Protect Your Business Assets from Fire and Named Perils

A Traditional Cover Against Fire and several named perils…

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.

…Add on Cover can also secure for Consequential Loss of Profit

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.

Customize the cover based on your business risks

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


When is a claim payable under Business Interruption policy?

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.

What are the typical exclusions under a standard fire and special perils policy?
Loss due to nuclear risks, war, pollution or contamination, loss of earnings/ consequential loss are typical exclusions under the policy. It may be noted that policy terms and conditions, premium can vary significantly across insurers for the same risk. Often, a combination of products is needed for effective risk mitigation of property and engineering assets. Blue Armour Insurance Brokers can advise you coverage terms as well as premium rates across the process.

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Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231