It covers the compensation for loss or damage to the insured property as a direct result of fire or extinguishing water or other firefighting measures, heat, Smoke or steam resulting from fire, Lightning or thunderbolt, explosion as well as for the Demolition of Structures and Removal of Debris by order of Public Authority or made for the purpose of safety as a consequence of the aforementioned risks.

The insurer undertakes to indemnify the insured against financial loss sustained by reason of certain defined property being lost, damaged or destroyed by the stated perils within a stated period, the liability of the insurer being limited to a specified sum nsured.

INDUSTRIAL

Standard Cover

• Fire, Lightning or thunderbolt
• Explosion
• Crashing aircraft and other aerial devices or articles dropped therefrom
• Impact by animals, trees, aerials, satellite dishes;
• Impact of Land Vehicles
• Extension
• Storm, water, hail or snow

• Floods and Inundation
• Theft or Burglary; 
• Of Goods; 
• Of Cash in Safe; 
• Of building/Property;
• Strikes Riots and public disorder
• Vandalism or Malicius Damages
• Seismic Phenomena
• Subsidence landslide and rockslides extension
• Demolition of Structures and Removal of Debris
• Public Liability 
• Reconstitution of Documents
• Documentation Expenses
• Loss of Rent (building).
• Spontaneous Combustion
• Electrical Risks
• Temporary Deprivation of Use of the Place of Activity (contents)
• Fire Protection Hydraulic Systems Spillage
• Glass Breaking, Mirrors, Signs and Luminous Ads

BUSINESS INTERRUPTION

It provides cover for the actual loss of profits sustained as a result of business interruption caused by an accident indemnifiable under MUSTIRISK insurance. Possible causes of such an accident may be fire, Lightning or thunderbolt, explosion or any other cause covered under MULTIRISK Policy. 

GENERAL THIRD PARTY LIABILITY

General Third Part Liability provides compensation in respect of legal liability towards accidental Third Party Property Damage and/or Third Party Death/Bodily Injury; and Legal Defense costs and expenses

PROFESSIONAL INDEMNITY/LIABILITY

It provides cover for legal costs and expenses incurred in defending the insured as well as any damages or costs that may be awarded, if alleged to have provided inadequate advice, services or designs to their clients.

FIDELITY GUARANTEE

Fidelity Guarantee Insurance provides indemnity to employer against loss of money or property as a result of acts of fraud or dishonesty of any employee of the insured during the period of insurance, and during the uninterrupted continuance of employment of the said employee, and in connection with the occupation and duties of the said employees.