The shop insurance that helps you run your shop with peace of mind

Transcription

1 Shop Insurance Protecting your shop today for your peace of mind tomorrow The shop insurance that helps you run your shop with peace of mind In today s highly competitive business environment, you need every advantage to succeed. That s especially true when it comes to selecting the right insurance for your business. ICBC (Asia) and AXA General Insurance proudly present the ICBC (Asia) Shop Insurance (the Plan ) which is specially designed for shop owners. It combines all the essential business insurances in one simple packaged policy. Covers are provided for Shop Contents, stock, as well as employees compensation and legal liabilities. All Risks on Shop Contents and Stock Your Shop Contents including furniture, fixtures and fittings, decorations, machinery and equipment, and stock-in-trade for which you are responsible are covered on All Risks basis. Shop Contents up to the limit of (HKD) Any one item of shop machinery or equipment $100,000 Computer systems records per year $35,000 Any one document, card, tape file or transparency $5,000 Personal effects belonging to any $5,000 one employee in the shop Alterations or Repairs We will provide coverage for your Shop Contents if they are damaged during alterations or repairs, provided the contract value does not exceed HKD100,000. Temporary Removal This Plan covers loss of or damage to your Shop Contents (excluding stock) temporarily removed from your shop for cleaning, repairing and maintenance for not more than 3 months, up to 10% of the Shop Contents Sum Insured per year. Damage to Premises by Theft Covers loss of or damage to your shop premises caused by theft or attempted theft involving actual forcible and violent means to the shop, up to the limit of HKD20,000 per year. Damage to Property in the Open Covers loss of or damage to your Shop Contents including canopy which is left in the open caused by fire, lightning, explosion or vehicle impact, up to a limit of 5% of Shop Contents Sum Insured. Debris Removal We will pay for debris removal costs after an insured loss, up to 10% of your Shop Contents Sum Insured per year. Fire Extinguishing Expenses Covers the replacement or refilling costs of fire extinguishers and sprinklers following a fire or an explosion, up to a limit of HKD10,000 per year. Architects and Surveyors Fees We will pay the necessary fees for hiring professional architects and surveyors for the reinstatement of your shop after an insured loss, up to a limit of HKD5,000 per year. Locks Replacement This reimburses the cost of replacing damaged door locks due to theft or burglary to your shop, up to a limit of HKD2,000 per year. Roller Shutters and Gate We will pay for accidental damage to roller shutters and gate, up to a limit of HKD20,000 per year. Stock (if insured in this policy) up to the limit of (HKD) Any one item of trade samples $35,000 Any one item of stock-in-trade $35,000 Any one item of stock-in-trust $35,000 Stock in Transit Covers loss of or damage to your stock whilst in transit between your premises and anywhere in Hong Kong, up to HKD50,000 per year. Seasonal Increase Your Sum Insured on stock will be automatically increased by 20% during the peak sales season from November to March with no additional charge. Note: Excess for each and every loss is HKD1,000. Loss due to water damage subject to a minimum excess of HKD3,000 or 10% of the loss. Business Interruption (Free) This Plan indemnifies you up to HKD500,000 for additional expenditure you may incur after an insured loss to the Shop Contents and interruption of your business for more than 48 consecutive hours in order to avoid or minimise interruption to your business, for a period up to 12 months from the date of the damage. Denial of Access Covers you in the event that your shop is affected as a result of denial of access for more than 48 consecutive hours due to damage to neighbouring property, up to a limit of HKD500,000 per year. Professional Accountants Fees Your accountants charges for the purpose of claims verification required by the insurer are also covered up to a limit of HKD50,000 per year. Optional Cover Loss of Gross Profit, Gross Revenue and/or Wages This Plan provides optional protection on loss of gross profit, gross revenue and/or wages resulting from business interruption. Note: Time Excess - 48 Hours. Loss of Money (Free) Reimburses loss of cash, bank notes, cheques, money orders and postal orders up to the following limits per year (HKD): Crossed cheques and other non-negotiable items $300,000 Inside the premises during business hours $30,000 In transit in Hong Kong in the custody of you $30,000 or your authorized employees In a bank night safe $30,000 Inside the premises after business hours $20,000 and in locked safe or strongroom Inside the premises after business hours $5,000 but not in a safe or strongroom

2 Sundays and Public Holidays This Plan provides you extra protection on Sundays and Hong Kong public holidays (including the following day) when you are likely to have larger amount of money in the shop. As such, the limit will be automatically increased by 20%. Counterfeit Currency Covers up to HKD1,000 per year for counterfeit currency. Note : Excluding renminbi and all foreign currency. Damage to Safe, Strongroom or Cash Register Covers up to HKD10,000 per year for the damaged safe, strongroom or cash register caused by theft. Shop Assault - Personal Accident (Free) This Plan provides compensation for accidental death or permanent total disablement for you or your employees as a result of a robbery or attempted theft in the premises, up to maximum limit of HKD75,000 per person. We also cover you or your employees suffer from temporary total disablement, up to a limit of HKD25,000 per injured person. Glass Breakage & Neon Sign (Free) This Plan covers accidental breakage of fixed glass, neon signs, signboard and banner, up to a limit of HKD20,000 per year. Neon signs, signboard and banner installed should not exceed 5 meters from your shop premises or concession. Note: Excess for each and every loss is HKD1,000. Public Liability (Free) This Plan insures you against legal liability for third party bodily injury, and/or property damage arising from your business, up to a limit of HKD10,000,000 per year. Signboard Liability Overseas Visits Tenant s Liability Social and Sports Independent Contractor s Liability First Aid Food &/or Drinks Poisoning Note: Third party property damage excess for each and every loss is HKD1,000. Loss due to water damage to third party property subject to a minimum excess of HKD3,000 or 10% of the loss. Employees Compensation (Optional Cover) This Plan insures you as an employer under the Employees Compensation Ordinance and Common Law for bodily injuries to employees arising out of and in the course of employment, up to a limit of HKD100,000,000 per event. Eligibility This Plan is specially designed for retail shop owners. Type of Business within our underwriting acceptance. Note: Business such as restaurant and jewellery shop are typical examples that do not fit into the plan. Common Exclusions This Plan contains some exclusions such as: Loss or damage to portable computer / personal digital assistant (PDA) / mobile phone / communication device Losses due to shoplifting or mysterious disappearance Losses due to the fraud or dishonesty of any employee Shortage due to errors or omissions Loss or damage due to war, terrorism and kindred risks and government acts Loss or damage due to pollution and contamination Loss or damage due to IT/Cyber Risk Note: Please refer to the policy for complete details. A specimen policy can be made available upon request. Shop Contents and Stock Sum Insured We use a simple rating method for this particular Plan. All we require from you is to declare the Sum Insured of all your Shop Contents and stock. Claims for the loss or destruction of contents (other than stock and personal effects) will be settled on the basis of replacement as new. Please ensure the Sum Insured you declare is on the same basis. Premium Table Basic Cover Rate Shop Contents and Stock Minimum Premium HKD1,000 Business Interruption Additional Expenditure Loss of Money Shop Assault Personal Accident Glass Breakage & Neon Sign Public Liability Optional Cover Loss of Gross Profit, Gross Revenue and/or Wages Indemnity Period : 12 months Employees Compensation 0.4% Shop Staff Minimum Premium HKD500 N.B.: The above indicative premium table is applicable to general risk exposures with no claim/ loss incurred for the past 3 years. The Company reserves the right to amend the premium, terms or conditions upon the actual material facts before binding cover. Minimum premium is HKD1,000 for Shop Contents and Stock and HKD500 for Employees Compensation Section. All benefits and premium are in Hong Kong Dollars. AXA General Insurance Hong Kong Limited ( AXA General Insurance ) assumes full responsibility for the contents of this leaflet. The information of this leaflet is for reference only. AXA General Insurance is the insurance underwriter of Shop Insurance and is solely responsible for all coverage and compensation subject to the terms and conditions of the Policy. Industrial and Commercial Bank of China (Asia) Limited ( ICBC (Asia) ) is acting as an insurance agent for AXA General Insurance. Underwritten by : AXA General Insurance Hong Kong Limited If you do not wish to receive any promotional materials of ICBC (Asia), please inform the Data Protection Officer at 33/F, ICBC Tower, 3 Garden Road, Central, Hong Kong in writing. For details, please visit any of our branches and our Customer Service Officers will be pleased to provide you with more information. You may also call our Customer Service Hotline on or browse our website Free SSP-B-1111T-ICBCA

3 $100,000 $35,000 $5,000 $5,000 10,000 5,000 2, , ,000 50, ,000 10% 20,000 5% 10% 20,000 $35,000 $35,000 $35,000 50,000 20% 1,000 3,000 10% 48 $300,000 $30,000 $30,000 $30,000 $20,000 $5,000

4 20% 1,000 10,000 75,000 25,000 20, ,000 10,000, ,000, , % / / 1, ,000 3,000 10% SSP-B-1111T-ICBCA

5 ICBC (Asia) Insurance Department Level 36, Tower 1, Millennium City 1, 388 Kwun Tong Rd., Kwun Tong, Kln., Hong Kong Tel: (852) Fax: (852) Please fill in this form in English block letters and tick the boxes where appropriate Mandatory fields Shop Insurance Proposal Form AXA General Insurance Hong Kong Limited Proposer Details Full Name Mr Ms Company as printed on HKID/Business Registration Company/Correspondence Address Company/Contact Tel No. Shop Details Shop/Trade Name if applicable as printed on Business Registration Shop Address complete if different than above address Shop Location Below Ground Level Ground Level Above Ground Level Type of Business please give full details Insurance Cover Policy to commence on (dd/mm/yyyy) for one year. Basic Cover Shop Contents and Stock Shop Contents Stock Others please specify Total Sum Insured Optional Cover Sum Insured (HKD) Loss of Gross Profit Loss of Gross Revenue Wages Sum Insured (HKD) Indemnity Period 6 months 12 months Employees Compensation If this section is selected, please fill in the employee details below. Employee Details No. of Total Estimated Occupations of Employees Employees Earnings (HKD) Indoor Shop Staff Salesperson, Outdoor Merchandising Staff Hand Delivery Staff Others please specify Total Declaration Please read the following statements carefully and sign in the space provided. I declare that The premises/shops are solely occupied by me/my company as a shop and no processing and/or manufacturing of any kind is carried out within the shop. The premises/shops are built of brick or concrete and roofed with concrete, and is in good state of repair. I/My company have/has not suffered any loss in the past 3 years. No insurer has ever cancelled, declined, refused to renew or imposed special terms or conditions on any policy held by myself or my company. I/My company have not withheld any material information and accept that this proposal form and declaration shall be the basis of, and be incorporated in, the contract between AXA General Insurance Hong Kong Limited and myself or my company. I/My company declare that the information given herein is true and complete. I/My company understand that ICBC (Asia) may from time to time need to update the data in the Bank s records. I/My company acknowledge receipt of a circular relating to the Personal Data (Privacy) Ordinance setting out the purposes of which personal data supplied by me/my company may be used by ICBC (Asia), the circumstances in which such data may be disclosed to third parties and my/my company s rights in respect of such data. I/My company understand I/my company can obtain extra copies of the circular from ICBC (Asia) at any time. Proposer s Signature (with Company chop if applicable) Do not sign a blank form Important Notes to Proposer 1 Payment must accompany this proposal. 2 Any other facts known to you which are likely to affect acceptance or assessment of the insurance cover you are requesting must be disclosed. Should you have any doubt about what you should disclose, do not hesitate to ask AXA General Insurance Hong Kong Limited or ICBC (Asia). We recommend you keep a record (including copies of letter) for your future reference of any additional information given. Providing correct answers and making sure we are informed is for your own protection, as failure to disclose such information may mean that your policy will not provide you with the cover you require and may even invalidate the policy altogether. We reserve our right to accept or reject your application. 3 The liability of AXA General Insurance Hong Kong Limited does not commence until this proposal has been accepted by AXA General Insurance Hong Kong Limited and the premium paid. 4, / The information you provide may be disclosed to and used by AXA General Insurance Hong Kong Limited for insurance, claim and/or investigation related purposes If you do not wish to receive any promotional materials of ICBC (Asia), please inform the Data Protection Officer at 33/F, ICBC Tower, 3 Garden Road, Central, Hong Kong in writing. Date (dd/mm/yyyy) For Bank Use Only CI No. Branch / Department Code: Staff Name SSP-P-1111T-ICBCA