Fire Policy MSME

The Fire Policy for MSME provides coverage for businesses with total asset values ranging from above Rs 5 crore up to Rs 50 crore at the policy's commencement date. This policy protects against unexpected events that result in physical loss, damage, or destruction of buildings, structures, plant and machinery, stock, and other assets related to your business. Underinsurance is waived off up to 15%.
This policy also provides inbuilt covers for additions, alterations or extensions, temporary removal of stocks, start-up expenses, cost of removal of debris, stocks on a floater basis, cover for specified contents, professional fees, and costs compelled by municipal regulations.
All small and medium-level enterprises, such as hotels, restaurants, offices, and others, are eligible for this policy.

What is Covered in MSME Policy?

Fire

Lightning

Storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, flood and inundation

Forest fire, bush fire, jungle fire

Missile testing operations

Acts of terrorism

Bursting or overflowing of water tanks, apparatus and pipes

Theft within 7 days from the occurrence of and proximately caused by any of the above insured events

Explosion or Implosion

Earthquake

Subsidence of the land on which your home building stands, landslide, rockslide

Impact damage of any kind, i.e. damage caused by impact of, or collision caused by, any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.)

Riot, strike, malicious damages

Leakage from automatic sprinkler installations.

What is Not Covered in MSME Policy?

Burning of Insured Property by any order of Public authority

Loss, destruction or damage to stocks in cold storage due to change in temperature

War, invasion, war-like operations

Pollution or contamination

Consequential or indirect loss or damage

Insured premised or building remains unoccupied for more than 30 days

Deliberate, wilful or intentional act or omission

Loss, destruction or damage to insured property by undergoing any heating, drying process or centrifugal Forces

Ionising radiation

Property is missing or has been mislaid

Costs, fees, expenses for preparing any claim

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Fire Policy MSME

Who needs this, Policy?

Why do you need Policy for MSME?

What is Covered in MSME Policy?

What is Not Covered in MSME Policy?