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The theft coverage protects any loss or damage to the property of the insured's business due to theft. The insurer will compensate the amount of loss suffered. However, theft does not include robbery
The purchase protection coverage protects any loss or damage to any new items belonging to the insured's business within the insured premises purchased during the policy period within 90 days of the policy purchase. The policy holder has to pay an additional premium for insuring the newly purchased item/stock. The sum insured will be restored till the expiry of the policy period
Fidelity guarantee coverage protects firms, corporations and individuals who carry out commercial activities and may suffer financial losses due to employee's fraud or dishonesty. Cashiers, accountants, storekeepers and others who handle cash regularly are most likely to be insured under a fidelity guarantee policy
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