Shop Protector

Basic Cover

Section 1 - “Property All Risks" cover
This section offers protection to the stock and contents of your business (e.g. equipment, furniture, fixtures and fittings, tenant’s improvements and employees’ personal effects). In case the stock and contents are stolen or damaged by the typhoon, fire, flood or any other mishap, they will all be replaced by new, provided the sum insured represents the full replacement value.
 

• This section also provides the following special extensions at no extra costs:
  • Seasonal increase
    The sum insured will be automatically increased by 50% free of charge for the months of November, December, January, and February
  • Temporary removal
    Up to 15% of the sum insured under this section for loss of or damage to contents whilst temporarily removed from the business premises
  • Damage to advertising signs
    Up to HK$25,000 per occurrence and HK$50,000 in aggregate per policy period
  • Accidental breakage to fixed glass doors or windows
    Up to HK$100,000 per occurrence and in aggregate per policy period
  • Damage to shop premises caused by theft or attempted theft
    Up to 10% of the Sum Insured under section 1 per occurrence
  • Damage to Stock in a conveying vehicle
    Up to HK$75,000 per occurrence and in aggregate per policy period
• Deductibles
  • 10% of each and every loss due to water damage, subject to a minimum of HK$3,000
  • HK$2,000 due to damage to neon signs and/or roller shutter doors
  • HK$1,000 in respect of each and every other loss, other than fire, lightning, and explosions

Section 2 - Increased Cost of Working
This section gives you free protection for the additional cost of carrying on your business after a loss payable under "Property All Risks" cover for a period of up to 12 months. The sum insured automatically provided is HK$1,000,000. 

• Accountants' fees
  Up to HK$100,000 per occurrence necessarily and reasonably incurred for producing information required by Liberty
• Denial of access to or use of your shop for a continuous period of more than 48 hours in consequences of the loss of or damage to the neighbouring property caused by any peril insured under Section 1
• Failure of public utilities for a continuous period of more than 48 hours

Section 3 - Money and Assault
This section gives you free protection against loss of cash, checks, postal or money order, stored-value cards, and postage stamps, and provides compensation for the injury sustained by any employee as a result of actual or attempted robbery or hold up.

Loss of money

Description	Maximum Limit per occurrence (HK$)
In transit during business hours	HK$100,0001
At business premises during business hours	HK$100,0001
At business premises out of business hours in a locked safe or cash register	HK$100,0001
At business premises out of business hours not in a locked safe or cash register	HK$10,0001
In transit to and from and whilst at the residence of an authorised employee	HK$5,0001

Loss of crossed cheques, crossed postal orders, crossed money orders, crossed bankers draft

Description	Maximum Limit per occurrence (HK$)
Loss of crossed cheques, crossed postal orders, crossed money orders, crossed bankers draft	HK$500,0001

Damage to safes caused by theft

Description	Maximum Limit per occurrence (HK$)
Damage to safes caused by theft	HK$25,000

Fidelity Guarantee

Description	Maximum Limit per occurrence (HK$)
Fidelity Guarantee	HK$50,000/occurrence HK$100,000/year

Personal assault

Deductibles	Maximum Limit per person (HK$)
Death	HK$100,000
Permanent and Total Disablement	HK$100,000
Loss of both limbs	HK$100,000
Loss of sight of both eyes	HK$100,000
Loss of 1 limb and sight of 1 eye	HK$100,000
Loss of 1 limb or sight of 1 eye	HK$100,000

 ¹ The limits per occurrence will be increased by 50% for the months of November, December, January, and February

Section 4 - Public Liability 
This section covers your legal liability in respect of compensation for third party bodily injury and/or property damage arising in connection with the business operation. The limit of liability provided is HK$10,000,000. 

• Free cover extensions
  • Food and/or drinks poisoning
    HK$3,000,000 for any one accident/any one period of insurance
  • Independent contractor's liability
    If the contract value does not exceed HK$200,000
  • Overseas visits
  • Signboard liability
  • Tenant's liability
• Deductibles
  • HK$5,000 or 10% of the adjusted loss in respect of each and every loss or damage to the third-party property caused
  • HK$3,000 in respect of each and every other third-party property damage

Optional Cover:

Section 5 - Employees' Compensation
This section covers employers' liability to employees in accordance with the Employees' Compensation Ordinance and Common Law, for injuries or death arising out of employment up to HK$100 million per event.