Fire and its consequent losses pose a constant threat to businesses, and their unpredictable nature makes prevention challenging. While predicting fires may be impossible, taking proactive steps to prevent them is crucial. Businesses of all sizes are vulnerable to dramatic and unexpected circumstances that can severely disrupt or even ruin operations.
In light of these potential challenges, obtaining property insurance for your business is not just prudent – it's compelling. Fire insurance provides a safety net that covers a wide range of risks, including the possibility of a complete shutdown. By safeguarding your business against the financial repercussions of fire-related incidents, you can ensure continuity and peace of mind in the face of the unexpected.
The policy covers the insured property related to the business against insured peril at one location with the total value at risk above ₹ 5 Crore and upto ₹ 50 Crore. This include Buildings, Plant & Fixtures, Machinery, Stocks RM, and Finished Goods & Stock in process.
All Small and Medium level enterprises like hotels, restaurants, offices and others are eligible for this policy.
This is just an indicative list, kindly refer policy wordings for detailed information.
