All businesses involve capital investments and protection of their own investments and those of their client’s. Thus, securing buildings, machineries, stocks and furniture is extremely important for the healthy sustenance of any organization. Our Fire & Property Insurance products offer businesses 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): This 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: 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.
To provide you with our QUOTATION, we require values for insurance with a breakup between:
Business Interruption Insurance: Business Interruption Insurance, as the name suggests, is a special class of insurance where the policy covers loss of revenue/ profits following damage to properties covered under the section, Property Insurance Policy.
Please note: this policy cannot be taken as a stand-alone insurance and should co-exist with a Property Insurance policy.
The additional covers offered under this policy includes cover for standing charges that will be incurred during the period of interruption and the increased cost of working that may be incurred to quickly revive business operation, like renting out of alternative premises/ equipment, etc.
All Risk Insurance: This policy covers the physical damage or loss to the insured property like laptops, jewelry items, etc.