Fire and Allied Perils

Protect your assets from uneventful circumstances.

Fire and allied perils are covered under Standard Fire and Special Perils policy, commonly known as SFSP. In this policy, cover is offered against fire and allied perils that are named in the policy. The policy usually covers building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.


SFSP policy guards your assets in the following ways;

  • Property and Stocks: It compensates for the losses and damage to your property and stocks in the event of a fire.
  • Consequential Loss: Fire Loss of Profit (or FLOP) covers consequential losses of profit in your business during the reconstruction period after the event of a fire.
  • Customization: Apart from its basic covers, several add-ons are available, which can cater to your specific industrial/official needs. 
  • Package Policy: Package policies are available where you can wrap up your entire needs into a single cover.
  • Accidental Damage: Accidental damage cover can be an extension of SFSP that covers accidental, physical, loss or damage or destruction to buildings, stock or other contents whilst at Insured location.

Basic coverage

SFSP policy covers losses and damages due to the following named perils as basic coverage.

  • Loss and damage due to fire.
  • Direct losses and damage due to lightning.
  • Explosion/Implosion damage.
  • Damage due to Aircraft and other aerial devices.
  • Losses due to riot, strike and malicious damage of properties.
  • Damages due to storm, typhoon, tempest, tornado, floods and inundation of water.
  • Loss or damage due to impact caused by rail/road vehicle or animals (not belonging to insurer).
  • Damage due to landslides and rock-slides.
  • Damage due to bursting or overflowing of water tanks, apparatus and pipes.
  • Losses due to missile testing operations.
  • Leakage from automatic sprinkler installations.
  • Losses due to bush-fire.

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Protect your assets with SFSP Policy

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