Policy Summary
The Burglary policy provides cover against loss or damage to property following forcible or violent entry or exit from client premises. It extends to include situations where the client customer/client is attacked by armed robbers when the business is open.
This insurance covers assets such as office contents and equipment, stock in trade, furniture, fixtures and fittings, machinery etc. Insurance companies would ideally not offer this policy as a standalone but is offered along with the Fire & perils insurance policy.
Client profile
This policy is ideal for businesses such as Supermarkets, Hardware’s, all types of shops, Hotels, schools, wholesalers, merchandisers, churches, Hospitals and clinics.
In order to place a Burglary insurance Policy, the client will need to provide the following details:-
- Complete a proposal form with Full Name of the client /proposer for insurance, physical and postal Addresses, Telephone Contact, PIN Number, Occupation (Business from which client derives his income)
- List and values of items to be insured including details of maximum stocks held at any one time.
- Details of security measures put in place to prevent and/or reduce theft cases such as CCTV, reinforced exit/ entry points, security guards, alarms etc.
