Sompo Japan Corporate Compensation Insurance

Document identification

The document summarized here is the standard policy wording (約款) behind the insurance certificate. The certificate, not this booklet, determines which terms apply to any given contract.

Table of contents

Translated from the printed contents, with the printed page references of the Japanese original. In the PDF, each printed page is offset by +2 (printed p. 5 = PDF p. 7).

The “適用規定” (applicability) table on printed pages 3–4 lists every endorsement and the certificate entry that triggers it. In this document the certificate determines which terms apply.

High-level summary

A package policy for businesses. It combines property damage, expense and profit loss, and business interruption cover, then lets the certificate and a long menu of special conditions shape the actual protection.

3.1 What this policy is (printed pp. 1–4)

A package policy for businesses combining property damage, expense/profit loss, and business interruption cover. Which special conditions apply is determined by entries on the insurance certificate — for example, the entry “地震危険補償” in the special-conditions column triggers the earthquake coverage endorsement. Earthquake insurance applies only if a sum insured is stated in the earthquake section of the certificate.

3.2 Main policy — four chapters (printed pp. 5–19)

• Ch. 1 Property (pp. 7–10): covers buildings, contents and other insured property against specified perils — fire, lightning, rupture/explosion, wind/hail/snowstorm, flood (水災), electrical/mechanical accidents, vehicle/aircraft collision, water damage, riot/civil commotion, falling/external objects, theft, and other unforeseen sudden accidents. Also covers certain expense benefits (e.g. emergency measures, debris removal, repair-related expenses) if marked on the certificate. Special rule: theft of business-use currency/deposit certificates is covered with conditions — prompt report to the bank plus cash actually withdrawn.
• Ch. 2 Expense & Profit (pp. 11–13): covers loss of profit (利益損失) and continuing/operating expenses (営業継続費用) when business is interrupted by a covered property accident. Includes off-premises utility supply interruption (electricity, gas, heat, water, telecom) when the utility provider’s equipment is damaged by a covered accident. An indemnity period (てん補期間) applies; avoided costs are deducted.
• Ch. 3 Business Interruption (pp. 14–15): covers loss of sales (売上減少高) during business suspension caused by a covered accident (9 peril groups), with a defined recovery period and partial-suspension adjustment.
• Ch. 4 General Terms (pp. 15–19): the compliance-critical part — duty of disclosure (告知義務), duty to notify changes (location, structure/use, dangerous goods, floor area, workforce — see p. 2), cancellation on material grounds (重大事由による解除), premium refund rules, claims procedure (notice → documentation → payment within contractual/statutory period), 3-year limitation period (時効), insurer subrogation (代位), multiple insureds, litigation and governing law (Japanese law).

3.3 Earthquake policy (printed pp. 20–26)

Government-backed earthquake insurance terms: covers fire, destruction, burial or loss caused by earthquake, eruption or tsunami (地震等). Deductibles (e.g. 10%–50% of loss depending on damage ratio) and special rules for two or more earthquakes within a period apply.

3.4 Special conditions — the endorsement menu (printed pp. 27–71)

The special conditions shape the actual cover. Key groups:

• Policy administration & payment: forward contract (先物契約), group handling, long-term lump-sum / annual premium payment, installment payment (incl. large-lot), credit card payment, direct debit of first premium, coinsurance (共同保険), auto-renewal (earthquake).
• Coverage extensions: earthquake coverage endorsements (3 variants — standard, reduced payment, payment-limit method), freezing/refrigeration damage, plants and animals, media/information damage, business-interruption extensions (food poisoning/infectious disease, network outage, late delivery of purchased goods), rent compensation, premises liability (店舗賠償責任), water-damage limited cover, temporary-expense expansion (30% · ¥5M), fraud/embezzlement, destruction/vandalism acts, repair-cost coverage, off-premises property.
• Special contract forms: special blanket contracts (特殊包括), multi-site blanket contracts, notice-of-change endorsement (告知等変更), franchise deductible (免責フランチャイズ), market-value (時価) settlement, actual-loss with insurance-ratio condition (実損払).
• Exclusions/filters: terrorism and pure-information-damage exclusion, cyber-attack exclusion, filament wind/hail exclusion, non-waiver of subrogation (代位求償権不行使).

3.5 Hazardous goods classification table (printed pp. 72–74)

Classifies hazardous goods by risk grade (A級, B級, special hazardous). Storing certain grades triggers a notification duty (p. 2) and affects premiums and coverage.

3.6 Back matter (printed pp. 75–84)

Memo pages; dispute resolution through the General Insurance Association of Japan (a designated dispute-resolution body under the Insurance Business Act); Sompo Japan contact details.

Terminology notes

Translation choices used in this summary, with the Japanese source term.

This is a summary reference, not a full translation. For binding terms, the Japanese original governs.

Sources

Where the content of this summary comes from.

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