Burglary Insurance policy is cover against burglary and/or theft (i.e. theft following actual forcible and violent entry of and / or exit from the premises, robbery or loss during hold up). The policy covers office contents or property contained in warehouses, shops, in business premises, stocks owned, or for which insured is responsible or held in trust and/or commission. The policy may be extended to cover cash in safe or strong room and also damage to the premises or loss/damage to property during hold-up.
The cover may extend the policy to include loss of the insured property to cover
Businesses that take Burglary cover are classified under different categories e.g.
Class 1 (Business)
The risk is considered to be low on this category
For example Bakers, Confectioners, Butcheries, Fritterers, Stationers (No Fancy Foods), Dairies, Offices, Fishmongers, Grocers (Retail), Furniture Dealers, Dry cleaners/launders, Posho Mills, Schools, Hospitals, Membership Clubs
The risk exposure is considered average
Sporting Goods Dealers, Merchants and Iron Mongers (excluding Copper Wire), Cutlers and Leather Factories, Hotels, Grocers (Wholesale), Opticians, Builders, Hardware shops
The risk is considered high for this category
Cycles and Cycles Accessories Dealers, Tea Coffee Merchant, Engineers Electrical and others excluding (Copper Wire), Clothing and Blanket Manufacturers, Video Libraries, Hair dressers, Chemists/Pharmacists, Boot and shoe wholesale and retail, Cereal builders, Studios, Publishers, Motor and motor accessories dealers.
Requirements for quotations
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