The Shopkeepers Insurance Policy covers all the probable risks and perils faced by small to medium shop owners. It provides protection for the property and the interests of the insured and his partners in the business venture.

The shop keepers insurance policy contains 11 sections which are: the shop building, its contents, money stored in transit/ counter/ safe, pedal cycle, plate glass, neon and glow signs, baggage, fidelity of the employees, the owner's public liability, workmen's compensation liability as well as interruption of business.

Shops employing manufacturing processes do not come within the ambit of Shopkeepers' Insurance policy. This policy is applicable to shops where the value at risk including the building (if owned by the insured) does not exceed Rs.10 lakhs during the policy year. Commercial outlets with a larger value at risk have to obtain separate coverage for different perils.

Loss or damage to livestock, motor vehicles, security stamps, deeds, bullion, bonds, bills of exchange, stocks and share certificates, promissory notes, business documents, manuscripts, precious stones and valuables cannot be claimed under the shopkeeper's insurance policy.

Other prominent exclusions include any misdemeanour involving any partner or employee of the insured or his family member as principal or accessory in a housebreaking case. The insured cannot invoke the fidelity guarantee regarding any infidelity by a person other than a salaried employee of the insured.