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 Shop Protector Insurance
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Liberty's Shop Protector is a simple all-in-one insurance
solution exclusively designed to meet the needs of Hong Kong's dynamic retailing environment.
This insurance solution offers protection for your shop, trade contents, stocks as well as
increased cost of working and legal liabilities, all in a very reasonably priced policy.
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Basic Cover
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'Property All Risks' Cover
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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 typhoon, fire, flood or any other
mishap, they will all be replaced by new provided the sum insured represents the full
replacement value.
a) This section also provides the following special extensions at no extra costs:
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Seasonal increase
The sum insured will be automatically increased by 50% free of charge for the months of
November, December, January, and February.
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Temporary removal
Up to 15% of sum insured under this Section for loss of or damage to contents whilst
temporarily removed from the Business Premises.
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Damage to advertising signs
Up to HK$25,000 per occurrence and HK$50,000 in aggregate per policy period.
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Accidental breakage to fixed glass doors or window
Up to HK$100,000 per occurrence and in aggregate per policy period.
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Damage to shop premises caused by theft or attempted theft
Up to 10% of the Sum Insured under Section 1 per occurrence.
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Damage to Stock in a conveying vehicle
Up to HK$75,000 per occurrence and in aggregate per policy period.
b) Deductibles
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10% of each and every loss due to water damage, subject
to a minimum of HK$3,000.
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HK$2,000 due to damage to neon signs and/or roller shutter
doors.
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HK$1,000 in respect of each and every other loss, other than
fire, lightning and explosions.
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Increased Cost of Working
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This section gives you free protection for additional cost of
carrying on your business after a loss payable under 'Property All Risks' cover for a period
up to 12 months. The sum insured automatically provided is HK$1,000,000.
a) This section also provides the following special extensions at no extra costs:
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Accountants' fees - Up to HK$100,000 per occurrence
necessarily and reasonably incurred for producing information required by Liberty.
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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 neighboring
property caused by any peril insured under Section 1.
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Failure of public utilities for a continuous period
of more than 48 hours.
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Money and Assault
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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
injury sustained by any employee as a result of actual or attempted robbery or hold up.
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Maximum Limit per occurrence
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a)
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Loss of money
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i) in transit during Business Hours
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HK$100,000*
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ii) at Business Premises during Business Hours
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HK$100,000*
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iii) at Business Premises out of Business Hours in a locked safe or cash register
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HK$100,000*
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iv) at Business Premises out of Business Hours not in a locked safe or cash register
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HK$10,000*
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v) in transit to and from and whilst at the residence of an authorized employee
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HK$5,000*
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b)
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Loss of crossed checks, crossed postal orders, crossed money orders, crossed bankers drafts
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HK$500,000*
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c)
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Damage to safes caused by theft
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HK$25,000
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d)
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Fidelity Guarantee
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HK$50,000 / occurrence
HK$100,000 / year
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e)
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Personal assault
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i) Death
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HK$100,000
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ii) Permanent and Total Disablement
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HK$100,000
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iii) Loss of both limbs
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HK$100,000
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iv) Loss of sight of both eyes
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HK$100,000
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v) Loss of 1 limb and sight of 1 eye
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HK$100,000
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vi) Loss of 1 limb or sight of 1 eye
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HK$100,000
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* The limit per occurrence will be automatically increased by 50% for the months of November,
December, January, and February.
Public Liability
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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.
a) Free cover extensions:
- Food &/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
b) 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 by water.
- HK$3,000 in respect of each and every other third party property damage.
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Optional Cover
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Employees' Compensation
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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.
Download proposal form
Note: This leaflet serves as a general guideline. Please refer to the Policy and
Schedule for details of cover. |
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