- Your Assets - ‘Property all risks’ protects your physical assets, such as displayed items and stock, contents, sign boards and display units against the widest range of risks.
In addition Business Guard Retail offers goods in transit cover which protects your shipments against damage resulting from fire, collision or overturning, as well as other incidents which may occur while shipping sold items to customers. - Your Profits - Quickly getting your business back on track after an unfortunate event is essential for any business. Our business continuity cover does just that. We will pay your lost profits and additional costs needed to rebuild your business and help get back your customers.
- Your Liability - Public liability cover protects you against legal liability due to accidental injury to your customers and other third parties.
You are also covered for your liability following accidental loss or damage to property of your customers, neighbours, landlord and other third parties. - Your Employees - Workmen’s compensation to your employees who suffer from injury or disease during employment, in accordance with the Labour Law applicable to your business.
Business Guard Retail provides additional protection by including employer’s liability coverage.
Contact Us
- Email: sme@chartisinsurance.com
Business Guard Forms
Business Guard Retail
It is a fact that businesses suffer from damaging events such as fire and floods everyday. Even the smallest event that interrupts your operation could ruin your client base and loyalty. We believe that it is not just about replacement or repairing lost or damaged items. It is about repairing your business and getting it back to where it was.
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Coverage at a Glance
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| 1.0 | Your Assets | Sum Insured/Limit |
|---|---|---|
| 1.1 | Property all risks Building, stock, contents, furniture, fixtures, decorations, supplies and business equipment | Up to a maximum sum insured of AED 10,000,000 |
| 1.2 | Money
|
|
| 1.3 | Breakage of fixed glass or signage | AED 5,000 |
| 1.4 | Additional assets:
Providing cover for damage to works of art, tapestry, business books, clothing, personal effects and more | Up to AED 5,000 per item
and AED 25,000 per event |
| 1.5 | Architect / surveyor / engineer fees | 10% of property sum insured |
| 1.6 | Fire protection costs | 10% of property sum insured |
| 1.7 | Debris removal | 10% of property sum insured |
| 1.8 | Goods in transit | AED 20,000 |
| 2.0 | Your Profits | Sum Insured/Limit |
| 2.1 | Business interruption (gross profit) | Up to a maximum sum insured of AED 5,000,000 |
| 2.2 | Loss of rent | Up to a maximum sum insured of AED 5,000,000 |
| 2.3 | Increased cost of working | Up to AED 100,000 |
| 3.0 | Your Liability | Limit (per event) |
| 3.1 | Public liability | AED 1,000,000 |
| 3.2 | Tenant’s liability | AED 1,000,000 |
| 3.3 | Non manual overseas business trips | AED 1,000,000 |
| 3.4 | First aid facilities | AED 1,000,000 |
| 4.0 | Your Employees | Limit (per event) |
| 4.1 | Workmen’s compensation | As per the Labour Law applicable to your business |
| 4.2 | Employer’s liability | AED 4,000,000 (per event and in the aggregate) |
| 4.3 | Medical expense cover | AED 15,000 (per employee per accident) |
| 4.4 | Repatriation expense cover | AED 15,000 (per employee per accident) |
| 4.5 | Traveling to and from residence/work | As per the Labour Law applicable to your business |
| Deductibles Per Section | ||
| Section 1: AED 500 shall be deducted before each payment made. For any damage by earthquake a deductible of 1% of the total sum insured with a minimum of AED 500 will apply.
Section 2: First three days. Section 3: AED 500 shall be deducted before each payment for third party property damage and no deductible will apply to third party bodily injury. Section 4: No deductible. | ||
| Excluded Business categories | ||
| ||
The information and descriptions contained herein are not complete descriptions of the products and services, but are for general informational purposes only. Please refer to the actual policy wording, which contains reductions, limitations, exclusions and termination provisions. If there is any conflict between the contents of this document and the policy wording, the policy wording will govern. These products and services are underwritten by American Home Assurance Company, a member company of Chartis Inc. Certain names, words, titles, phrases, logos, icons, graphics or designs may constitute trade names, registered or unregistered trade-marks of Chartis Inc. used under license by Chartis Inc