Accidents can happen in industries despite all safety efforts, which can lead to significant losses. The Reliance Industry Care Insurance Policy covers you against the likely financial loss due to such events and allows you to resume operations without much delay
This policy covers your business against:
Fire and Allied Perils
Covers the structure of your business premises and contents therein, against:
- Fire
- Lightning
- Explosion/implosion
- Aircraft damage
- Riot, strike and malicious damage
- Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
- Impact damage
- Subsidence and land-slide including rock-slide
- Bursting and/or overflowing of water tanks, apparatus and pipes
- Missile testing operations
- Leakage from automatic sprinkler installations
- Bush fire
- Earthquake (fire and shock)
Business Interruption
- Covers business loss that occur due to fire and allied perils
Machinery Breakdown
- Cover for breakdown of electrical/mechanical appliances
- Cover for apparatus or gadgets
- Provided these belong to your business and are in the premises
Electronic Equipment and Appliances
- Provides all risk cover for electronic appliances such as medical equipment
- Includes cover for electronic installations, data carrying materials and software
Burglary and Housebreaking
- Cover for plant and machinery, furniture, fixtures and fittings, electrical installations, stock and stock-in-trade
- Items held in trust contained in the business premises are also covered
Money Insurance
- Provides coverage to loss of money against accident and misfortune while in:
- Transit from the business premises to bank and vice versa
- A safe at the business premises
- A till at the business premises
Goods in Transit
- Covers inward transit of raw materials, finished and semi-finished goods, spares, consumables, etc
- Compensates the outward transit of finished goods
Personal Accident
- Compensation for accidental death or bodily injury to principal officers/all employees
- Education grant and carriage of dead body are also paid for
Infidelity/ Dishonesty of employees
- Covers loss or damage caused by dishonest acts of employees
Legal Liability - To employee
- Compensation for accidents arising out of and in the course of employment
- Provides cover for legal liability to third parties
The policy does not cover:
- Loss or damage due to war and nuclear perils
- Loss or damage due to wear and tear and gradually developing flaws
- Consequential loss of any kind
- Excess as specified
- Loss without substantiation or mysterious disappearance
Available to small and medium size industrial houses having manufacturing or industrial risks for a sum insured up to Rs. 100 crores on a single location.
