Kshema Bharat Laghu Udyam Suraksha
A Kshema product
The Kshema Bharat Laghu Udyam Suraksha policy provides comprehensive protection to the hard-earned investments in your small business from loss due to unexpected risks and damages.
- Protect your Buildings, Plants, Machinery and other contents
- Mitigate loss from contracts cancelled due to the damage
- Multiple locations covered including raw material and stock storages
Why Choose Kshema Bharat Laghu Udyam Suraksha?
Comprehensive Coverage
Protects your business assets from various perils.
Affordable Premiums
Get extensive protection at affordable rates.
Quick & Hassle-Free Claims
A seamless claims process for your convenience.
Customizable Add-ons
Enhance your policy with tailored add-on covers.
Protect your business assets from
Fire
Bush Fire
Missile testing operations
Acts of terrorism*
Subsidence & Landslide
Explosion/Implosion
Lightning
Earthquake
Riot & Strikes
Storm, Tsunami, Flood etc.
Theft (within 7 days) **
Impact damage
Bursting or overflowing
Leakage from Automatic Sprinkler Installations
Frequently Asked Questions
- Standard Cover for the building and structures, plant and machinery, stock and other assets relating to Your business.
- In built Covers
- Additions, alterations or extensions
- Temporary removal of stocks
- Cover for Specific Contents
- Start-Up Expenses
- Professional fees
- Costs for removal of debris
- Costs compelled by Municipal Regulations
Inbuilt perils cannot be excluded.
In these products, underinsurance is waived up to 15%, but beyond that underinsurance is applicable to full extent
Yes. Excess amount of 10,000/- for each claim is deducted and remaining is paid.
- Floater Cover For stocks at multiple locations under one sum insured.
- Declaration Policy for Stocks For frequent fluctuations in stock values on a declaration basis
Yes, there is an option to increase the coverage by means of add-ons.
It is new replacement value where the idea is to put the insured in the same position as he was just before happening of the incident/claim.
Impact damage of any kind means damage caused by impact, or collision caused by, any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.). It is similar to the traditional accidental damage
Partial Selection of asset is not allowed. The policy allows cover for complete value of plant and machinery, Stocks and FFF at the risk premise.
Losses / damage due to theft will be covered within 7 days from occurrence of an Insured peril.
For building, plant and machinery, furniture, fixture and fittings and any other contents:
Reinstatement Value For Stocks:
- For raw material: Landed Cost at your premises
- For stock in process: Input Cost of the stock at the time of damage,
- For finished stock: the Manufacturing Cost of the finished stock or the Contract price of goods sold but not delivered.
Yes, you can cancel the policy anytime during its period and a portion of the premium will be refunded. We can cancel only for misrepresentation, non-disclosure, fraud, or non – cooperation from your side
The policy will continue for the benefit of your legal representatives until the policy expires
Extension of short period policy is not possible, however annual policy can be issued on completion of short period.
The cover protects You during the period of the policy which is not more than one year
You must pay premium in advance. The insurance cover begins only after Insurer receives Your premium.
Notify the insurer immediately, report to appropriate authorities, take steps to prevent further damage, preserve evidence, assist the insurer, and submit the claim form within 30 days
If value of Insurable Assets either exceeds ₹ 50 Crore or reduces below ₹ 5 Crore during the Policy Period then Bharat Laghu Udyam Suraksha policy will continue till the expiry of the policy. However, on renewal, Bharat Laghu Udyam Suraksha policy has to be replaced with the applicable policy.
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