Business Insurance

Fire, Burglary & Allied Perils Insurance

Protect your buildings, plant, machinery, stock and contents against the Standard Fire and Special Perils Schedule, including fire, lightning, explosion, storm, flood, earthquake, riot, burglary and malicious damage.

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Policy Structure

Fire & Allied Perils

Standard Fire and Special Perils Policy

Buildings & Contents

Structure, plant, machinery and stock

Burglary

Theft with forced entry, attempted burglary

Add-On Extensions

Terrorism, earthquake, leakage and more

SFSP Compliant Policy Form

18+ Lines of Cover

22+ Years of Experience

6h Claims Response

Coverage

What Your Fire & Burglary Policy Covers

The Standard Fire and Special Perils Policy protects your entire property asset base, from the physical structure to the machinery, stock and contents within.

Fire & Explosion

Loss or damage caused by fire, spontaneous combustion, lightning strike and explosion of gas used for domestic purposes.

Natural Catastrophes

Storm, tempest, flood, inundation and impact damage from aircraft, vehicles or animals.

Earthquake

Seismic event cover available as an add-on, essential for properties in seismic zones II-V.

Burglary & Housebreaking

Theft of insured property involving forcible and violent entry or exit from the premises.

Riot, Strike & Malicious Damage

Damage arising from riot, civil commotion, strike action and deliberate acts of damage.

Leakage & Contamination

Water tank or pipe leakage, sprinkler leakage and accidental leakage of fixed heating or cooling systems.

Commercial property insurance specialists

Property Specialists

Advisory Approach

Getting the Sum Insured Right Is Non-Negotiable

The most common fire claim dispute in India is not about coverage, it is about underinsurance. Insurers invoke the average clause when the sum insured falls far enough below the actual reinstatement value, and then pay only a proportionate fraction of the loss. On the standard wordings up to ₹50 crore that threshold is 85% of value, not 100% — Clause F(3) waives the first 15%.

We calculate your reinstatement value on a basis consistent with current construction costs, not the historical book value in your accounts.

We review your stock valuation methodology to ensure seasonal fluctuations are captured and peak stock periods are not underinsured.

At claims time, we challenge the application of average where valuation methods are contested and push for full reinstatement.

Target Clients

Who Needs Fire & Burglary Cover

Any business with a significant investment in physical assets, property, plant, stock or contents, requires comprehensive fire and allied perils protection.

Manufacturers & Factories

Industrial premises with significant plant, machinery, raw material stock and finished goods requiring comprehensive property cover.

Warehouses & Logistics Hubs

Storage facilities holding third-party goods need property cover aligned with their customer liability exposure.

Hotels & Hospitality

Hotel structures, fixtures, fittings, contents and guest property need comprehensive allied perils coverage.

Retail Chains

Multi-location retailers need co-ordinated property cover across all branches with aligned renewal dates.

Commercial Offices

Office buildings, tenant improvements, electronic equipment and business records require all-perils cover.

Real Estate Developers

Under-construction properties and completed stock require cover through the development and sale lifecycle.

Our Process

How We Place Your Property Cover

A rigorous valuation and placement process ensures your property programme is always correctly insured, and well defended at claims time.

Property Survey & Valuation

We commission or review a reinstatement valuation of your property assets, cross-checked against current PWD/CPWD schedule rates for your region.

Policy Structuring & Placement

We specify the correct policy form, schedule the assets individually, select the applicable extensions and obtain competitive quotes from property insurers.

Claims Co-ordination

On a loss, we appoint a registered loss assessor, manage the survey process and ensure the insurer's investigator works to a documented brief.

Key Benefits

What Sets Our Property Programme Apart

Correct valuation, comprehensive extensions and rigorous claims management, the three pillars of effective property insurance.

Reinstatement Value Assessment

We ensure your buildings are insured to their current reinstatement cost, not their depreciated book value, eliminating average clause exposure.

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Extensions Package

We include earthquake, terrorism, loss of profit and impact damage as standard add-ons where relevant, not afterthoughts.

Blanket vs Specific Cover

For multi-site operations, we structure blanket policies with first-loss sub-limits that avoid the administrative burden of individual site declarations.

Immediate Interim Relief

Where a loss renders premises uninhabitable, we pursue interim payment from the insurer to fund emergency repairs within 72 hours of survey completion.

FAQ

Frequently Asked Questions

Common questions about fire and property insurance in India, answered plainly.

The average clause pays only the same proportion of a loss as your sum insured bears to the true value. Insure a ₹2 crore building for ₹1 crore, suffer a ₹50 lakh loss, and the insurer pays ₹25 lakh. But the cliff is not 100%: on the two IRDAI standard fire wordings — Bharat Sookshma Udyam Suraksha up to ₹5 crore and Bharat Laghu Udyam Suraksha from ₹5 crore to ₹50 crore — Clause F(3) waives underinsurance up to 15%, so averaging bites only below 85% of value. At 90% cover your claim is not reduced; at 80% it is. Above ₹50 crore the wording is negotiable and no waiver can be assumed.

No. Earthquake cover is an optional extension under the Standard Fire and Special Perils Policy and must be specifically added. For properties in seismic zones II-V (which includes much of peninsular India), we recommend including this extension.

Stock can be insured on a 'declaration basis' where the sum insured is set at the peak value during the policy year and the premium is adjusted at year-end based on monthly declarations. This avoids both overinsurance and underinsurance through seasonal fluctuations.

Not under the standard fire policy. Business interruption or loss of profit cover is a separate add-on policy that compensates for reduction in turnover and increased working costs during the period of indemnity following an insured property loss.

Yes. A Contractor's All Risk (CAR) policy provides cover during the construction phase. Once the property is completed and handed over, a standard fire policy takes over. We co-ordinate the transition between the two to ensure there is no gap in cover.

Is your property correctly insured?

Request a complimentary reinstatement value review. Most properties we assess are underinsured by 30-40%.

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