Business & Asset Insurance

Business & Asset Insurance is a type of general insurance designed to protect your business premises, equipment, inventory, and other valuable assets from unexpected events like fire, theft, natural disasters, or accidental damage.

Any entity that owns a shop, office, factory, warehouse, or commercial asset — including retailers, manufacturers, service providers, startups, and SMEs — should invest in Business Insurance to safeguard their financial stability.

Coverage may include fire, burglary, electrical short-circuit, equipment breakdown, natural calamities (like flood, earthquake), and even loss of income due to business interruption, depending on the policy chosen.

Yes. You can take specialized policies like Machinery Breakdown Insurance or Electronic Equipment Insurance to protect vital tools, machines, and computer systems from accidental or operational damage.

Absolutely. Many plans include Public Liability, Product Liability, and Employer’s Liability Insurance to protect your business from legal claims made by third parties, customers, or employees.

Inventory Insurance covers raw materials, finished goods, and stock-in-trade against perils such as fire, flood, theft, or accidental damage within the insured premises.

Premiums are based on factors like asset value, location, risk exposure, industry type, and coverage required. Custom quotations are provided after evaluating the specific needs of your business.

Yes, most insurers offer modular or customizable policies where you can select specific covers like fire, burglary, liability, or equipment insurance based on the size and nature of your business.

To file a claim, you must inform your insurer immediately, submit a filled claim form, FIR (if applicable), supporting documents like photos/invoices, and cooperate during the surveyor’s inspection. Claim approval usually depends on timely submission and policy terms.

Yes. Premiums paid for Business & Asset Insurance are typically treated as a business expense and are eligible for tax deduction under the Income Tax Act, reducing your taxable income.