FIRE AND ALLIED PERILS INSURANCE
Scope of Cover
The policy protects you from physical loss or damage as a result of Fire and Lightening which is a basic cover and it can be extended to cover” named perils” such as explosion, natural calamities (like storm, floods, landslide etc),impact damage by vehicles /animals aircrafts, riots ,strikes ,malicious acts, bursting of pipes/water tanks, sprinkler leakage and bush fires.
Main Extensions
- Earthquake (fire and shock)
- Spontaneous combustion
- Impact damage
- Fees of architect, surveyor and consulting engineer
- Debris removal
- Burglary
- Riot and strike Damage
- Malicious Act
- Explosion
- Atmospheric disturbance
- Aircraft damage etc
- Electrical Clause B
- Allied Perils
LOSS OF PROFIT FOLLOWING FIRE AND ALLIED PERIL
Scope of Cover
In the event of any interruption to your business as a result of damage to your premise due to any peril insured under the Fire Material Damage Policy, this policy enables you to recover:
- Loss of Gross Profit due to a reduction in turnover
- Increased Cost of Working incurred in minimizing that loss of Gross Profit
Main Extensions
- Wages
- Lay-off and retrenchment compensation and notice wages liability
- Auditor’s extension
- Supplier’s extension
- Customer’s extension
- Public utilities extension