• Why you need the policy: Every business need is unique, the premises you operate in or the nature of your business is different from another business owner. That is why, you need the best policy befitting your criteria.
• What the policy offers: From normal fire insurance to protect your premise to the one insuring your industrial unit or factory to specific factory insurance for SMEs, MSMEs, and large corporates, you can buy a host of varied policies to cater to all specialized business needs in order to stay covered against an unplanned fire havoc. Storage at port is also a vital insurance for business owners dealing with regular transits and this policy helps offer a security in case something untoward happens in storage.
• Who should buy: Fire Insurance for small business in Mumbai is a must to mitigate the risk arising from fire and it will always give you a hefty coverage, provided you decide on the right add on and policy and decide on a good premium. Business owners should invest in this policy to safeguard their premises against undue losses.

As the insured, you can claim as per your specified coverage in case of loss. However, this amount is not the measure of the loss. The loss can be analyzed only post the fire incident. When deciding on the claim amount, your insurer is liable to make a payment for the actual amount of loss not exceeding the maximum amount fixed under the policy.