IX. Personal Accident:
Covers Death, Permanent Total/Partial Disablement and Temporary Total Disablement.
X. Infidelity/Dishonesty of Employees:
Covers against any direct pecuniary loss caused by the dishonest act / infidelity of employees.
XI (A). Legal Liability Towards Employees:
Any legal liability towards employees under Fatal Accidents Act 1855 / Workmen's Compensation act 1923 can be covered under this Section.
XI (B). Legal Liability Towards Third Parties:
Covers legal liability to pay compensation to third parties, in accordance with the Indian Law subject to limitations.
XII. Additional Rent for Alternate Accommodation:
Covers additional rent which the proposer may have to pay for hiring an alternative accommodation, contingent upon the operation of a peril covered under Section I.
XIII. Tenants Legal Liability:
Covers the legal liability incurred by the proposer as a tenant of the office premises, subject to certain limitations.
Premium Discounts/Loading
• The rate will be subject to suitable discount/loading according to the special character of the risks.
• Choosing more than five Sections entitles to attractive discounts in the premium rates.
• The proposer can also enjoy discounts from 5% to 20% for a favourable claim ratio. Likewise, there could be loading on the standard premium for a high claim ratio.
Major Exclusions:
This Policy does not cover
a) loss or damage due to war and/or warlike perils, nuclear and/or atomic radiation.
b) Loss or damage due to wear and tear, gradual deterioration or slowly developing flaws.
c) Consequential loss of any kind.
d) Loss of or damage caused by or due to action of any lawfully constituted authority or Government body.
e) Loss or damage for which the manufacturer or supplier or repairer or transporter or any other third party is responsible either in law or under a contract.
Apart from the above all the standard exclusions of the respective policies shall also be applicable for the respective sections.
