Salient Feature

Broadly speaking any kind of movable property like stock, stock-in-trade, goods in trust, plant and machinery, fixture, fittings etc. can be covered under Burglary Business Premises Policy so long as these are reasonably protected.

Scope of Cover

The Policy covers loss or damage to property by theft following burglary or housebreaking which means that to establish a claim there must be visible signs of felonious entry or exit from the premises by violent and forcible means.

First Loss Insurance

In cases of insurances of large warehouses and stores where the value of stocks is considerable and of bulky nature rendering a full loss very unlikely, a First Loss policy may be given.

Premium Rating

It is non-tariff business.

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