One policy over your whole office
Fire, theft, equipment breakdown, staff cover, liability and lost income. Twelve sections of protection in a single Office Umbrella Policy, for offices of every size.
Why an Office Umbrella Policy?
Your office is where you meet your clients and earn your living. You do your best work when accidents and losses aren't on your mind. The policy covers the probable risks and perils that offices, small to large, are likely to face. It protects both your property and your interests in the business.
The Norisk Advantage
Independent & Unbiased Advice
We are not tied to a single insurer. Our goal is to secure the best coverage at competitive premiums.
Customized Plan Design
We analyse your employee demographics and claims history to design cost-effective coverage.
End-to-End Support
From policy issuance to claims assistance and renewals, we manage the entire process.
Claims Assistance
Dedicated support team to help employees with cashless approvals and reimbursement claims.
Annual Review & Negotiation
We negotiate with insurers during renewal to optimize premiums and benefits.
Salient features
Discover the key benefits and features that make your coverage more valuable.
- Available for any office of pucca construction.
- Office" means premises used solely for business or profession as an office. Premises that house manufacturing units, shops dealing in hazardous goods, or godowns holding hazardous goods are not eligible.
- The policy schedule is a proposal-cum-schedule. You fill in the details and sign the declaration.
- Tenants must take at least four sections, with Section 2A compulsory. Owners must take at least five sections, with Sections 1 and 2A compulsory.
- Discounts apply when you take cover under more than five sections.
- Long-term policies of up to 4 years are available at a discount.
- Renewal discount is available.
- All Risk cover for medical establishments on medical equipment, and surgical or dental instruments, anywhere in India.
- Computers and related electrical or electronic equipment at your premises can be covered against fire, housebreaking, and electrical or mechanical breakdown.
- Laptops owned by the office can also be covered.
- The policy is on a reinstatement basis.
- Sum insured is reinstated automatically after a loss for all sections except Personal Accident, Fidelity Guarantee, Public Liability and Workmen's Compensation.
- Cover applies within India only, except Section 6C (Portable Computer), Section 8 (Personal Accident) and Section 10 (Baggage).
- Business Interruption cover requires a Permanent Account Number (PAN).
- Risk of terrorism can be covered for an additional premium.
Choosing your sum insured
Select the right coverage amount to match your needs, risks, and budget.
Excess you bear on a claim
Different sections carry different deductibles.
| Sections | Excess |
|---|---|
| Building, office contents, tenant's liability, medical equipment, additional expenses for alternate accommodation (Sections 1, 2 and 7) | Act of God perils: 5% of the claim amount, minimum Rs 10,000. Other perils: Rs 10,000. |
| Electronic equipment, breakdown of office equipment, baggage (Sections 6, 9 and 10) | Rs 1,000 |
| Business Interruption (Section 12) | 3 days (time excess) |
General exclusions
SThe policy does not cover loss or damage:
- Caused by war and allied perils;
- Caused by nuclear radiation and related causes;
- From deliberate non-compliance with statutory provisions or technical standards;
- From consequential losses of any type.
What the policy covers?
The policy has 12 sections. Choose a group, then open a section to see what it covers and what it doesn't.
Covered
Loss or damage to the building, including the landlord's fixtures and fittings, boundary walls and fences, caused by standard fire and special perils including earthquake, robbery and dacoity. The company also pays for removal of debris.
Not Covered
- Loss or damage caused by employees, partners of the insured's business or profession, or the insured's household acting as principal or accessory.
Covered
Business furniture, furnishings, safes, office machinery, electrical appliances, printed books, unused stationery, fixtures and fittings, documents, telephone installations, gas and electric meters, and equipment not covered in Sections 2C and 6A.
Not Covered
- Motor vehicles, pedal cycles, bonds, securities, jewellery, cash and valuables.
Covered
Your legal liability as tenant for damage to the office building and the landlord's fixtures and fittings caused by the perils covered in Section 2A.
Not Covered
- Motor vehicles, pedal cycles, bonds, securities, jewellery, cash and valuables.
Covered
Loss or damage to surgical instruments and medical or dental equipment due to accident or misfortune.
Not Covered
- Loss from over-running, leakage of electricity or lightning, self heating, short circuiting, or electrical and mechanical derangement.
Covered
Accidental breakage of fixed plate glass, sanitary fittings and neon signs in the insured building.
Not Covered
- Breakage of frameworks, and disfiguration or scratching of glass, sanitary fittings and neon signs.
Covered
Loss or damage to the electronic equipment installation, or any item of it, described in the schedule, and to data carrying material.
Not Covered
- Design or workmanship defects.
- Equipment more than 5 years old.
- Maintenance expenses.
- Consequential loss.
Covered
Damage to data held on data carrying materials, or to programmes.
Not Covered
- Data carrying materials not stored as the maker instructs, or stored longer than instructed.
- Intrinsic value of data or programmes.
Covered
Loss or damage to a portable computer and its data carrying material.
Not Covered
- Design or workmanship defects.
- Equipment more than 5 years old.
- Maintenance expenses.
- Consequential loss.
Covered
Breakdown of the office's electrical or mechanical appliances, apparatus, gadgets or installations not older than 10 years.
Not Covered
- Design or workmanship defects.
- Equipment more than 10 years old.
- Maintenance expenses.
- Consequential loss.
Covered
Loss of money due to any accident or misfortune:
- in transit between any two places within a 25 km radius
- cash in a safe, steel cupboard or cash box under lock and key, due to housebreaking
- cash in till or on the counter during business hours, following assault, violence or threat
Not Covered
- Loss where an employee or family member of the insured is involved as principal or accessory.
- Loss from fraud or dishonesty of any director or employee.
- Money entrusted to anyone other than the insured or an authorised employee.
Covered
Direct financial loss from fraud or dishonesty (forgery, embezzlement, larceny) by your salaried employees.
Not Covered
- More than one claim in respect of any one employee.
Covered
Death or bodily injury by accidental, violent, external and visible means to you and your employees, up to 10 times annual salary. Weekly compensation during hospitalisation. Ages 16 to 65. Medical expenses can be added.
Not Covered
- Exceptions as per the PA policy, such as suicide or attempted suicide, self-injury, and death or injury while committing a breach of law with criminal intent.
Covered
Loss or damage to your baggage due to accident or misfortune while on a journey anywhere in the world.
Not Covered
- Cash, jewellery, travel tickets, consumable goods and loose articles.
Covered
Your legal liability to the public for bodily injury or accidental death.
Not Covered
- Liability to any partner, director, member of managerial staff or salaried employee of the insured.
Covered
Your legal liability to your employees under the Workmen's Compensation Act.
Not Covered
- Liability to any employee who is not a workman within the meaning of the law.
Covered
Extra expense of alternative accommodation when the insured premises are destroyed or damaged by Section 1 perils and become unfit for occupation.
Not Covered
- The company's liability is limited to 25% of the sum insured on office contents in Section 2A.
Covered
Loss of gross income, and accountant's charges.
Not Covered
- Aggravation of loss due to restrictions imposed by public authorities.
Covered
Increased cost of working while your business is interrupted.
Not Covered
- Aggravation of loss due to restrictions imposed by public authorities.
Get Your Free Quote
It only takes a few minutes to secure your coverage.
What we offer
The right shield for your profession and peace of mind.
Speak to a Our Advisor
Book a free 30-minute call around your clinic or hospital investment journey. We listen first, then suggest a plan.