Standard Fire & Special Perils
The classic fire & allied-perils cover for buildings, plant, stock and equipment.
Home › Business Insurance › Property & Fire
Buildings · Plant & machinery · Stock · Fire & perilsA fire, flood or accident can destroy in minutes what took years to build. Property & fire insurance covers your building, machinery, stock and equipment against fire and allied perils — so an insured event doesn't shut you down. We insure you to the right value and add the perils that matter, at a competitive premium.
Property & fire insurance (typically Standard Fire & Special Perils, or the Bharat Sookshma/Laghu Udyam packages) covers physical assets — your building, plant, machinery, stock and equipment — against fire and a defined list of allied perils. It restores what an insured event damages or destroys.
Getting sums insured and add-ons right is exactly where a broker protects you — we do this for a living.
The classic fire & allied-perils cover for buildings, plant, stock and equipment.
A simplified, standardised package for micro enterprises (sum insured up to ₹5 crore).
The small/medium-enterprise package (₹5 crore to ₹50 crore), with built-in protections.
Replaces lost profit and fixed costs while you rebuild after an insured loss.
Machinery breakdown and electronic-equipment cover for plant and IT assets.
Flexible cover for fluctuating stock or stock across multiple locations.
Cover the cost to rebuild/replace, not the depreciated book value — this is how you avoid the "average" clause cutting your claim.
Flood, earthquake or terrorism aren't always automatic. If you're exposed, make sure they're included.
Rebuilding takes months. BI cover keeps profit and fixed costs flowing while you recover.
Bharat Sookshma/Laghu Udyam simplify cover — and add protections — for smaller enterprises.
New stock, machinery or locations must be added, or you'll be under-insured when it matters.
Under-insurance is the single biggest property-claim trap — and avoiding it is exactly what a broker does.
Fire, lightning and explosion, plus allied perils such as riot, storm, flood and impact — for your building, plant, machinery, stock and equipment. Earthquake and terrorism are usually opt-in.
If you insure for less than the full value, insurers pay claims in the same proportion. Insure ₹50 lakh of stock for ₹25 lakh and a ₹10 lakh claim pays only ₹5 lakh. We help you insure to full value so this never bites.
Reinstatement (the cost to rebuild or replace). It ensures a claim actually restores your assets rather than paying a depreciated amount that won't cover replacement.
Standardised, simplified fire packages for micro (Sookshma, up to ₹5 crore) and small/medium (Laghu, ₹5–50 crore) enterprises, with helpful built-in protections and automatic covers.
Highly recommended — rebuilding takes months, and BI replaces lost profit and fixed costs while you recover. It's often more valuable than the asset cover itself.
Tell us about your premises and assets and we'll arrange the right cover at a competitive premium.
Get your best quote