Manufacturing Units, Warehouses, Shops, Offices, Hotels, Schools, Hotels, Hospitals, Offices, Residential or Commercial complexes could be exposed to loss or damage due to innumerable risks such as natural catastrophes, Fire, Burglary, theft etc.
The core coverages offered are Fire & Allied Perils Insurance and Fire Consequential Loss Insurance. Package policies against risks of Burglary, Money, Employee Infidelity, All Risk Insurance (for portable equipment), Plate Glass and Travel Baggage Covers etc. can also be covered.
Standard Fire and Special Perils
Perils insured are fire, lightning, explosion / implosion, impact damage, aircraft impact, bursting / overflowing of water tanks / pipes / apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, subsidence, landslide including rock slide, riots, strikes, malicious damage, missile testing operations. Other perils which can be insured as add-on covers are Earthquake cover, Terrorism cover, removal of debris,
Consequential Loss of Profit
This policy covers loss of profits of a business due to reduction in the turnover caused by a loss or damage covered in the Standard Fire Policy. This insurance includes cover for Increased Cost of Working following the loss of Standing Charges.
To the insured’s premises or contents caused by actual or attempted burglary/robbery (excluding valuables unless specifically insured).
Money in Transit
Loss of money in transit to the specified destinations against robbery, theft or any other unfortunate event. Transit for the purpose of this Policy commences with the taking over of the money for the purpose of transit and ends as soon as the money reaches the place of delivery. Money in Safe Help Desk Loss of money in kept in safe which have to be paid as salaries towards employees or petty cash kept in safe.
Any direct pecuniary loss caused by the act of fraud or dishonesty committed by any salaried person employed by the insured during the course of the business provided: Breakdown of Appliances This section covers breakdown of any business appliances such as photocopying machine, deep freezers, Money Counting Machines, AC’s, etc. solely as a result of electrical or mechanical breakdown. Breakdown of Electronic Appliances This is an ALL RISK COVER and losses or damages due to any cause other than those specifically excluded are covered.