Fire Loss of Profit Insurance
Cover your business even after a fire.
Trusted by:
Policy Covers:
- Lost profits due to business interruption caused by fire.
- Fixed operating expenses, such as salaries and rent, during recovery.
- Additional costs for temporary operations and relocation.
Pay ₹7,000* per yearand get ₹50 Lacs coverage
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Trusted by:
Policy Covers:
- Lost profits due to business interruption caused by fire.
- Fixed operating expenses, such as salaries and rent, during recovery.
- Additional costs for temporary operations and relocation.
What is Fire Loss of Profit Insurance?
Fire Loss of Profit Insurance covers financial losses that a business incurs due to interruptions caused by fire. It compensates for lost revenue, additional operational expenses, and costs associated with temporary relocation, ensuring business continuity during the recovery period.
Who needs Fire Loss of Profit Insurance cover?
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹700 Cr
Annual Turnover
₹0 Cr-₹500 Cr
Why do you need Fire Loss of Profit Insurance?
Why do you need Fire Loss of Profit Insurance?
Business Continuity
Ensures operations continue smoothly by covering lost income during recovery from fire related damage.
Financial Stability
Protects against significant revenue loss, maintaining financial health during fire-related disruptions.
Expense Management
Covers extra expenses incurred to resume operations, such as temporary relocation and equipment rentals.
Risk Mitigation
Reduces financial impact of unforeseen fire incidents, ensuring long-term business viability and growth.
Stakeholder Confidence
Demonstrates proactive risk management, maintaining trust with investors, clients, and employees during recovery.
Why choose BimaKavach to protect your business?
The Power of Underwriting
Your Policy is built for your unique needs.
Best Price for Complete Coverages
You get the best price for your coverage.
24*7
Claims Support
All concerns will be addressed without delay.
Online Platform to Manage Your Bima
Your policy can be managed from anywhere.
Dedicated
Bima Expert
You get access to IRDAI-Certified Bima Experts.
Who’s this for?
What does Fire Loss of Profit Insurance cover and exclude?
Coverages
Business Income Replacement
Compensates for the loss of income during the period the business is unable to operate due to fire damage.
Extra Expenses
Covers additional costs incurred to minimize the business interruption, such as renting temporary premises or hiring additional staff.
Temporary Relocation Costs
Pays for the expenses associated with moving to and operating from a temporary location while the damaged property is being repaired.
Fixed Costs
Covers ongoing fixed expenses such as rent, utilities, and salaries that continue even when the business is not operational.
Profit Loss Coverage
Reimburses the expected profits lost due to the interruption caused by fire damage.
Cost of Repair Delays
Covers the financial impact of delays in repairs due to factors beyond the business's control, like obtaining permits or construction delays.
Contingent Business Interruption
Provides coverage for income loss due to fire damage at a key supplier's or customer's premises affecting the business operations.
Extended Period of Indemnity
Offers additional coverage for loss of income even after the property is restored but before the business returns to its pre-loss level.
Utility Services Interruption
Covers income loss due to interruptions in essential utility services like electricity, water, or gas caused by fire damage.
Audit Fees
Covers the cost of hiring accountants to prepare and verify claims related to the fire loss of profit insurance.
Exclusions
Non-Fire Related Losses
Losses not directly caused by fire, such as floods or earthquakes, are excluded from this coverage.
Intentional Acts
Losses resulting from intentional or fraudulent acts by the insured or their representatives are not covered.
War and Terrorism
Losses caused by war, terrorism, or civil commotion are generally excluded from fire loss of profit insurance policies.
Nuclear Risks
Damages or losses resulting from nuclear reactions, radiation, or radioactive contamination are not covered.
Government Actions
Losses due to seizure, confiscation, or destruction of property by order of the government are excluded.
Utility Supply Failure
Losses caused by utility supply failures not directly related to fire damage at the insured premises are excluded.
Wear and Tear
Damages resulting from normal wear and tear, gradual deterioration, or lack of maintenance are not covered.
Uninsured Perils
Losses caused by perils not specifically covered under the fire insurance policy, such as cyber attacks, are excluded.
Unoccupied Property
Losses occurring when the insured property is unoccupied for a period specified in the policy without prior notification to the insurer are excluded.
Illegal Activities
Losses resulting from illegal activities or violations of law by the insured or any covered individuals are not covered.
Business Income Replacement
Compensates for the loss of income during the period the business is unable to operate due to fire damage.
Extra Expenses
Covers additional costs incurred to minimize the business interruption, such as renting temporary premises or hiring additional staff.
Temporary Relocation Costs
Pays for the expenses associated with moving to and operating from a temporary location while the damaged property is being repaired.
Fixed Costs
Covers ongoing fixed expenses such as rent, utilities, and salaries that continue even when the business is not operational.
Profit Loss Coverage
Reimburses the expected profits lost due to the interruption caused by fire damage.
Cost of Repair Delays
Covers the financial impact of delays in repairs due to factors beyond the business's control, like obtaining permits or construction delays.
Contingent Business Interruption
Provides coverage for income loss due to fire damage at a key supplier's or customer's premises affecting the business operations.
Extended Period of Indemnity
Offers additional coverage for loss of income even after the property is restored but before the business returns to its pre-loss level.
Utility Services Interruption
Covers income loss due to interruptions in essential utility services like electricity, water, or gas caused by fire damage.
Audit Fees
Covers the cost of hiring accountants to prepare and verify claims related to the fire loss of profit insurance.
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When can I Claim?
A claim under Fire Loss of Profit Insurance can be registered in the below circumstances:
- Property suffers damage or destruction due to a fire outbreak
- Business experiences theft or burglary
- Business operations are disrupted due to fire or burglary
- Claim meets the specific terms and conditions outlined in your insurance policy
Claim what’s yours with BimaKavach
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