Following are the insured events under this policy:

1) Fire and allied perils
This Section covers Property Damage due to Fire and Lightning and allied perils which usually includes Explosion, Impact Damage, Aircraft Damage, Bursting and Overflowing of Water Tanks, Apparatus or Pipes and named Natural Perils (flood, earthquake, volcanic eruption, hurricane, typhoon, windstorm, hailstorm, thunderstorm, tornado, tsunami and tidal waves). Further, policy could be extended to cover Riot, Strikes and Civil Commotion, Terrorism and Malicious Damage (social perils).

Under this Section, following too could be covered,
- Loss of rent
- Accommodation of stocks on Declaration-basis

2) Accidental damage
Covers accidental physical loss of or physical damage to the property insured by causes not excluded under the policy is covered.

3) Theft
Loss of or damage to own property due to burglary involving forcible or violent entry/ exit would be covered. This cover could be extended to cover guests’ belongings whilst contained within the locked room and, in case of jewellery/ valuables, whilst in safes/ custody of the Hotel.

4) Money
Protects loss/ damage to money whilst held in Hotel premise (in drawer or safe) and, in transit (to and from banks and clients). Definition of money– bank and currency notes (including foreign currency notes), current coins, cheques, postal orders, current postage and revenue stamps.

5) Property in transit
Any accident or misfortune not otherwise excluded to the property insured whilst in transit occurring within the territorial limits agreed will be covered. Temporary storage is also covered.

6) Fidelity
Provides indemnity to the Employer against direct pecuniary loss caused by act of fraud or dishonesty (financial crimes) committed by the Employees during the period of insurance specified in the Schedule.
Requirements under this insurance:
- The loss should occur in connection with the Employee’s position (designation) specified in the Scheduled
- The loss should be discovered within 6-months after the death, termination, retirement of such Employee   or 6-months after the expiry of the Policy, whichever of these events shall happen first.
- Only confirmed, permanent Employees could be covered
- Proper control systems and checks should in place

The Insured (Employer) has the option of obtaining cover on:
1) Blanket (or Floater) basis – a single Sum Insured is set under the Policy covering all staff
2) Named or Position basis – where names or designations of the Employees are declared and separate Limits are set against each named-person or position.

7) Plate Glass
Covers accidental breakage, damage or loss of Fixed Glass or Signed Boards as described the Schedule and it could be extended to cover damage to frames up to agreed Limits.

8) Electronic
This Section offers a comprehensive insurance covering an array of perils on ‘all risks’ basis and accidental damage to Hotel’s electronic items, e.g. computers, uninterrupted power supply (UPS) units, servers, fax machines, new-age digital/ plasma TV’s, etc.

Riot, Strikes and Civil Commotion and Terrorism covers are obtained as additional perils.

9) Boiler and Machinery
Covers Explosion or Collapse of boilers/ pressure vessels and possible Third Party Liability (Bodily Injury and/or Property Damage) claims as a result of such Explosions/ Collapses.

It should be noted that the Explosion cover grated under a Fire policy excludes damage to items that operates under internal pressure, as result, own-damage caused to a boiler cannot be covered under a Fire policy. Similarly the explosion of boilers and pressure vessels are excluded from the scope of the basic Public Liability policy, hence an option is offered to cover third-party liability under the Boiler Policy.

As such, following elements can be covered under the original Boiler policy:
- Own damage
- Third-party Liability, i.e. Property Damage and Bodily Injury

An EXPLOSION is defined as, sudden and violent rending or tearing apart of the structure of a boiler or vessel, or any part or parts thereof by force of internal steam, air or fluid pressure, causing bodily injury displacement of said structure accompanied by the forcible ejection of the contents.

10) Business Interruption
Cover loss of Gross Profits, Standing Charges and Increased Costs of Working following a Property Damage, which is identifiable under the ‘Fire’ policy.

The Section 1 of the policy covers damage to Insured’s property (the items mentioned in the Schedule). It will not cover losses due to the interruption of business (consequential losses) arising from the fire such as loss of profit and increased cost of working. It is possible that loss of profit or increased cost of working can cause more damage to your business than damage to the property. This policy also could cover standing charges (salaries of employees, loan installments etc.). This policy compensates for speculative losses due to a fire, thus its name, Business Interruption.

Business Interruption is issued where a Fire policy is first obtained by the insured, and usually covers losses resulting from all perils covered therein.