Package
Shop & Office Package
Shopkeeper's and office package policies bundle fire, burglary, money, glass and liability sections in one policy, often the simplest starting point for a shop or office.
Shop · Office · Factory · Staff
Shop, fire, group health and
business insurance in Raipur
Cover for the premises, the stock, the goods in transit and the people who work for you, compared across general insurers and serviced from our Devendra Nagar office, including at claim time.
AMFI-Registered Mutual Fund Distributor
IRDAI-Licensed Insurance Distribution
Raipur & Bilaspur, Chhattisgarh
45+ Years Combined Experience
Families, Business Owners & NRIs
01 — The Short Version
Insure the Business You Actually Run
Most small businesses in Raipur hold one policy, usually because a bank asked for it when the loan was sanctioned. It covers the building or the hypothecated stock, often at a value set years ago, and nothing else. The burglary, the goods damaged on the way from the transporter, the staff member hurt on the shop floor: none of it is covered.
We start from how the business works: what it owns, where the stock sits, how goods move, how many people it employs. Then we compare policies from general insurers on our panel, HDFC Ergo, Tata AIG, ICICI Lombard, Oriental Insurance, IFFCO Tokio and Go Digit, and from health and life insurers for staff cover.
We do not charge you for the review, the paperwork or claim support. Insurance is the subject matter of solicitation.
02 — What We Cover
Six Policies Most Businesses Need
Property
Fire & Allied Perils
Building, plant, machinery, furniture and stock against fire, lightning, explosion, storm, flood, riot and similar perils, as listed in the policy.
Theft
Burglary & Housebreaking
Stock and contents against theft following forcible entry. Insurers look at locks, shutters, guards and how cash is kept.
Staff
Group Health & Group Life
Hospitalisation cover for employees and their families, and group term life cover, under one policy for the team. See also health insurance.
Liability
Workmen's Compensation
Insures the employer's liability under the Employees' Compensation Act for work-related injury or death of employees.
Transit
Marine & Transit
Goods in transit by road, rail, air or sea, for a single consignment or under an open policy for regular dispatches. Essential for traders and distributors.
03 — In Detail
Shop and office package policies
For a retail shop, clinic, office or showroom, a package policy is usually the most efficient cover. Instead of separate policies for fire, burglary and cash, one policy with several sections covers the premises and contents. The sections you select, and the sum insured for each, are written into the schedule. Read it: if a section is not ticked, it is not covered.
Fire and burglary for traders and manufacturers
For a warehouse, godown or small factory, a standalone fire policy on the building, machinery and stock, with burglary cover alongside, is the core. If your stock level swings through the year, as it does for many traders around festival seasons, a declaration-based policy lets you insure at the peak and declare the actual levels periodically, rather than being under-insured in the busy months.
Add-ons worth discussing include earthquake, terrorism, and loss of profit (business interruption), which covers lost income while a damaged business is being restored.
Group health and group life for staff
A group health policy covers employees, and optionally their spouses, children and parents, for hospitalisation. Group policies are underwritten for the group as a whole, which often makes them easier to obtain than individual cover, and they are a meaningful benefit when hiring in a competitive market. Group term life pays a lump sum to an employee's family in case of death during service. Insurers set minimum group sizes and terms; we check them for a team of your size.
Workmen's compensation
Under the Employees' Compensation Act, an employer is liable to compensate employees for injury or death arising out of and in the course of employment. A workmen's compensation policy insures that liability, and can extend to medical expenses and to contractors' workers if chosen. It is commonly asked for by principal employers and on government and corporate contracts.
Marine and transit for traders
Goods leaving your godown on a transporter's truck are often not covered by your fire policy, and the transporter's liability is usually limited. A transit policy covers the goods in movement. A single-transit policy suits occasional consignments; an open policy suits regular dispatches, with each consignment declared under it.
04 — Getting the Sum Insured Right
- Building
- Usually insured at reinstatement value: what it would cost to rebuild today, not what you paid for it or its market price including land.
- Plant & machinery
- At replacement value of equivalent new machinery, or at market value, depending on the basis you choose. The basis changes how a claim is calculated.
- Stock
- At its value at the highest level you normally hold, or on a declaration basis if it varies through the year.
- Under-insurance
- If the sum insured is lower than the true value, the insurer may pay a claim only in proportion, even for a small partial loss. This is the most common and avoidable cause of disappointment at claim time.
- Staff cover
- For group health, the sum insured per employee or family; for group life, a flat amount or a multiple of salary, as the employer chooses.
05 — Claim Support
When Something Goes Wrong
Intimate
Tell the insurer immediately, and us. For theft or burglary, file a police complaint and keep the FIR copy.
Preserve
Take photographs, keep damaged stock and items for the surveyor, and do not dispose of anything before inspection.
Survey
The insurer appoints a surveyor. We help you prepare stock registers, purchase bills and repair estimates.
Follow Up
We follow the claim with the insurer until it is decided. The decision rests with the insurer under the policy terms.
06 — Insurers
Insurers we work with
General insurance: HDFC Ergo, Tata AIG, ICICI Lombard, Oriental Insurance, IFFCO Tokio and Go Digit. Health: Star Health, Care Health, Niva Bupa, Aditya Birla Capital, HDFC Ergo and ICICI Lombard. Life: Axis Max Life, HDFC Life, ICICI Prudential and Tata AIA.
For a business owner, the business cover is only half the picture. Your own health insurance, term insurance and vehicle insurance matter as much, and we review all of it together. See our insurance agent in Raipur page for everything we place.
Insurance is the subject matter of solicitation. Cover, exclusions and claim decisions are governed by the policy terms issued by the insurer. MGR WealthPro is an IRDAI-licensed insurance distributor (licence I-241174N0118216).
07 — Questions
Asked
Every Week
Straight answers to what people in Raipur ask us most.
What does a shop insurance policy cover?
A shopkeeper's or office package policy usually bundles several covers in one: fire and allied perils for the building, contents and stock; burglary; money in the premises and in transit; plate glass; and sometimes public liability and personal accident for the owner. Which sections are included, and their limits, vary by insurer and are listed in the policy schedule.
Is workmen's compensation insurance compulsory?
The Employees' Compensation Act places the liability for work-related injury or death on the employer. A workmen's compensation policy insures that liability. Whether you need it, and for which employees, depends on your business and its workforce; it is commonly required on contracts and by principal employers.
How is the sum insured for a shop or factory decided?
Building and machinery are usually insured at what it would cost to rebuild or replace them, and stock at its value at the highest level you normally hold. Insuring for less than the true value can mean a claim is paid only in proportion to the under-insurance, even for a small loss. We go through the figures with you before the policy is issued.
Dukaan ka insurance kitne ka hota hai?
Premium ek fixed amount nahi hota. It depends on the sum insured, the type of trade, the building's construction, its location, the covers you choose and any claims history. Share your shop's details and we will get quotes from more than one insurer so you can compare the covers, not just the price.
Employees ke liye group health insurance le sakte hain?
Haan. Employers can buy a group health policy covering employees and, if chosen, their families. Group policies are often simpler to underwrite than individual ones, and the terms are agreed for the group as a whole. For small teams, insurers have their own minimum group sizes, which we check for you.
Will you help when we have to make a claim?
Yes, for policies placed through us, at no extra charge. We help with intimation, the surveyor's visit, the documents and the follow-up with the insurer. The claim decision rests with the insurer, under the policy terms.
Which insurers do you place business insurance with?
General insurers on our panel include HDFC Ergo, Tata AIG, ICICI Lombard, Oriental Insurance, IFFCO Tokio and Go Digit. For group health and group life we also work with health and life insurers. Which ones we approach depends on the risk, not on a fixed list.
Start with a conversation.
Free, nothing to sign, and nothing recommended on the first call. Bring whatever paperwork you have; if you have none, come anyway.
Enquiry
Tell us about the business.
- A partner answers, not a call centre
- Free first consultation, in person or by video
- Our Devendra Nagar office in Raipur, or Bilaspur
- Hindi or English
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Visit
Raipur Office
505/506, Karsen Chamber, New Timber Market, Devendra Nagar, Raipur, Chhattisgarh 492001
- Monday to Saturday, 10:00–19:00 IST
- +91 90396 27355
- By appointment, in Hindi or English