All businesses involve capital investments. Protection of one’s own investments and that of clients’ is of paramount interest—thus, securing buildings, machineries, stocks and furniture is extremely important for the healthy sustenance of any organization.
Our Fire & Property Insurance products offer businesses a Peace of Mind by appropriate and timely assistance in the event of a misfortune.
The following list includes the main insurance covers that we offer:
FIRE & SPECIAL PERILS INSURANCE (INCLUDING BURGLARY)
Our Fire & Special Perils Insurance covers properties against loss due to fire, burglary, lightning, explosion, riot, strike, civil commotion, storm, flood, bursting or overflowing of water tanks or pipes, earthquake, etc.
PROPERTY ALL RISKS INSURANCE
Our Property All Risks Insurance covers a wider range of risks than a standard Fire & Special Perils Insurance. This insurance covers properties against accidental, physical loss and/or damage. There are certain mandatory exclusions like war, nuclear perils, etc.
BUSINESS INTERRUPTION INSURANCE
Our Business Interruption Insurance is a special class of insurance where the policy covers loss of revenue/profits following damage to properties covered under the main section: Fire & Property Insurance policy.
Note: This policy cannot be taken as a stand-alone insurance and should co-exist with another Property Insurance policy.
THE ADDITIONAL COVERS OFFERED UNDER THIS POLICY INCLUDE:
1. Cover for standing charges that will be incurred during the period of interruption
2. Increased cost of working that may be incurred to quickly revive business operation, like renting out of alternative premises/ equipment, etc.