It is a comprehensive policy which is generally used for covering shops in order to cover the loss or damage to both the structure and it’s contents and against financial loss in case of an unfortunate incident of fire, earthquake, flood, riot, fraud and burglary of cash in safe place. Magma Deal also provide compensation of liability claims and accidental benefits
COVERAGES UNDER THE POLICY:
? Fire: It covers loss or damage to buildings and contents due to fire, lightening, strike, riot, storm, cyclone, flood etc.
? Burglary: It covers any loss or damage caused by burglary or attempt of burglary to contents in your shop
? Fidelity: It covers financial losses due to fraud or dishonest act of salaried employees.
? Personal Accident: Bodily injuries because of accident resulting in death or permanent total disability. It also provides for ambulance charges and in the event of death for carriage of dead body.
? Public liability: This cover provides for legal liability on behalf of the proposer for accidental death or bodily injury to third party excluding resident employee or domestic staff as well as accidental damage to third party property.
? Glass Breakage:This covers loss or damage to any fixed plain glass caused by an accident, external and visible means.
? NEON SIGN: Neon or glow signs displayed at your shop premises are covered against damage caused by fire, accident, riot & flood.
? Medical Expenses To Insured: This covers provides benefit for medical expenses, to extent of sum insured under this cover, incurred by the proposer for the hospital treatment against any accident.
? Employer’s Liability: Covers legal liability to your employees.
? Tenants Legal Liability: It provides for legal liability imposed on you by the property owner on account of damage to property by fire, earthquake, flood riots, etc.
? Marine Transit of Goods: The losses or damage caused to the goods during movement from godown to shop.