Fire

What is Covered?

The policy covers damage to property caused by fire and /or lightning; fire as a result of explosion, wherever explosion occurs; explosion as a result of fire on the premises insured; explosion of domestic boilers and/or gas used for domestic purposes or for heating and/or lighting.

This provides an extensive scope of coverage beyond traditional fire and allied perils policies. It safeguards businesses against a broad spectrum of risks including fire, burglary, accidental damage, equipment breakdown and interruptions to business operations.

While property insurance covers the direct material or physical loss following damage or destruction, Business Interruption insurance covers the actual or potential loss of earnings and additional expenses incurred as a result of that material loss.