BLU
"Comprehensive Protection for Your Enterprise with
Bharat Laghu Udyam Suraksha Insurance"
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For BLU Insurance
- Sample Headings
About BLU – BHARAT LAGHU UDYAM SURAKSHA
- What is BLU? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the PLI Product.
What is BLU?
Bharat Laghu Udyam Suraksha Policy provides insurance cover for physical loss or damage to or destruction of Insured Property relating to the business. This policy is for enterprises where the total value at risk across all insurable asset classes at one location exceeds ₹ 5 Crore (Rupees Five Crore) but does not exceed₹50 Crore (Rupees Fifty Crore) at the policy commencement date.
Basic Coverages
- Standard Cover:-This Policy cover for the building and structures, plant and machinery, stock and other assets relating to business.
- In Built Covers:
- Additions, alterations or extensions: Property that You erect, acquire or add during the Policy Period is covered upto 15% of the sum insured for that item (excluding stocks).
- Temporary removal of stocks: Loss to stocks temporarily removed to other premises for fabrication, processing or finishing upto 10% of value.
- Cover for Specific Contents: Cover for money upto ₹50,000 (Rupees Fifty Thousand) during the policy period, cover for documents such as deeds, manuscripts, business books, plans, drawings, securities etc., upto ₹50,000 (Rupees Fifty Thousand) during the policy period, cover for computer programmes, information and data upto ₹ 5 Lakh (Rupees Five Lakh) during the policy period and cover for personal effects of employees, Directors and visitors upto ₹15,000 ( Rupees Fifteen Thousand ) per person for a maximum of 20 (twenty) persons during the policy period.
- Start Up Expenses: Start-up cost incurred by You, consequent upon a loss or damage due to insured events upto ₹ 5 lakh ( Rupees Five Lakh) during the policy period.
- Professional fees: Reasonable fees of architects, surveyors and consulting engineers upto 5% of the claim amount
- Cost of Removal of debris: Reasonable expenses for removal of debris upto 2 % of the claim amount.
- Costs compelled by Municipal Regulations: Additional cost of reconstruction of property incurred solely for complying with municipal regulations.
Add On Coverages
- Floater Cover: Cover for stocks at multiple locations under one Sum Insured.
- Cover for frequent fluctuations in stock/stock values on declaration basis.