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What is a Fire Insurance Policy? A Fire Insurance Policy is a type of property insurance policy which compensates the policyholder for loss or damage to insured assets because of fire and allied perils. The coverages in a fire insurance policy include cover for allied perils like explosion, implosion, earthquakes, storm, floods, etc. There are […]
Fire Insurance Coverage includes cover for many perils apart from the basic cover for a fire accident. One of the important add-on covers in a Fire Insurance Policy is STFI Coverage. STFI cover is an add-on cover purchased along with a Standard Fire & Special Perils Insurance Policy which protects one’s property against loss caused […]
Business owners invest crores of rupees in assets such as plant and machinery, buildings, offices, warehouse stocks etc. Thus, it is important to secure these assets with a Fire Insurance Policy. Fire Insurance, also known as a Standard Fire and Special Perils Insurance Policy provides reimbursement in case the insured assets are damaged by fire […]
A fire accident can bring your factory to a standstill for several months or even years. During this time, the business not only suffers from damage to various assets but also from the loss of profit as you will be unable to run the business due to damage to the plant and machinery. Fortunately, there […]
Keeping your factory assets uninsured might result in huge financial losses. A small fire accident can cause damage to the tune of Crores of Rupees. It is extremely important for factory owners to purchase a comprehensive Fire Insurance Policy for all their assets such as plant and machinery, factory building, stocks etc.There are many benefits […]
What is a Fire Insurance Policy? A Fire Insurance Policy is a type of insurance policy whereby the Fire Insurance Company agrees to reimburse the Policyholder for any damage or loss to insured assets because of a fire-related accident. Fire Insurance Coverage includes protection against a range of perils like Fire, Explosion, Implosion, Storm, Floods, […]
A Fire Insurance Policy is one of the most important insurance policies for any business owner. A Fire-related Damage can cause losses to the tune of Crores of Rupees. There have been many fire accidents over the years which has destroyed factories, Plants and Machineries and set many businesses back by years. Additionally, restarting business […]
Fire damages have been extremely common since a long time. A Fire spreads instantaneously and can cause irreparable damage before it can be contained. Every year hundreds of homes and industrial sites are lost due to fire related accidents. It is more commonly seen in factories, where the slightest mishandling or carelessness or even a […]
Nowadays, many companies are insuring plant and machinery or stocks looking at the lowest premiums without considering coverages or clauses included in the Factory Insurance Policy. This can be a big mistake. There are many add-on covers which are useful for specific industries and the inclusion of such covers is of paramount importance. It is […]
Entrepreneurs invest crores of rupees in their factories in terms of factory buildings, plant and machinery and stocks stored in warehouses. Any damages in terms of fire, earthquakes, storms etc can result in huge financial losses. Given the huge monetary investment, it is necessary to have a comprehensive factory insurance policy to protect against various […]