This is an umbrella policy which caters to the entire gamut of insurance requirements of large corporations and provides a much wider cover than the corporate plus policy.
Material Damage – All loss or damage to the property insured occurring during the period of insurance by an event not excluded specifically under the policy.
Fire & Allied Perils (building, Plant & Machinery, Stock in Trade and FFF).
Business Interruption (Loss of Gross Profits).
1. Fire Insurance.
2. Machinery Breakdown.
3. Accidental Damage.
4. Electronic Equipments.
5. Money
6. Goods in Transit.
7. Burglary.
8. Fidelity Guarantee.
9. Business All Risks.
10. Claims Preparation Cost.
11. Business Interruption.
Sum Insured: The limits specified in the schedule are the maximum limits applicable under the policy and apply individually per class. The definition of words used in the schedules shall have the same meaning as defined in the policy.
Premium: FPremium usually is charged for individual covers opted for. Incase of an Asset all risk insurance, different risks are managed through one policy. To credit the customer on opting for various covers Alliance offers an all time low premium on the covers chosen. The premium that the customer will have to bear will be much less than the compounded premium applicable for all the chosen covers if premium is applied individually.
Deductibles: Specified for all other claims except claims preparations and Business Interruption- Time Excess (minimum 72 hours).