The shop insurance that helps you runs 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 (a member of the world's largest insurance group) 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 if accidentally lost, damaged or destroyed.
Shop Contents |
Up to the limit of (HK$) |
Any one item of shop machinery or equipment |
$100,000 |
Computer systems' records |
$35,000 |
Any one document, card, tape file or transparency |
$5,000 |
Personal effects belonging to employee(s) |
$5,000 |
Additional benefits
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Alterations or Repairs
We will provide coverage for your shop contents if they are damaged during alterations or repairs, provided the contract value not exceeding HK$100,000.
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Temporary Removal
Covers loss of or damage to your shop contents (excluding stock) temporarily removed from your shop for cleaning, repairing and maintenance up to 10% of the sum insured.
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Debris Removal
We will pay for debris removal costs after an insured loss of up to 10% of your shop contents sum insured.
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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 HK$10,000 per year.
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Architects' and Surveyors' Fees
We will pay the fees for hiring professional architects and surveyors for the reinstatement of your shop, up to a limit of HK$5,000 per year.
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Lock Replacement
This reimburses the cost of replacing damaged door lock(s) due to theft or burglary to your shop, up to a limit of HK$2,000 per year.
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Stock |
Up to the limit of (HK$) |
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 |
Additional benefits
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Stock in Transit
Covers loss of or damage to your stock whilst in transit within Hong Kong, up to HK$50,000 per year.
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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.
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Note:
Excess for each and every loss is HK$1,000.
Loss due to water damage subject to a minimum excess of HK$3,000 or 10% of the loss, whichever is the higher.
Business Interruption
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Basic Cover (Free)
This Plan indemnifies you up to HK$500,000 for additional expenditure you may incur after an insured loss in order to avoid or minimise interruption to your business, including the costs of fitting out temporary premises, for a period up to 12 months from the date of the damage.
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Additional benefits
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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 an emergency or damage to neighbouring property.
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Professional Accountants' Fees
Your accountants' charges for the purpose of claims verification are also covered up to HK$50,000 per year.
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Optional Cover
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Loss of Gross Profit, Gross Revenue and/or Wages
This Plan provides optional protection on loss of gross profit, gross revenue and/or wages resulting from the business interruption.
Note: Time Excess - 48 Hours.
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Loss of Money (Free)
Reimburse loss of cash, bank notes, cheques, money orders and postal orders up to the following limits per year (HK$):
| Crossed cheques and other non-negotiable items |
$300,000 |
| Inside the premises/shops during business hours |
$30,000 |
| In transit in Hong Kong in the custody of you or your authorized employees |
$30,000 |
| In a bank night safe |
$30,000 |
| Inside the premises/shops after business hours and in locked safe or strongroom |
$20,000 |
| Inside the premises/shops after business hours but not in a safe or strongroom |
$5,000 |
Additional benefits
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Sundays and Public Holidays
This Plan provides you extra protection on Sundays and public holidays when you are likely to have larger amount of money in the shop. As such, the limit will be automatically increased by 20%.
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Damage to the Safe or Cash Register
Covers up to HK$10,000 per year for the damaged safe or cash register caused by theft.
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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/shops, up to maximum limit of HK$75,000 per injured person. We also cover you or your employees suffer from temporary total disablement, up to a limit of HK$25,000 per injured person.
Glass Breakage & Neon Sign (Free)
This Plan covers accidental breakage of fixed glass and neon signs, up to a limit of HK$20,000 per year.
Note: Excess for each and every loss is HK$1,000
Public Liability (Free)
This Plan insures you against legal liability for third party bodily injury(ies), and/or property damage arising from your business, up to a limit of HK$10,000,000 per year.
Neon Sign or Signboard Liability |
Overseas Visits |
Tenant's Liability |
Social and Sports |
Independent Contractor's Liability |
First Aid |
Optional Cover
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Employees' Compensation
This Plan insures you as an employer under the Employees' Compensation Ordinance and Common Law for bodily injury(ies) to employees arising out of and in the course of employment, up to a limit of HK$100,000,000 per event.
- Eligibility
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- Common Exclusions
This Plan contains some exclusions such as:
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Loss or damage to portable laptop computer
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Loss due to shoplifting or mysterious disappearance
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Loss due to the fraud or dishonesty of any employee
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Shortage due to errors or omissions
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Loss or damage due to war, terrorism and kindred risks and government acts
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Loss or damage due to pollution and contamination
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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.
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How to find out more
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- Email us
- Call our Customer Hotline on 3510 3260
Visit any of our branches
The information contained in this web-site is designed to serve as introduction only. For all relevant clauses and details you should refer to the insurance contract.
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Personal
Superiority