Burglary

Secures your business against financial loss in the event of a burglary or attempted burglary.

Who is the policy for?

All kinds of movable property such as Stock, Plant and Machinery can be covered under a Burglary Policy. Our standard policy can be extended to cover Theft at an additional Premium.

What does this policy cover?

Covers loss of or damage to assets within the insured premise(s) resulting from:

Forcible and violent entry
Theft or any attempt by a person hiding in the insured premises
Hold-up or armed robbery
Damage to the premises as a result of theft or an attempt to break in

We offer two plans which vary in the basis on which the Sum Insured is computed:

We offer two plans which vary in the basis on which the Sum Insured is computed:

Full Value: The sum to be insured should represent the full value of the property at risk. This basis is suitable where there exists a possibility of the entire property at risk being stolen at any one time.
First Loss Basis: The sum insured represents only a portion of the full value of the property at risk and can be a cost-effective choice as it offers a more limited scope of cover. This basis is suitable when it is not possible for the entire property at risk to be stolen at the same time.

Do note that for availing this cover, it is imperative that the insured provides a reasonable level of protection to insured property. Loss caused by natural perils and loss of property following use of keys (unless such keys are obtained by force or violence) and fraud or dishonesty on the part of employees are not covered under this policy.

The exact scope of coverage will depend on the wording of the policy issued to you. It is crucial that you read and understand the terms and conditions of the policy as issued.