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Shopkeeper's Policy

Shopkeepers Insurance Policy

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Key Features

Your Shop's Shield of Security

Coverage Highlights

Key benefits of this plan
  • Safeguard Your Business

Your shop is the most important aspect of your life. Running a shop, as simple as it may appear, is not without risk. In an uncertain world, our Shopkeeper's policy provides the necessary assurance. All types of shops such as electronics, grocery, FMCG, pharma, novelty, hardware shops, mall shops & more can be covered

  • Assets covered

Structure & building, Electrical & electronic equipments, furniture fixtures & fittings, stocks etc.

  • All-Round Protection for Your Shop

Our Shopkeeper’s Policy is a comprehensive policy that safeguards your shop against an array of risks like fire, flood, cyclone, riot, burglary, robbery, equipment breakdown, theft, fidelity, personal accident, and more to ensure your shop runs smoothly

  • Customizable Plans

You can choose from different available packages based on your specific needs, ensuring that you have the right coverage for your shops and stores

Inclusions

What's covered?
  • Fire and Allied Perils

Covers damages due to fire, lightning, explosion, aircraft damage, riot, strike, malicious damage, storm, cyclone, typhoon, tempest, hurricane, tornado, flood, inundation & many more. Waiver of under-insurance upto 15% is applicable if your sum insured is upto INR 50 crs

  • Burglary and Theft

Covers loss or damage to property and contents due to burglary or theft, including break-in attempts

  • Personal Accident Insurance

Covers accidental death, permanent total disability, permanent partial disability, and temporary total disability of Employees

  • Employee Compensation

Covers legal liability of the employer for accidental injury to employees during their work

  • Money Insurance

Covers loss of money due to theft, robbery, or burglary while in transit or stored in a locked safe within the Store/shop premises

  • Public Liability

Covers third-party legal liability arising out of accidental bodily injury or property damage occurring within the Store/shop premises

  • Electronic Equipment Insurance

Covers accidental damage, breakdown, and theft of computers, servers, and other electronic equipment used in the Shop/store

  • Plate Glass Insurance

Covers accidental breakage of fixed glass fittings, including display windows and partitions within the Shop/Store

  • Note

Please read policy wording for detailed inclusions

Exclusions

What's not covered?
  • Negligence, Willful Act

Loss or damage caused by or arising out of wilful act or wilful neglect or gross negligence of the insured

  • Normal Wear & Tear

Depreciation, regular wear and tear of property or equipment is not included in the policy

  • Consequential loss

Losses due to the interruption of your business or loss of profit are generally not covered

  • Sectional Exclusions & Excess

Exclusions, excess as per sections opted

  • Illegal Activities

Damages resulting from illegal or unlawful activities are excluded

  • War and Nuclear Risks

Damages caused by war, nuclear events, or radiation are typically not covered

  • Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?
  • Accidental Damage Cover

Covers accidental damage to property or contents, like spills or breaks

  • Electrical / Electronic Appliance Clause Cover

Covers damage to appliances from electrical faults or power surges

  • Impact Damage Cover

Covers damage from physical impacts, like a car or tree hitting your property

  • Snow Damage Cover

Covers damage from snow, like roof collapse or falling ice

  • Escalation Clause

Allows contract price increase if material or labor costs rise

  • Waiver of Involuntary Improvement

Protects against paying for unauthorized property improvements

  • Dewatering Expenses

Expenses for dewatering include pumping out water and drying areas, ensuring quick manufacturing resumption

  • Immediate Repairs

Insured may immediately begin repairs or reconstruction work of the insured property so that the normal operations return back to normal

  • More

Many more add-ons options available

Bajaj Allianz Shopkeeper’s Policy

Protect Your Shop with Comprehensive Insurance Coverage Get instant quotes online • Coverage up to ₹5 Crores • Claim settlement ratio 95%+

Your shop is the most important aspect of your life because it provides the majority of your income, i.e. bread and butter. Your daily routine begins with opening the shop and delivering goods and services to customers as needed. It is critical to protect your shop from various risks and contingencies. Running a shop, as simple as it may appear, is not without risk. In an uncertain world, insurance provides the necessary assurance.

The Bajaj Allianz Shopkeeper’s Policy is a comprehensive policy that combines various covers into a single policy. Under its protective umbrella, this package policy can protect you against an array of risks. A single policy, for example, can cover you for fire, flood, cyclone, riot, burglary, robbery, equipment breakdown, theft, fidelity, personal accident, and various risks. You can choose from different available packages based on your specific needs, ensuring that you have the right coverage for your risk profile.

What is Shopkeeper’s Policy? 

It provides insurance coverage for any physical loss, damage, or destruction caused by calamity to the insured property during the policy period. It also applies to furniture, stock, buildings and structures, contents, and so forth.

Key Features of the Bajaj Allianz Shopkeeper’s Policy Include: 

● Waiver of 15% Underinsurance

● Theft cover within 7 days of event occurrence

● Offering in-built coverages for:

 1.Earthquake

2.Terrorism

3.Forest Fire

4.Removal of debris

5.Professional fees

6.Additions, alterations, or extensions

7.Temporary removal of stocks

8.Stocks on a floater basis

And many more

In the event of a loss or damage, if the sum insured is less than the amount that must be insured, the insured's recoverable amount is reduced. This is referred to as a waiver of underinsurance. As you will be responsible for the difference and the proportionate loss share, it should not be less than 85% of the value of the assets insured.

Consider the Following Examples to Help You Understand 

The Bajaj Allianz Shopkeeper's Policy insurance for your business covers an insured amount of Rs. 5 crore. At the time of the loss, the value at risk for insurable items was determined to be Rs. 5.5 crores. A loss of Rs. 1 crore has occurred. The amount of underinsurance is 9%. We will take into account the full claim of Rs. 1 crore because it is less than 15%. The payment is subject to the independent surveyor's excess deduction and other adjustments. The Bajaj Allianz Shopkeeper's Policy's terms and conditions will govern the amount of your claim.

or

Your shop is secured with a Bajaj Allianz Shopkeeper's Policy. The structure has been insured of Rs. 3 crores and stock with Rs. 1 crores. The structure is worth 3.5 crore rupees, while the stock is worth 1.5 crore rupees. The fire burns the stock of Rs. 50 lakhs. We are unable to waive the 20% underinsurance on the stock. Only your request for payment of Rs. 40 lakhs (or 80% of Rs. 50 lakhs) should be taken into consideration. The payment is subject to the independent surveyor's excess deduction and other adjustments. The Bajaj Allianz Shopkeeper's Policy's terms and conditions will govern the amount of your claim.

Different Micro Small and Medium Level Businesses can benefit from a Bajaj Allianz Shopkeeper's insurance policy.

Why is Shop Insurance Required? 

Running a shop involves daily risks—be it from fire, theft, natural calamities, or accidental damage. Without insurance, a single unexpected event can lead to massive financial loss, disruption in operations, or even permanent closure. Shop insurance provides a vital safety net, protecting your assets such as the shop structure, inventory, electronics, and more. Additionally, it covers liabilities like accidents involving third parties or employees. Whether you're operating a grocery store, hardware outlet, or a boutique, this policy ensures continuity and peace of mind. It also reassures lenders, suppliers, and customers of your business stability. In today’s unpredictable world, having retail insurance isn’t just advisable—it’s essential.

Benefits You Deserve

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Simple & Easy Buy Process

Get policy details and pricing in minutes

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Customisable policy

Customization of coverage as per choice of section & risk opted

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Reduced Gaps

Minimizes the risk of coverage gaps that may occur when using multiple policies

Benefits of Shop Insurance

Shop insurance offers extensive protection for shop owners against a wide range of perils. First and foremost, it safeguards the structure and contents of your shop from damages caused by fire, flood, cyclone, earthquake, and other natural disasters. It also protects against man-made risks such as burglary, theft, vandalism, and riots.
Another major advantage is liability coverage—this ensures you are financially protected in case of legal claims due to injury or property damage occurring on your premises. Shop insurance policies often include employee compensation and personal accident cover, providing security to your team and their families.
With electronic equipment coverage, you’re also shielded from losses due to breakdowns or theft of POS systems, computers, or servers. Some plans offer additional protection like money insurance for theft in transit, and plate glass coverage for your shop displays.
Moreover, the policy offers customizable packages, allowing you to tailor your insurance plan to match the specific requirements of your business. This flexibility ensures you only pay for what you need, while maintaining maximum coverage. Overall, shop insurance helps ensure business continuity, improves credibility, and offers peace of mind against everyday uncertainties.

Who Needs Bajaj Allianz Shopkeeper’s Policy? 

Anyone who owns a shop should think about choosing a Bajaj Allianz Shopkeeper's Policy. This policy is perfect for all micro, small, and medium-sized businesses, including retail and wholesale stores and other types of shops.

Examples for Better Understanding: 

● Owner of a business property

● Tenant/Lessee/Buyer of a business property

● A trustee acting under commission and holding a business property

Note: At the start of the policy, the total value of all insurable assets (whether they are insured or not) at any one location should not exceed Rs. 5 crores.

The Bajaj Allianz Shopkeeper's Policy offers comprehensive coverage within a single insurance policy, so it should not be overlooked. You may not require additional business insurance as you are protected from a wide range of potential risks and contingencies. Additionally, the following

examples will help you understand how having our Shopkeeper's Policy is beneficial:

1. Karan owns a clothing store. One day, a short circuit causes his store to catch fire. Buildings, Stock, and Furniture are all impacted by the fire incident. Karan has a Shopkeeper's Policy from Bajaj Allianz that covers Stock, Building and Furniture. In this instance, we will compensate Karan for his losses in accordance with the claim amount determined by an IRDAI-licensed surveyor. This will be following Bajaj Allianz Shopkeeper's Policy terms and conditions.

2. Arjun is the proprietor of a shop selling home appliances. One day, a flood or other inundation has an impact on his shop. Stock and furniture are impacted due to it. Arjun has a Shopkeeper's Policy from Bajaj Allianz that covers Stock and Furniture. In this instance, we will compensate Arjun for his losses in accordance with the loss estimate provided by an IRDAI-licensed surveyor. This will be following Bajaj Allianz Shopkeeper's Policy terms and conditions.

*T&C apply

Disclaimer:The above-mentioned information is only indicative in nature. For details of coverage and exclusions, please refer to the policy wording.

Eligibility Criteria to Buy Shopkeeper’s Policy 

To help you understand who can receive the policy, here is a quick summary:

● To anyone whose total risk, across all classes of insurable assets, at one location, does not exceed Rs. 5 crores.

● If more than one person is covered by the policy, each of you must be a joint policyholder.

● The policy will include an "Agreed Bank Clause" and the name of the bank if the insured property has been hypothecated, pledged, or mortgaged with the bank. For those items whose value cannot be determined, the amount agreed upon by the insurer and insured is referred to in this clause.

Add-ons Under Shopkeeper Insurance 

Add-ons in a shopkeeper insurance policy enhance the overall protection of your business. These optional covers can be selected based on the unique needs of your shop. For example, Accidental Damage Cover ensures protection against unexpected mishaps like spills, drops, or minor damages to property or stock.
Electrical Appliance Clause protects electronic goods and appliances from power surge-related damages. Impact Damage Cover safeguards your shop against physical impacts like a falling object or vehicle collision.
For areas with snowfall risk, Snow Damage Cover is valuable. The Waiver of Involuntary Improvement ensures you're not penalized for property upgrades you didn’t authorize. Dewatering Expenses cover water removal after flooding.
Other valuable add-ons include the Escalation Clause, which adjusts the sum insured to match inflation in labour or material costs, and Immediate Repairs Cover, which allows you to start urgent repairs without waiting for insurer approval—helping resume operations faster.

Types of Shops Covered Under Shop Insurance 

Retail insurance is designed to cover a wide range of shop types, ensuring comprehensive protection across industries. It’s ideal for both small businesses and large-scale retail operations.
Grocery Stores and Supermarkets are covered for their perishable stock, fixtures, and electronic billing systems. Pharmacies benefit from protection for medicinal inventory and refrigeration units. Electronics and Mobile Stores are covered for high-value goods, display items, and gadgets prone to theft.
FMCG outlets and Department Stores can secure their diverse inventory and large footfall risk. Hardware and Home Improvement Shops are insured for their tools, power equipment, and building materials.
Fashion Boutiques and Jewellery Shops gain protection for high-value items, both on-display and in storage. Toy Stores, Bookshops, and Stationery Stores are safeguarded against accidental fire, theft, or flood damage.
Mall Stores and Franchises can benefit from comprehensive coverage across multiple locations or kiosks. Even novelty gift stores and small local retailers are eligible for shop insurance.
Regardless of size or type, any shop with physical premises, stock, fixtures, and employee interactions stands to benefit from the protection offered under the shopkeeper insurance policy.

Documents Required for Shopkeeper Insurance 

To purchase a Shopkeeper Insurance policy, only a few essential documents are needed. These typically include:

●      Proof of Identity (Aadhaar Card, PAN Card, etc.)

●      Proof of Address (Electricity Bill, Rental Agreement, etc.)

●      Shop Registration Certificate or Trade License

●      GST Registration Certificate (if applicable)

●      Inventory List and Asset Valuation (for calculating sum insured)

●      Bank Details for premium payments and claim settlement

These documents help verify business authenticity and accurately determine your coverage needs. The documentation process is quick, hassle-free, and largely paperless for faster policy issuance.

How to Compare and Select the Shop Insurance Online? 

When choosing a shop insurance plan online, comparison is key. Start by evaluating coverage scope—ensure the policy covers fire, theft, natural disasters, employee injury, and electronic equipment breakdown. Next, check for add-ons like accidental damage, dewatering expenses, or plate glass insurance that fit your business needs.
Compare premium costs vs. sum insured, and ensure there’s a waiver for underinsurance if applicable. Analyse claim settlement ratios and customer reviews of insurers to judge reliability and service quality.
Use online tools like premium calculators for transparency. Look for insurers offering customizable packages, quick claim processes, and 24x7 support.
Finally, choose a reputable brand which combines extensive coverage with trusted service. A well-researched decision can mean uninterrupted business and peace of mind.

Shop Insurance Premium Calculator 

A Shop Insurance Premium Calculator is an online tool that helps estimate the premium cost of your shop insurance policy based on various inputs. It typically requires details such as the location of the shop, area in sq. ft., type of business, value of assets, inventory worth, and desired coverage options or add-ons.
By entering accurate data, you can get an instant quote and compare different plans or insurers. This helps in better budgeting and makes decision-making easier without guesswork. You can also tweak variables to see how they affect premium cost.
The premium calculator ensures transparency, speed, and personalized planning so that you only pay for what you need. It’s a helpful tool for business owners looking for efficient, cost-effective retail insurance coverage.

Why Choose Bajaj Allianz General Insurance for Shop Insurance?

Bajaj Allianz General Insurance stands out as a trusted name in commercial insurance, offering comprehensive and flexible Shopkeeper Insurance solutions tailored to Indian business needs. With a high claim settlement ratio, robust customer support, and a pan-India network, the brand ensures both reliability and reach.
You get coverage for everything from fire, theft, and natural calamities to public liability, employee compensation, and more. Add-ons like immediate repairs, snow damage, or electrical breakdown make your protection holistic.
The customizable plans allow shop owners to choose the level of protection they need, making it cost-effective. The digital onboarding, fast documentation, and easy claim processing help business continuity without delays.
Whether you run a pharmacy, electronics outlet, grocery store, or mall shop, We ensure your business is covered from every angle—so you can focus on growth, not risk.

Download Policy Document

Get instant access to your policy details with a single click.

Trusted Risk Advisor

Mobile Self Risk Assessment

PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client

Instant Generation of Risk Report

It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client

Step-by-Step Guide

To help you navigate your insurance journey

How to Buy

  • 0

    Visit the Bajaj Allianz General Insurance website

  • 1

    Fill in the lead generation form with accurate details

  • 2

    Get quote, make payment and receive the policy documents

How to Renew

  • 0

    Contact the Policy Issuing Office

  • 1

    Review expiring policy and share necessary details

  • 2

    Receive renewal quote

  • 3

    Make renewal payment

  • 4

    Receive the renewed policy documents via email

How to Claim

  • 0

    Contact us through our customer service touchpoints

  • 1

    Submit the claim form along with the necessary documents

  • 2

    Provide details of the incident and any supporting evidence

  • 3

    Cooperate with the claims investigation process

  • 4

    Receive the claim settlement as per the policy terms

Know More

  • 0

    For any further queries, please reach out to us

  • 1

    Toll Free : For Sales :1800-209-0144

  • 2

    Email ID: bagichelp@bajajallianz.co.in

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What Our Customers Say

Coverage Benefits

The policy provides coverage against fire, burglary, natural disasters, and accidental damage. It ensures complete protection for business premises and assets, giving peace of mind to business owners.

alt

Meena Sharma

New Delhi

4.7

10th Jan 2025

Buying Bajaj Allianz Commercial Property Insurance

Buying my Commercial Property Insurance from Bajaj Allianz was effortless. The process was clear, quick, and hassle-free. I received my policy instantly, ensuring my business is well-protected.

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Rajesh Malhotra

Andhra Pradesh

4.8

5th Feb 2025

Business Eligibility

The policy caters to various businesses, from small shops to large commercial establishments. Coverage is designed to protect property, stock, and essential business assets.

alt

Vikram Oberoi

Gujarat

4.9

22nd Dec 2024

Customisation and Add-Ons

The policy offers various add-ons like loss of rent cover, debris removal, and architect fees, providing enhanced protection tailored to your business needs.

alt

Rohit Mehta

Uttar Pradesh

4.9

5th Oct 2024

Claim Settlement Process

Bajaj Allianz ensures a quick and transparent claims process. With proper documentation, claims are processed efficiently, minimising business downtime.

alt

Rohit Mehta

Uttar Pradesh

4.8

15th Feb 2024

FAQ's

Why is Shop Insurance necessary?

Shop insurance is essential to protect your shop from unexpected risks like fire, theft, natural disasters, equipment breakdown, and third-party liabilities. It ensures your business operations don’t come to a halt financially during unforeseen events, helping you stay secure and stress-free.

Which businesses should invest in Shop and Small Business Insurance?

Any business operating from a physical shop—such as grocery stores, pharmacies, garment shops, electronics outlets, salons, hardware stores, or stationery shops—should invest in shop insurance. It’s equally useful for both small businesses and large retail chains.

What type of insurance is needed for a shop?

A shop requires retail insurance or shopkeeper insurance that covers the shop structure, contents, stock, liability, money in transit, and risks like fire, burglary, or natural disasters. It ensures business continuity and financial safety.

What is shopkeeper's policy?

Shopkeeper's policy is a specialised policy designed to protect small businesses and retail shops from risks like fire, theft, natural disasters, and third-party liabilities. It also covers business assets such as inventory, furniture, and fixtures, ensuring financial stability in case of an unexpected event.

Who should buy shopkeepers Insurance?

Anyone who owns a shop should think about choosing a Shopkeeper's Policy. This policy is perfect for all micro, small, and medium-sized businesses, including retail and wholesale stores and other types of shops

Can I customise my shopkeeper insurance policy?

Yes, Bajaj Allianz allows shopkeepers to tailor their policy by choosing relevant add-ons. Optional covers like loss of rent, machinery breakdown, and public liability insurance can be added to enhance protection. This ensures comprehensive security based on the business’s specific needs.

What is shop insurance and why do I need it?

Shop insurance is a comprehensive policy that protects your business against financial losses from fire, theft, natural disasters, and liability claims. It covers your shop structure, inventory, equipment, and provides legal protection. Without insurance, a single incident could lead to massive financial loss or business closure.

Is GST registration mandatory for shop insurance?

GST registration is not mandatory for purchasing shop insurance. However, if you have GST registration, it helps in faster processing and may qualify you for certain benefits. You'll need basic documents like shop license, ID proof, and address proof.

Is earthquake damage covered in shop insurance?

Yes, earthquake damage is included as standard coverage in our shopkeeper insurance policy, unlike many insurers who offer it as an add-on. This includes damage from tremors, landslides, and rockslides caused by earthquakes.

What level of cover do I need?

The level of coverage depends on the size of your shop, type of goods stored, business turnover, location, and assets like furniture, electronics, or inventory. Choosing adequate sum insured ensures you’re not under-covered in case of a major loss.

What are the optional covers to be clubbed with Shop Insurance?

Optional covers may include loss of money, personal accident, employee compensation, plate glass insurance, electronic equipment insurance, and public liability. These add-ons enhance protection tailored to the unique needs of your shop.

What is Loss of Money cover?

Loss of money cover safeguards against financial loss due to theft, robbery, or burglary of cash during transit or while securely locked within the shop premises. It’s vital for businesses handling regular cash transactions.

What are the plans under Shop Insurance?

Shop insurance offers flexible plans ranging from basic fire and theft coverage to comprehensive policies covering multiple risks like natural calamities, third-party liability, equipment breakdown, and personal accident—all customizable to your business needs.

Can I purchase Shopkeeper Insurance online?

Yes, Bajaj Allianz allows you to buy shopkeeper insurance online quickly and conveniently. You can compare plans, select add-ons, and get insured within minutes with minimal documentation—all from the comfort of your home or office.

Can I customize a Shopkeeper Insurance policy?

Yes, you can. With insurers like Bajaj Allianz, you can tailor your policy with various add-ons and choose the sum insured based on your shop type, location, and risk appetite. Customization helps align the policy with your exact needs.

What does Shopkeeper Insurance include?

Shopkeeper insurance typically includes protection against fire, flood, burglary, riots, equipment breakdown, theft, money loss, and third-party liability. It also covers personal accidents and employee compensation in many comprehensive plans.

What does shopkeeper Insurance cover?

It provides insurance coverage for any physical loss, damage, or destruction caused by calamity to the insured property during the policy period. It also applies to furniture, stock, buildings and structures, contents, and so forth

Can I customize my shopkeeper's insurance policy?

Yes, you can. With insurers like Bajaj Allianz, you can tailor your policy with various add-ons and choose the sum insured based on your shop type, location, and risk appetite. Customization helps align the policy with your exact needs.

How much does shopkeeper insurance cost?

Shopkeeper insurance premiums typically range from ₹5,000 to ₹50,000 annually, depending on your shop size, location, type of business, and coverage amount. Factors affecting premium include:

  • - Shop area and location
  • - Type of goods sold
  • - Security measures in place
  • - Claim history Use our online premium calculator for instant quotes.

What does shop insurance cover?

Our comprehensive shop insurance covers:

  • - Property Damage: Fire, lightning, explosion, natural disasters
  • - Theft & Burglary: Inventory and equipment theft
  • - Public Liability: Third-party injury or property damage
  • - Employee Compensation: Workplace injury coverage
  • - Electronic Equipment: Computers, POS systems, servers
  • - Money Insurance: Cash in transit or stored in safes

How can I claim shopkeeper Insurance?

In case of damage or loss, notify Bajaj Allianz immediately and provide necessary documents, such as a claim form, incident report, and proof of damage. The insurer will assess the claim and settle the compensation as per policy terms.

What happens to my shopkeepers' insurance policy if I sell my shop?

If you sell your shop, you must inform your insurer. The policy can either be cancelled or transferred to the new owner after evaluation and approval. Without updating the insurer, the policy may become void during a claim.

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