Fire & Special Peril insurance provides comprehensive coverage for businesses and property owners against a range of risks. Here’s a breakdown of each component:
Fire Insurance
This covers damages caused by fire, including:
Fire and Lightning: Protection against fire outbreaks and lightning strikes.
Explosion: Coverage for damages due to explosions.
Impact Damage: Damage caused by vehicles, aircraft, or other objects
Special Perils
This extends the coverage to include other specific risks such as:
Natural Disasters: Earthquakes, floods, storms, and other natural calamities.
Riot and Strike: Damages resulting from riots, strikes, and civil commotion.
Malicious Damage: Intentional damage caused by third parties.
These policies are essential for safeguarding your business premises, equipment, and inventory from a wide range of potential threats.