Rebuild Your Business After a Fire. Secure
Your Future with Insurance.
Invest in fire insurance for businesses to cover repair costs, replacement expenses, and loss of income due to fire incidents.
Our Trusted Partners
Why is a Fire Insurance Policy Vital for Business
Fire insurance protects your business from devastating fire damage that can destroy buildings, equipment, and inventory. It ensures quick recovery and protects your investment.
What Types of Businesses Need Fire Insurance Coverage?
Small and Medium Enterprises (SMEs)
SME fire insurance offers tailored coverage for small and medium-sized businesses, protecting assets, inventory, and property from fire-related losses.
Hotels
Hotel owners need fire insurance to safeguard their property, guest accommodations, and amenities from fire damage, ensuring guest safety and business reputation.
Factories & Manufacturing Units
Fire insurance for factories is crucial for protecting valuable machinery, raw materials, and finished goods from fire-related losses.
Shops & Retail Stores
Fire insurance for shops protects your inventory, equipment, and premises from fire damage and natural disasters, ensuring business continuity.
Office Buildings
Property insurance for office buildings provides essential coverage for office equipment, documents, and the building structure, ensuring minimal disruption in case of a fire.
How will Fire Insurance help the business?
In an event, where one night, an electrical fault causes a fire at a small manufacturing business that produces custom furniture. The fire quickly spreads through the factory premises, destroying valuable machinery, raw materials, and finished products.
Your Business is Your Passion, Protect It With Fire Insurance
Without fire insurance, the owners would face devastating financial losses. They would have to pay for repairs out-of-pocket, potentially losing their business due to the inability to cover costs and loss of income during the closure.
Inclusions
Fire
Damage caused directly by fire.
Terrorism
Acts of terrorism and violence
Natural Disasters
Flood, earthquake, cyclones, storms
Water tank/pipe burst
Bursting/overflowing of water tanks/pipes
Exclusions
Willful Misconduct
Losses caused intentionally by the insured are not covered.
Missing Property
If items simply disappear without evidence of fire, it's not covered.
Temperature Change in Cold Storage
Spoilage due to temperature fluctuations in cold storage isn't covered unless caused directly by fire.
Prior & Pending Claims
Existing or ongoing claims related to fire damage before policy start date are excluded.
War, Invasion, or Civil Unrest
Damage from war, invasion, or civil unrest is typically excluded.
Pollution & Contamination
Ionising radiation, pollution, or contamination are not covered
Unoccupied property
Unoccupied premise for more than 30 days doesn’t qualify for insurance
Heating or Drying Damages
Damages due to eating or drying is not covered
Expert Guidance
Instant Quotes & Coverage
Affordable Premiums
Transparent Policies
Why Should Businesses Buy Fire Insurance Policy From Covrzy?
Fire can strike unexpectedly, wreaking havoc on your business and assets. Don't leave your livelihood to chance. Covrzy's Fire Insurance is beyond insurance, it’s a reliable partner to protect what matters most -- your business.
Expert Guidance
Instant Quotes & Coverage
Affordable Premiums
Transparent Policies
Real Life Claim Story
A devastating fire broke out at the Serum Institute of India's (SII) vaccine manufacturing facility in Pune in 2021. The fire led to a loss of over ₹1,000 crore, including damage to the facility, equipment, and vaccine stock. The incident also disrupted the production of COVID-19 vaccines, which were critical to India's vaccination efforts.
Quick Settlement
The insurance claim could compensate Serum sufficiently, allowing SII to focus on rebuilding and resuming operations quickly, allowing SII to focus on rebuilding and resuming operations.
Business Continuity
The fire insurance policy ensured that SII could continue its operations, including the production of COVID-19 vaccines, without significant disruption.
Frequently Asked Questions
What are the main types of fire insurance policies available in India?
- •Standard Fire & Special Perils (SFSP): Designed for large businesses with SI exceeding ₹50 Crores, offering extensive coverage for buildings, machinery, stock, and more.
- •Bharat Sookshma Udyam Suraksha (BSUS): This policy caters to micro-enterprises with SI valued up to ₹5 Crores, providing essential protection at an affordable rate.
- •Bharat Laghu Udyam Suraksha (BLUS): Targeted at small businesses with SI between ₹5 Crores and ₹50 Crores, offering a balance of comprehensive coverage and cost-effectiveness.
How is the premium for fire insurance calculated?
What is the reinstatement value in fire insurance?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Avoid Business Disruption From Fire Damages
Let’s get you a Customized Fire Policy.
