Typically following named perils are covered :Fire, Lightning, Explosion / Implosion, Riot, Strike, Malicious Damages (RSMD), Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornado, flood, inundation (STFI), Impact damage by any rail/ road/ vehicle/ animal (other than own), Subsidence, Landslide and Rock slide.
A secondary policy to the standard fire policy can be issued to recover damages as a result of interruption to the business. If a claim is admissible under the standard fire policy, this add on policy (Business interruption insurance, consequential loss of profit insurance) covers loss in gross profit due to reduction in turnover as well as increased cost of working.
We help you navigate the add ons available to choose what can work best for the asset and risk that you need to cover. Typical add ons include cover for earthquake, terrorism, leakage, spoilage material damage, leakage and contamination cover, loss of rent among others
Business Interruption cover can be offered as a secondary policy to a standard fire policy or a machine breakdown policy. The claim under business interruption policy is payable only if a claim under the primary policy is allowed.
Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231