Small and Medium Factory owners form the backbone of the Indian economy, contributing significantly to its growth and development. Fire incidents are a common occurrence and can cause significant damage to plant and machinery, warehouse stocks and often result in damage worth crores of rupees.

The new Fire Insurance Policy from Qian Insurance Broking is aimed at providing factory owners with the necessary protection against fire accidents.

The Fire Insurance Policy covers a range of fire-related risks such as Fire, Lightning, Explosion, Implosion and it also covers damage caused by natural calamities such as floods, earthquakes, and storms. In addition, the Policy provides coverage for loss of profits and business interruption caused by fire incidents.

In such a scenario, a comprehensive fire insurance policy is of immense help to recover losses. A Fire Insurance Policy will provide reimbursement for any damage to the insured assets on account of covered perils. This will enable a business to restart business operations after a fire-related damage.

The spokesperson added, “All sorts of assets such as plant & machinery, buildings, stocks and inventory, furniture, fixtures & fittings can be insured with Qian’s Standard Fire and a Special Perils Insurance Policy.

The Fire Insurance Policy can also be extended to cover business interruption which will cover the loss of gross profits faced by the business until the business does not resume normal operations after a fire-related damage. The Insurance Policy covering Business Interruption is known as Business Interruption Insurance. The Business Interruption Insurance Policy can pay for fixed charges like rent, employee salaries, interest payments and helps the business owner sustain himself when the business is not generating revenues due to fire-related damage.”

Constructing a Fire Insurance Policy which provides comprehensive coverage and is customized to suit the needs of your business requires the assistance of an experienced insurance broker. The team at Qian understands the challenges faced by SMEs and the importance of having a fire insurance policy in place to protect their businesses. Additionally, we make sure to add the important add-on covers in a fire insurance policy, compare quotes and coverages amongst multiple fire insurance companies and also assist with the entire claims process in a fire insurance policy.

Overall, the launch of the new Fire Insurance Policy from Qian Insurance Broking provides SMEs with access to affordable insurance solutions and ensures that they are able to recover quickly from any potential loss or damage caused by fire incidents. With the launch of this new policy, Qian Insurance Broking has reaffirmed its commitment to supporting the growth and development of the Indian SME sector.

About Qian Insurance Broking LLP:

The team at Qian can assist you with various commercial insurances such as Trade Credit Insurance, D&O Liability Insurance, Group Personal Accident Insurance, Workmen’s Compensation Insurance etc.