Business Interruption due to fire and special perils policy.
Losses due to the following are excluded:
Faulty material/ workmanship/ defective design and material.
Inherent vice, defects, deteriorations, and normal wear and tear.
Collapse or cracking of buildings.
Pollution, contamination, shrinkage, rust, corrosion, scratching, & temperature changes
Larceny, fraud, dishonesty, inventory losses, shortage on delivery
Willful act, negligence; wars and nuclear risks.
Industrial Insurance - Fire insurance policy is suitable for the owner of property, one who holds property in trust or in commission; individuals/financial institutions who have financial interest in the property.
All immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at suppliers/ customer's premises, machinery temporarily removed from the premises for repairs can be insured
Take a look at a few policies:-
Machinery Insurance Policy
This policy is suitable for every industry which operates on machines and for whom breakdown of plant and machinery is of serious consequence. Monetary costs involved for restoration of machine to its original state are covered by the machinery (breakdown) insurance policy.
Industrial All Risks Insurance
All major industrial units (other than petrochemical risks) having over all sum insured of Rs. 100 crores and above in one or more locations in India are eligible to take Industrial All Risks Insurance Policy.
Industrial Insurance from ICICI Lombard
Every business has a specific set of requirements. Our range of business products is especially designed to meet your business needs across the commercial spectrum. It is pivotal to get adequate insurance cover for your business to mitigate risk.
The Royal Sundaram showcases the Office Shield policy
A flexible policy specifically designed to meet the insurance needs of your modern office, irrespective of the number of locations.
Summary of Cover :
Property All Risks
Fire, burglary and accidental damage cover to building (if owned), office equipment and all contents.
Loss of revenue or increased cost of working resulting from interruption of business due to damage by fire and allied perils.
Electrical & Mechanical breakdown of office equipment like air-conditioners, photocopiers, water filters, refrigerators, computers and related items.
Cover for laptops, palmtops and mobile phones against all risks anywhere in the world.
Money in transit and Money in safe at premises
Cover against robbery, dacoity, burglary and housebreaking.
Dishonesty of Employees
Loss of money or goods caused by fraud or dishonesty of employees.
Group Personal Accident
Any accidental bodily injury resulting in death/disablement. This is a 24-hour worldwide cover.
Accidental loss of or damage to baggage while on an official journey anywhere in the world.
Your legal liability to pay, including costs and expenses incurred on account of legal liability arising out of accidental bodily injury and/or property damage to third parties happening in your premises