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Business Insurance
If you are looking for a business insurance to protect your business, the Axis Bank Business Guard is a customisable Business Insurance package that you can design based according to the needs and type of your business. The features and benefits of Axis Bank’s Business Guard insurance package include simple and comprehensive covers for small to Medium-Sized Enterprises (SMEs). This Business Insurance package allows you to pick and choose from a wide range of covers for a single policy that suits your needs, which include: Material damage, business interruption, public liability, personal accident, workmen's compensation, etc. Apply for Business Insurance now to secure your business!
Business Insurance Features & benefits
Secure your SME with the right insurance
Simple and comprehensive packaged business insurance solutions for SMEs
Design an insurance plan based on your requirements
Pick and choose from a wide range of covers for a single policy that suits your needs
Choose your sum insured limits
According to the needs and type of your business
Get insurance over a wide range
- Material damage (includes burglary, equipment breakdown costs, money)
Disclaimer
Insurance is the subject matter of solicitation. Axis Bank is the Certified Corporate Agent for TATA
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Get insurance over a wide range
Disclaimer
Insurance is the subject matter of solicitation. Axis Bank is the Certified Corporate Agent for TATA AIG Gen. insurance Co. Ltd. and nothing contained on the Website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Gen. Insurance Products. Participation by Axis Bank customers shall be purely on voluntary basis. The contract of Insurance is between TATA AIG General Insurance Company and the insured, and not between Axis Bank and the insured.
Eligibility for Business Insurance
The Axis Bank Business Guard insurance package is made available for Industrial Manufacturing Units, Trading Units and other businesses based in India. In order to meet the criteria of eligibility for business insurance packages, you must have the necessary documentation for business insurance in place before beginning your application process.
SMS CLAIMS to 5616181
Covers and Exclusions for Business Insurance
The covers for Business Insurance by Axis Bank include covers against property loss or damage due to fire, lightning, explosion/implosion, aircraft damage, riot, strike, natural disasters as well as malicious damage among others. War or war-like operations, ionising radiation as well as contamination by radioactivity, nuclear fuels or waste are some of the exclusions for Business Insurance package by Axis Bank.
Standard Cover
Standard and Special perils
- Covers property against loss or damage due to fire, lightning, explosion/implosion, aircraft damage, riot, strike and malicious damage, storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation, impact damage due to rail road vehicle or animal not belonging to insured, subsidence and landslide including rockslide, bursting and/or overflowing of water tanks, apparatus and pipes, missile testing operations, leakage from automatic sprinkler installations and bush fire
- You may add extended covers like earthquake and terrorism under this option
Main Exclusions
War or war like operations; Ionising radiation, contamination by radioactivity, nuclear fuels or waste and more
Optional Covers
- Burglary: Covers all contents and stock-in-trade (covered under Standard Fire and Special perils) against burglary or housebreaking, or hold-up including robbery
- Electronic Equipment: Covers electronic equipments (e.g. computers, printers, fax, UPS) etc., including against any unforeseen sudden, physical loss or damage unless excluded specifically
- Portable Equipment: Covers portable equipments e.g. laptops etc., against any loss, destruction or damage by fire, riots and strikes, theft by visible, physical, forcible and violent means; and accidental occurrence unless excluded specifically
- Machinery Breakdown: Covers for unforeseen and sudden physical damage due to electrical or mechanical breakdown to machinery e.g. air conditioners, refrigerators, and photocopying machines
- Money: Covers money in transit and/or in safe and in steel cupboard, cashbox and such other places under lock and key and or at counter / till,covering all business transactions and loss due to any accident or misfortune subject to limits as specified
- Plate Glass: Covers loss or damage to the plate glass completely and securely fixed in the insured premises by accidental means
- Neon Sign: Covers loss or damage to the neon / glow sign securely fixed at the insured premises by accidental means including fire, riot and strikes
- Workmen's Compensation : Covers you for your liability under the Workmen's Compensation Act, 1923 and /or Fatal Accidents Act, 1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents arising out of and in course of employment
- Personal Accident: Covers your employees in case of accident, 24 hours a day, and worldwide
- Public Liability: Covers in case of a legal liability in respect of accidental bodily injury to third parties and or accidental loss and/or damage to property belonging to third parties
- Baggage: Covers loss, destruction or damage to the accompanied personal baggage of the insured and employee related to trade
- Fidelity Guarantee: Covers against direct financial loss due to fraud or dishonesty of employee
Main Exclusions
- Burglary: Fire or explosions; inmates or member of the insured's household or business staff and more
- Electronic equipment : Wear and tear faults or defects existing at the time of commencement of insurance within the knowledge of insured or his representative; and more
- Machinery Break Down: Wilful act or neglect or gross negligence; deterioration or wearing away/ out by normal use, and more
- Portable Equipment: Process of cleaning, restoring, repairing or deterioration arising from wear and tear, moth, vermin, insects or any other gradually occurring cause; detention or confiscation by customs or other authorities, and more
- Money: Money in safe: Collusion by any employee or agent of the insured, use of keys or duplicate keys; Money in transit: Use of counterfeit money; unattached vehicle; Money in till/at the counter: Beyond business hours and more
- Plate Glass: Damages
- Neon Sign: Scratches and cracks whilst removing, replacing or alteration,
- Workmen Compensation: Medical expenses, intentional self-injury, and more
- Personal Accident: Intentional self-injury, suicide, and more
- Public Liability: Wilful or intentional non-compliance of any statutory provision, and more
- Baggage: Damage caused by a process of cleaning, dyeing or bleaching, restoring, repairing or renovation or deterioration arising from wear and tear
- Fidelity: Liability will be restricted to any one accident/any one employee limit
Business Insurance - How to File A Claim
In this section, know in detail about how to file a claim with Axis Bank. In order to make a business insurance claim, simply SMS “CLAIMS” to 5616181 or call our 24x7 toll-free number 1800 266 7780. You can even write to general.claims@tata-aig.com in order to file an insurance claim.
To register an insurance claim:
- 01
Call TATA AIG at the 24 X 7 Toll Free number 1800 266 7780
- 02
SMS “CLAIMS” to 5616181
- 03
Write at general.claims@tata-aig.com
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