The cover is issued on discovery basis, this means the policy will respond to a period during which a loss is discovered and not necessarily the period when it occurred.
losses within a period of 2 years prior to date of discovery only are payable. Exclusions - Trading Losses, Negligence, Software Crimes, Dishonesty of Partners / Directors
The premium calculation is based on: Basic sum insured, Additional Sum Insured, Number of Staff, Number of branches
Jewelers Block Policy - Section I: Covers loss of or damage to property whilst in the premises insured, as a result of fire, explosion, lightning burglary, house-breaking, theft, hold-up, robbery, riot, strikes and malicious damage and terrorism.
Section II: Covers loss or damage whilst the property insured is in the custody of the insured and other specified persons. Coverage under Section 1 is compulsory
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