A shop for its owner does not only act as his main asset, but also his main and probably only source of income. In these times when crime can be considered to be at its peak, no one is spared of the danger. Not even small and medium shop owners. To protect their shops and the assets and goods contained therein, the best resolve for a shop owner is to take up a Shopkeepers’ Insurance Policy.

This policy insures the owner and his partners from any loss or damage to the property or the goods resulting fro theft, violence or robbery or a natural disaster. The policy usually covers shop building and its contents, cash stored in the counter/ transit, neon and glow signs, plate glass, the owner’s public liability, baggage, workmen’s compensation liability, fidelity of the employees, as well as interruption of business. Shops that also have a manufacturing facility don’t come under the Shopkeepers’ Insurance Policy.

The shopkeepers are immensely benefited by this policy as risks that are taken care of provide a comprehensive coverage to the owner. Risks include burglary and theft, fire and other allied risks, accidental damages, misfortune or loss, any risk or liability under the Workman’s Compensation Act, loss due to dishonesty of the employees, injury to any third party and the loss of the business owing to any interruption. But the policy applies only if the cost of the business does not exceed a certain maximum amount.

This insurance policy doesn’t cover the motor vehicles belonging to the business, securities, deeds, bullion and stocks, documents and manuscripts etc. owned by the business. Also in case of a burglary, if the owner or one of the partners is found guilty, the coverage doesn’t apply. Also loss or damage of assets during transit or moving the business from one premise to another is not covered under this policy.

The shopkeepers’ insurance policy lets the shop owner concentrate on his or her business rather than worry about the many perils that occur. It is designed to cover the losses of the shop owner arising out of various risks.