing Societies, Hotels and Restaurants, Jewelers and Bankers


What is a Package Policy

A package policy cover various risks that a business is exposed to such as fire and special perils, burglary and theft, employee dishonesty, lo ... read more


Customized and Industry Specific Package Cover

Package insurance products exist to cover losses in: Factory and Warehouse Office Establishments Shops Housing ... read more


Customize Cover Based on Your Project

Every package policy comes with several add ons which can be opted for depending upon the nature of risk and industry. Further, policy wordings ... read more

FAQ

What factors need to be kept in mind at the time of claim and taking a package policy?
The excess amount gets deducted from the claim amount during final claim settlement.A package policy can have several sections, each with its own sum insured and exclusions/excess clause (which may vary across industry specific products) such as:
Fidelity cover
Plate glass cover
Neon sign
Fire loss of profit
Rent for alternative accommodation
Public liability
Terrorism
Cash in safe and cash in transit
Machinery breakdown
Burglary insurance
Theft insurance.
Often, a combination of products is needed for effective risk mitigation, and coverage/exclusions for the same risk may vary across insurers. Blue Armour Insurance Brokers can advise you coverage terms as well as premium rates across the process.
How is premium determined under a package policy?
Typical factors affecting the premium rating are: sum insured under each section of coverage (a package policy can have around 12 sections for different types of risk), add ons opted for

Get In Touch

Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2026), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231