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What is Fire and Allied Perils Insurance?

Fire and Allied Perils Insurance is a specialized insurance policy designed to protect manufacturing and production facilities from losses due to fire and other related risks. This coverage ensures that your business is safeguarded against unforeseen events that could disrupt operations, damage assets, or cause significant financial loss.
The policy not only covers fire but also a range of additional perils such as lightning, explosion, storms, floods, and more, offering comprehensive protection for your facility and its contents.

Why Choose Fire and Allied Perils Insurance?

  • Comprehensive Protection :
    Covers a wide array of risks beyond fire, including natural disasters and other allied perils that can cause significant damage to your facility.
    Safeguard Against Financial Loss :
    Provides financial support to repair or replace damaged property, minimizing the financial impact on your business.
    Business Continuity :
    Helps maintain business operations and reduces downtime by covering the costs associated with damages and repairs.
    Customizable Coverage :
    Tailor the policy to match the specific needs and risk profile of your manufacturing or production facility.
    Peace of Mind :
    Focus on running your business with confidence, knowing that you’re protected against unexpected events.
  • Comprehensive Protection:

    Covers a wide array of risks beyond fire, including natural disasters and other allied perils that can cause significant damage to your facility.

  • Safeguard Against Financial Loss:

    Provides financial support to repair or replace damaged property, minimizing the financial impact on your business.

  • Business Continuity:

    Helps maintain business operations and reduces downtime by covering the costs associated with damages and repairs.

  • Customizable Coverage:

    Tailor the policy to match the specific needs and risk profile of your manufacturing or production facility.

  • Peace of Mind:

    Focus on running your business with confidence, knowing that you’re protected against unexpected events.

Inclusion

Coverage for loss or damage due to fire, lightning, explosion and implosion.
Protection against natural calamities like storms, floods, cyclones, hurricanes, and earthquakes.
Coverage for impact damage caused by aircraft, vehicles, or falling objects.
Damage caused by overflowing water tanks, pipes, and apparatus.
Protection against riots, strikes, and malicious damage.
Expenses for debris removal following a covered event.
Reimbursement for firefighting expenses incurred in extinguishing a fire.

Exclusion

Loss or damage due to intentional acts, negligence, or deliberate misconduct.
Normal wear and tear, depreciation, or gradual deterioration.
Damage caused by war, invasion, or other acts of foreign enemies.
Loss or damage to property undergoing any process involving the application of heat.
Damage to electrical machinery or apparatus caused by electrical disturbances unless fire ensues.
Loss of profit or consequential loss unless specifically covered under a different policy.
Loss or damage caused by pollution or contamination.

FAQ's

This policy covers a wide range of properties, including buildings, machinery, equipment, raw materials, finished goods, and other contents within the manufacturing or production facility.
Allied perils typically include:

  • Explosion
  • Smoke damage
  • Water damage
  • Impact damage
  • Falling objects
  • Aircraft damage
  • Riot and civil commotion

Consult with an insurance professional to assess the value of your property and potential losses to determine the appropriate coverage amount.

Loss of use coverage provides compensation for additional living expenses if your home becomes uninhabitable due to a covered fire. This coverage is often included as part of a comprehensive Fire Insurance policy.

Yes, the policy can be tailored to meet the specific needs of your business. You can choose to include or exclude certain risks, depending on your unique requirements.

To file a claim, contact our claims department with your policy details, incident report, and any other necessary documentation. Our team will guide you through the process and help expedite your claim.

Yes, deductibles may apply depending on the type and extent of coverage you choose. Please refer to your policy documents for specific details.

Implement fire prevention measures such as regular inspections, maintenance of fire suppression systems, employee training, and compliance with local fire codes.

No, temporary relocation expenses are not covered under this policy unless specifically mentioned. For such coverage, you may need to consider additional business interruption insurance.

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