Comprehensive Property Insurance Policy for Businesses

Secure your organizational assets against risks and uncertainties with a customizable property or asset insurance policy for businesses.

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Why Does Asset Insurance Matters?

Business asset insurance is essential for every organization seeking stability and peace of mind. A comprehensive asset insurance policy shields your company from financial losses caused due to fire, theft, accidents, and natural disasters. With customizable asset insurance add-on options, your business stays resilient, minimizing downtime and disruptions. Having the right asset insurance policy means you can recover quickly and keep going, without worrying about unforeseen circumstances.

Protect What Drives Your Business

Gain financial stability and reduce business risks with a robust asset protection insurance.

Financial Protection:

Property insurance secures your business assets and loss of profit through events like fire, burglary, any accidental damage, etc.

Protect Profit:

Fire Loss of Profit (FLOP) with Asset Insurance covers loss of gross profit from covered fire perils, supporting business interruption, continuity of operations, and financial stability during recovery.

Risk Management:

Identify risks, retain minor ones, and transfer major financial impacts through insurance, reducing loss severity and ensuring business continuity.

Employee Security:

Indirectly safeguards employee security by protecting business assets and cash flows, helping maintain operations, salaries, and jobs after major insured losses.

Legal and Contractual Compliance:

Meets insurance mandates in leases, contracts, and regulations—avoid penalties with proper coverage documentation.

Peace of Mind:

Grow confidently knowing your business assets are covered against fire, theft, or disasters including FLOP for swift recovery.

Who Really Needs Asset Insurance?

Discover the industries and businesses that truly benefit from comprehensive asset insurance.

Ever wondered which businesses genuinely need comprehensive asset insurance? The answer might surprise you. It’s not just huge corporations—SMEs across many industries depend on asset insurance to protect what matters most.

Manufacturing companies, for instance, rely on asset insurance coverage for building and machinery to shield costly tools and stocks from damage or theft. Retailers and warehouse operators also lean heavily on asset protection insurance to guard their stock and prevent losses. Construction businesses cannot afford downtime when expensive equipment and vehicles are at risk. Beyond these sectors, IT firms, logistics, medical and hospitality, education institutions, and other service businesses benefit by mitigating risks.

Simply put, if your business owns valuable assets—whether equipment, electronics, or inventory—investing in a customizable asset insurance policy safeguards your future and keeps your operations running smoothly without surprises.

Curious if your business fits? Chances are it does! Schedule an appointment with our experts now.

Types of Asset Insurance Coverage

Protect physical, digital, and financial assets from damage, loss, and disruption:

Property Insurance:

Industrial All Risk (IAR), Fire Insurance (SFSP) protects your valuable assets

Business Interruption / FLOP:

It protect your standing charges & net profit due to Fire Insured Perils

Machinery Insurance

Takes care of your heavy machineries sudden / unforeseen electrical & mechanical breakdown

Electronic Equipment

Electronic equipments, servers, computers damages due to electrical, mechanical & electronic breakdown including fire & burglary

Office Package

Protect all your office including building, interior, FFF (Furniture, Fixtures and Fittings) & all office equipments

Burglary & Theft

Protect assets due to burglary & theft.

How Asset Insurance Works?

Understand the process of your business, analyse the risks involved, and guide you with suitable asset insurance plans.

Assess Asset Coverage Gaps

Evaluate your business assets to identify protection needs and coverage shortfalls accurately.

Recommend Optimal Plans

Guide you to choose asset insurance plans tailored to your specific industry and risk profile with competitive price and benefits.

Facilitate Policy Issuance

Assist in completing documentation and quick issuance for seamless insurance activation.

Support Claims Process

Provide expert assistance filing claims efficiently to ensure fair, timely settlements when needed.

Frequently Asked Questions

Clear answers to common questions about comprehensive asset insurance, coverage, claims, and benefits for SMEs and business owners.

What is comprehensive asset insurance?

Comprehensive asset insurance or Industrial All Risks (IAR) policy covers tangible assets—such as buildings, machinery, and equipment—from damage, burglary, theft, unexpected loss due to SFSP 12 perils, FLOP, machinery insurance etc. It provides broad coverage tailored for business continuity.

What is SFSP and its 12 perils?

The SFSP (Standard Fire & Special Perils) policy covers damage from 12 core perils, including Fire, Lightning, Explosion, Aircraft Damage, Riot/Strike/Malicious Damage (RSMD), Storm, Tempest, Flood, Inundation (STFI), Impact Damage (due to 3rd party vehicle, animals or falling property), Subsidence/Landslide, Bursting of Water Tanks, Sprinkler Leakage, Missile Testing, and Bush Fire.

What is the reinstatement value?

The reinstatement value clause pays the replacement cost of damaged property (new for old), with the same type, ignoring depreciation, and applies to fixed assets.

Does it cover natural disasters (act of God)?

Yes. Most comprehensive asset insurance policies cover losses caused by Storm, Tempest, Flood, Inundation (STFI) and Earthquake (add-on cover).

Is burglary and theft included in Fire Policy (SFSP)?

No. Separate policy is required to cover burglary and theft. These are inbuilt in Industrial All Risks (IAR) Policy.

Can I tailor my asset insurance policy?

Absolutely. Policies can be customized with add-ons or coverage options based on your specific business type, asset value, and risk profile, making it a flexible protection solution.

How is the premium for asset insurance determined?

Premiums depend on asset value, business location, types of coverage selected, and assessed risk exposure, reflecting the scope and scale of your asset insurance

What is typically excluded from asset insurance?

Losses including due to normal wear and tear, intentional damage, negligence, or war-related events are usually excluded from asset insurance policies.

How do I file a claim on my asset insurance?

Report the incident promptly, provide all required documentation, and your insurer will process the claim efficiently to reimburse loss or damage.

Why is SME asset insurance important?

SME asset insurance safeguards your property, mitigates potential losses, and ensures business continuity by protecting your critical business assets from unforeseen events.