In a short period of time, Qian has emerged as a leading insurance broker for fire insurance policies in India.

The decision to enter the competitive fire insurance market was taken as we saw SMEs not being aware of the available fire insurance solutions.

“We saw more and more SMEs being driven into financial difficulties when their assets got damaged due to a fire accident,” said Umang Shah, Director at Qian Insurance Broking LLP. “

“Fire-related accidents have been a big reason for business disasters. A minor short circuit or an explosion can destroy huge factories and buildings. Fire damage results in huge monetary losses and set a business back by years. Moreover, after a fire accident, one would require substantial investments to resurrect their business, precisely at a time when their resources are stretched. In such cases, a Comprehensive Fire Insurance Policy can go a long way to ensure that these small business owners recoup a major portion of their losses.”

There are different types of Fire Insurance Policies for different types of assets being insured. Different type of assets also require different add-on covers in Fire Insurance Policy to ensure comprehensive fire insurance coverage.

A Standard Fire and Special Perils Insurance Policy compensates the insured party on account of any fire-related damage to the insured property.

The spokesperson further stated, “Fire insurance coverage includes cover for range of perils like strikes and malicious damage, as well as for storm, cyclone, typhoon, tempest, hurricane, tornado, flood, and inundation. Additionally, Fire Insurance Policy also covers fire, riots, explosion/implosion, lighting, impact damage, subsidence, and landslides and rockslides.Clients can also opt for add-on covers in the fire insurance policy by paying additional premiums to enhance fire insurance policy coverage.

Another important extension to the Fire Insurance Policy can be a Business Interruption Insurance which pays for the loss of gross profits faced by the business for the time period the business operations remain interrupted. The amount paid by the Business Interruption Insurance Policy can be used to cover standing charges like rents, interest payment on loans, utility charges etc. A Business Interruption Insurance is also known as Fire Loss of Profit Insurance.”

Qian Insurance Broking offers competitive fire insurance quotes to business owners. The team of experts at Qian has years of experience in assisting clients across diverse industries with their fire insurance requirements. The insurance broker assists its clients with risk inspection surveys for their properties, which would recommend the best practices to minimise the fire risk. Qian helps all its clients in choosing a comprehensive fire cover according to their specific needs.

About Qian Insurance Broking LLP:

Qian Insurance Broking is a leading insurance broker in India for all types of commerc