In Employer’s Liability (W.C.) Insurance certain classes of employees are classified separately for rating, rather than being included in the main classification for a risk. Examples, would be clerical office employees, outside sales representatives, draftsmen, drivers, chauffeurs, and their helpers.

An employee or class of employees that are not included the standard classification of a risk. These workers are classed and rated separately.

covers peril of Fire excluding destruction or damage caused to the property insured by (a-i) its own fermentation, natural heating or spontaneous combustion (a-ii) its undergoing any heating or drying process and (d) burning of property insured by order of any public authority.
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Dwellings, Offices, Hotels, Shops etc located outside the compounds of Industrial/Manufacturing Risks : (i) Building and contents to be rated “per se.” (ii) Stocks belonging to the insured stored in the open area adjacent to the insured’s remises is held covered. (iii) Incidental operations such as grinding of lenses in optical frame shops, polishing and/or varnishing in furniture shops, occasional repairs etc are permitted. (iv) For Seasonal storage of crackers during the currency of the policy in “shops dealing in goods otherwise not provided,” a loading of 10% shall be charged on the rates applicable to “contents.” (v) Presence of hazardous goods (as per list) not exceeding 5% of the total value of the stock may be ignored. (vi) Discount is allowed for deletion of Storm etc and RSMTD perils. (vii) Pump houses, garages, compound walls and ancillary equipment or other utilities shall carry the respective occupancy rate. (viii) Risks protected by automatic sprinkler installation to be given discount. option 2: Industrial/Manufacturing Risk : Common rate for the entire insured property in the same industrial compound i.e.,, all process areas, storage areas, offices, utilities, miscellaneous blocks, pipelines, road, compound walls, cables, street lights etc. In case more than one product is being manufactured highest rate applicable shall be charged. If two or more factories are situated in the same compound or independent products are manufactured in the same compound the manufacturing blocks shall be rateable “per se” if located detached. Auxiliaries/miscellaneous blocks/utilities and godown/tank farms, pipelines, roads, compound walls etc to carry highest rate of all such manufacturing blocks. Dwelling houses located inside the factory compound to be rated “per se.” Discount is allowed for deletion of Storm etc and RSMTD perils. Property Insurance Policy covering loss, destruction and/or damage due to (a) Fire (b) Lightning (c) Explosion/Implosion (d) Aircraft Damage (e) Riot, Strike, Malicious Damage, (f) Flood Group of Perils – STFI (g) Impact Damage Subsidence and Land Slide Including Rock Slide (i) Bursting and/or Overflowing of Water Tanks, Apparatus and Pipes (j) Missile Testing Operations generally conducted by Government Authorities (k) Leakage from Automatic Sprinkler Installation (l) Bush Fire excluding loss destruction or damage caused by Bush Fire. The policy is subject to specific exclusions (1) General Excess (2) Excess for policies having sum insured above Rs. 10 crore per location (3) War, Invasion perils (4) Nuclear perils (5) Pollution or contamination excluding which itself results from a peril insured (6) property such as bullion or unset precious stones, any curios or works of art for an amount exceeding Rs. 10,000, goods held in trust or on commission, manuscripts, plans, drawings, securities, obligations, documents of any kind, stamps, coins or paper money, cheques, books of accounts or other business books, computer systems records, explosives unless otherwise expressly covered in the policy (7) Stocks in cold storage premises caused by change of temperature (8) Particular electrical machine, apparatus, fixture or fitting which has been instrumental in setting up the fire being the cause of the loss. Provided Loss, destruction or damage by fire to other electrical machine and property insured is covered. (9) Expenses necessary incurred on (i) Architects, Surveyors and Consulting Engineers’ Fee and (ii) Debris Removal by the insured following a loss, destruction or damage to the property insured by an insured peril in excess of 3% and 1% of the claim amount respectively (10) Loss of earnings, loss by delay, loss of market or other consequential or indirect loss or damage of any kind (11) Loss or damage by Spoilage resulting from the retardation or interruption or cessation of any process or operation of any of the perils covered (12) Loss by theft during or after the occurrence of any insured except as provided Riot, Strike, Malicious and Terrorism Damage cover (13) Earthquake, volcanic eruption or other convulsions of nature (14) Loss or damage to property if removed to any building or place other than in which it is insured except machinery and equipment temporarily removed for repairs, cleaning, renovation or other similar purposes for a period not exceeding 60 days. Storage Risks located outside the compounds of Industrial/Manufacturing Risks : (i) Rates shall apply to buildings or areas used for storage of materials. (ii) Operations such as packing/selecting/assorting/mending/stitching/battery charging and the like which do not materially alter the nature of risk are allowed to be carried out in the premises. (iii) The presence of hazardous goods of higher category not exceeding 5% of the total value of the stocks may be ignored. (iv) Utilities and miscellaneous blocks shall be rated at Rs. 1.00%-o. (v) Incidental open storage upto 2% of the sum insured on stocks can be allowed (vi)Discount allowed for deletion of perils of Storm or RSMTD or both. (vii) Discount for automatic sprinkler installation with their own pumping arrangements. Standard Fire and Special Perils Policy (Material Damage), Long Term Policy for Dwellings : Subject to (a) Minimum period of 3 years (b) Premium for entire policy period to be collected in advance. Two methods: (i) Method A: Premium shall be charged in full without any discount. However, sum insured under the policy shall be deemed to have increased by 10% of the original sum insured at the end of every 12 months period. (ii) Method B: There shall not be any automatic increase in sum insured. Instead appropriate discount shall be allowed depending on the number of years. Midterm increase in sum insured on pro-rata.

A standard numerical code system developed by the United Nations to classify commodities used in international trade.