Fire

Fire and Allied Perils Insurance

A lot of time, hard work and considerable money are put into building up a business. It’s known how misfortune can strike when one least expects it. Almost anything can happen at any time – a short circuit can reduce assets to ashes, a burst pipe can flood the premises, a riot or strike can wipe away years of effort. One cannot predict the future but we can definitely buy protection against such uncertainties. Century Insurance is known to provide one of the best Fire and Allied Perils products in the industry. We take pride in providing comprehensive protection backed by sound financial capability.

 The policy protects against physical loss or damage as a result of Fire and/or Lightening which is a basic cover and it can be extended to cover additional “named perils” such as explosion, natural calamities (like earthquake, storm, flood, landslide etc.), impact damage by vehicle / animal / aircraft, riots, strikes, malicious acts, bursting of pipes / water tanks, sprinkler leakage and bush fires.

 Loss of Profit following Fire and Allied Perils

A business is the sum of the efforts and aspirations of all staff members. Fire can destroy everything in its path, leaving the management to recoup in its aftermath. Protecting the assets against fire is, of course, essential. But what about the losses that are incurred from disruption to a business following a fire? The financial consequences can often be just as devastating to an organization. That’s where Century Insurance is there, all the way, till a business is restored to its pre-damage level.

In the event of any interruption to a business as a result of physical loss or damage due to any peril insured under the Fire Material Damage Policy, this policy enables the policy holder to recover:

• Loss of Gross Profit due to a reduction in turnover.

• Increased Cost of Working incurred in minimizing that Loss of Gross Profit.

Industrial All Risk Insurance

Sometimes, even a minor accident, breakdown or theft can result in extensive loss to industries. With large sums invested in machinery and electronic equipment the risk can be high in terms of material damage as well as business loss. What’s vital is an all – encompassing cover such as Century’s Industrial All Risk Insurance that gives an industry the reassurance it needs.

The policy covers all risks / perils other than those which are specifically excluded. The cover in its widest form, referred to as “all risk”, can include the following perils/covers:

• Fire and allied perils.

• Burglary.

• Machinery Breakdown / Boiler Explosion / Electronic Equipment Insurance.