Policy snapshot
A modular insurance plan offering comprehensive protection for commercial establishments by combining fire, burglary, liability, and operational risks into one policy.
What is Commercial Package Policy / Business Guard?
Business Guard or Commercial Package Insurance is a bundled solution for SMEs, with built-in or optional burglary and terrorism protection. Designed for flexible, cost-effective risk coverage.
What can it cover?
- The policy includes fire and special perils, burglary, loss of money, employee dishonesty, third-party liability, and breakdown of business equipment. Terrorism and riot/strike-related damages can be added based on need. It’s structured to suit the exact profile and exposure of the business.
Who should consider it?
- Retailers, clinics, small hotels, eateries, diagnostic centers, Service businesses and SMEs, Any business needing multi-risk coverage under one plan
Key features to understand
- {"heading": "Key Features", "bullets": ["Customizable modules: fire, theft, money, fidelity, liability", "Burglary cover included or added as per business type", "Terrorism cover available across modules", "Ideal for shops, hotels, restaurants, and SMEs", "Add-ons like loss of profits and machinery breakdown available"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.