The Risk

Property of any kind whether Manufacturing Units, Warehouses, Shops, Offices, Hotels, Schools, Hotels, Hospitals, Offices, Residential or Commercial complexes could be exposed to loss or damage due to innumerable risks such as natural catastrophes, Fire, Burglary, theft etc.

The Solution

The Standard Fire and Allied Insurance policy can be taken by any kind of risks -manufacturing units, storage units, trading and services. The core coverages offered are Fire & Allied Perils Insurance and Fire Consequential Loss Insurance. In addition Howden also offers package policies against risks of Burglary, Money, Employee Infidelity, All Risk Insurance (for portable equipment), Plate Glass and Travel Baggage Covers etc.

Standard Fire and Special Perils

Perils insured are fire, lightning, explosion / implosion, impact damage, aircraft impact, bursting / overflowing of water tanks / pipes / apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, subsidence, landslide including rock slide, riots, strikes, malicious damage, missile testing operations. Other perils which can be insured as add-on covers are Earthquake cover, Terrorism cover, removal of debris, spontaneous combustion etc.

Consequential Loss of Profit

This policy covers loss of profits of a business due to reduction in the turnover caused by a loss or damage covered in the Standard Fire Policy. This insurance includes cover for Increased Cost of Working following the loss of Standing Charges.

Burglary Insurance

To the insured’s premises or contents caused by actual or attempted burglary/robbery (excluding valuables unless specifically insured).

Money Insurance

Money in Transit: Loss of money in transit to the specified destinations against robbery, theft or any other unfortunate event. Transit for the purpose of this Policy commences with the taking over of the money for the purpose of transit and ends as soon as the money reaches the place of delivery.

Money in Safe: Loss of money in kept in safe which have to be paid as salaries towards employees or petty cash kept in safe.

Fidelity Insurance

Any direct pecuniary loss caused by the act of fraud or dishonesty committed by any salaried person employed by the insured during the course of the business provided:

Such loss is committed by the employee with the primary intention to obtain personal financial gain and such loss is first discovered during the policy period

Breakdown of Appliances

This section covers breakdown of any business appliances such as photocopying machine, deep freezers, Money Counting Machines, AC’s, etc. solely as a result of electrical or mechanical breakdown.

Sum insured in respect of each item shall be equal to the cost of replacement value.

Breakdown of Electronic Appliances

This is an ALL RISK COVER and losses or damages due to any cause other than those specifically excluded are covered.

Damage to data media and cost of reproduction of lost data can also be covered. Items insured under this section need not to be insured under Fire & Burglary Sections.

Sum insured to be on reinstatement basis.

Neon / Glow Sign

Covers any losses or damage due to accidents, fire and allied perils, riots and strikes to the neon / glow signs

All Risks (portable equipment)

Insures the risk of accidental damage to portable equipments such as laptops and other electronic equipments, test & measuring instruments, etc. Also covers these equipments at any location and including whilst in transit in the personal custody of the employees of the business.

Plate Glass

Fixed plate glass in the interior of the business premises or the show-windows is expensive and is prone to accidental and/or malicious breakage. Plate glass Insurance covers the risk of accidental damage to plate glass installed in the business premises. Covers repair/replacement of such glass and reasonable costs for damaged frames and frameworks but subject to a maximum of the amount decided for each and every claim.

Travel Baggage

Covers accompanied baggage of employees on travel for business purposes.

For Further Information Contact:

Debasish Mukherjee

Sr VP & Head – Corporate Business


+91-22-6655 8868