The Standard Fire & Special Perils (SFSP) Insurance, designed to cover loss or damage to Buildings, Plant & Machinery, Tools, Instruments and accessories, Furniture, Fixtures and Fittings, Electrical Installations, Stocks in trade including work in progress, etc due to Fire and Act of God perils. This policy is vital for all types of industry and trade groups, offices, service occupancies, households and assets belonging to all sections of the society.
The policy specifically covers the following:
Apart from the above mentioned perils, Standard Fire and Special Perils Insurance also covers
Burglary and Housebreaking Insurance policy provides financial compensation against loss or damage to property contained in your premises by acts of Burglary and or Housebreaking.
It specifically covers property contained in your premises, stocks/goods owned by you or held in trust and/or commission. It also covers cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard on specific request.
The Policy can be extended to cover Riot, Strike, Malicious Damage and Theft. Further, policies can be issued on declaration basis and on floater basis for stocks.
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover offers protection to the insured machinery whilst at work or at rest. Also it provides coverage when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re-erection, provided these are performed in the same premises.
The following major electrical and mechanical breakdowns risks, faced by plant and machinery, are covered by this policy:
This policy covers accidental breakage of plate glass, fixed to display windows or show cases of commercial establishments.
The policy provides you with the following benefits:
Money Insurance policy provides cover for loss of money in transit between the insured's premises and bank or post office, or other specified places occasioned by robbery, theft or any other fortuitous cause.
The policy also covers loss by burglary or housebreaking whilst money is retained at Insured's premises in safe(s) or strong room.
The cover is provided under 2 sections:
This is a package policy specially designed for jewellers & diamontaires i.e. those establishments dealing solely in diamonds.Jewellers premises are categorised into Class I, II or III depending upon the type of security provided for the premises.
The policy comprises four sections which are optional except for section I which is compulsory.