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Is your business protected against unexpected risks?

Standard Fire and Special Perils Policy

Why you should do Fire Insurance?

Fire insurance protects your property and assets from the devastating financial impact of fire damage. Whether it’s your home, business, or personal belongings, a fire can cause significant loss. Fire insurance covers the cost of repairing or replacing damaged property, easing the burden of rebuilding after such a disaster. It also helps cover additional expenses like temporary housing or business interruption. Having fire insurance ensures peace of mind, knowing you are financially protected from the unpredictable and potentially life-altering consequences of a fire.

Standard fire & special perils policy (SFSP)

The Standard Fire and Special Perils Policy, more commonly known as Fire Insurance can also protect your business from other risks. Fires caused due to negligence or damages occurring due to any other natural calamities can greatly impact your finances. Getting insured can protect your business from such unanticipated events. The risks covered under Fire Insurance, technically named as Standard Fire and Special Perils Policy, are:

Fire Group Perils

Fire Group Perils include unforeseen circumstances that can lead to losses. There are:

  • Fire
  • Explosion & Implosion
  • Bush Fire
  • Lightning
  • Forest Fire
  • Accidental Fires
 

Act of God Perils

Act of God Perils are accidents and events occurring due to natural causes. These events do not involve any kind of human intervention and cannot be prevented using reasonable foresight or precautions.

  • Storm
  • Flood
  • Earthquake
  • Rockslide
  • Tempest (thunderstorms, hurricanes, rainstorm, snowstorm etc.)
  • Inundation (deluge caused due to flooding, overflow etc.)
  • Landslide
 

Social Group Perils

This refers to losses occurring due to certain social or political circumstances, most likely caused due to social unrest, acts of terror, premeditated damage or union disagreements. Examples of Social Group Perils are:

  • Riot
  • Malicious Damage
  • Strike
  • Terrorism
 

Miscellaneous Perils

Other situations that can occur due to problems in machinery, unexpected errors etc. fall under miscellaneous perils.

  • Impact Damage
  • Bursting and/or overflowing of Water Tanks
  • Missile Testing operations
  • Aircraft Damage
  • Apparatus and Pipes
  • Leakage from Automatic Sprinkler Installations
 

Contact Information

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