Extensive asset protection against diverse threats like fire, theft, natural calamities, covering costs for repair, replacement, and reconstruction.
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50+ years of collective insurance experience
₹5,000 Cr+ of cumulative risks insured
Fire & Burglary Insurance provides coverage for physical damage to your property. This damage can occur in a variety of situations like:
Explosions or Implosions
Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
Riot, Strike and Malicious Damage
Subsidence and Landslide including Rock slide
Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
Missile Testing Operations
Leakage from Automatic Sprinkler Installations
This insurance is designed to meet the needs of businesses of various sizes, with three coverage options available:
Sookshma Udyam Suraksha
Laghu Udyam Suraksha
Standard Fire Special Perils - SFSP
Protects against physical damage to a building or structure from fire or theft.
Requires you to provide a detailed description of the property you want to insure and show proof that you have a legitimate interest in insuring it.
Covers immediate damage caused by the fire including destruction of buildings, equipment, furniture, inventory, and other physical assets within the property.
The policy term is typically one year, with annual renewal required.
Coverage options may be customized to meet the specific needs of a business.
Companies that own or rent assets in the form of office premises, stock, machinery, cash, or other forms need comprehensive fire and burglary insurance policies.
In addition to covering the office, retail, or factory premises, this policy also protects the contents inside the premises including electronic equipment like laptops, computers, and phones.
Fire & Burglary Insurance offers valuable coverage for businesses of all sizes and industries.
A few common businesses that purchase fire insurance are:
Guard against the financial consequences of fire damage to your hospitality or service-based business.
Protect your retail or storage space from the potential financial impact of a fire.
Safeguard your operations, vehicles, and equipment with fire insurance.
Protect your medical facility, equipment, and patient records from fire damage.
Ensure the protection of your financial assets and operations with fire insurance.
Fire incidents are common causes of accidents in both residential and commercial sectors in India. In 2021, India recorded 1.6 million fire accidents.
Securing your assets is critical to your company's growth and stability. Fire & Burglary Insurance protects your property and its contents from a variety of occurrences, including fire, theft, natural disasters, and man-made events such as riots and terrorism.
The Insurance offers tailored protection options to suit your business requirements. You can select from specialized coverage choices such as Sookshma Udyam Suraksha, Laghu Udyam Suraksha, and Standard Fire Special Perils (SFSP).
Fire insurance offers protection against any harm or destruction from fire, fermentation, natural heating, or spontaneous combustion.
If a machine is damaged by fire, fire insurance covers the costs of repair or replacement.
Fire insurance also covers the cost of reconstruction of the property as per the sum insured in the policy.
This is an article by YouStory written by Palak Agarwal and published on October, 2022
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