Fire insurance is a crucial aspect of protecting your business from devastating financial losses. Fires can occur at any time, and the resulting damage can lead to expensive repairs or even the destruction of your business. Having fire insurance ensures that you are financially protected in case of a fire. With fire insurance, you can […]
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Fire Insurance Policy- A Savior during Fire Damage
The start neither the eventual consequence of a fire can be predicted or known; because of which it is difficult to be prepared before hand for a fire or its consequences; and the only thing a person can do is to get protected to a certain limit by getting financial protection before hand through an […]
What Are The Risks Covered Under Fire Insurance Coverage?
A fire insurance policy is basically a contract between the insurer and the buyer. In the contract the insurer promises to pay for the loss or damages caused to the property of the insurer for a specific period of time. The policyholder initially purchases the policy for a period of one year and can renew […]
How to File a Fire Insurance Claim
Published in Economic times on Apr 29 2016, Written by Kapil Mehta A fire entails not just tremendous physical and financial damage, but also a fair amount of emotional and mental trauma. Nobody expects a fire, so it’s important to be prepared for how to deal with one, if it ever does occur. The aftermath […]
What is the importance of obtaining NOC from the fire department in processing an insurance claim?
A fire is not only physically and financially damaging, but can be traumatic for those involved. As fires are unexpected, it’s important to know how to deal with them if they occur. The aftermath is stressful. So, it’s of utmost importance to obtain the fire NOC document from the Fire department for quick settlement of […]
Insurance Selections That Can Help Protect Retail Stores and Shopping Centres from Fire Damage
One of the most common questions in a business environment is how to find the best insurance options for your retail shop or shopping center. It is important to know what type of insurance coverage you need. There are a few different types of retail shops, including grocery stores, clothing stores, electronics stores, and more. […]
Basic features of office insurance (fire) policy
Q1. What assets can be covered fire insurance policy for the office? Buildings, machinery, furniture, fixtures and fittings, electrical installations, stocks, stocks in trade including work in progress, etc. belonging to any industry, offices, service occupancies, households, etc. Q2. What are the perils/risks covered under fire insurance? Fire. Lightning. Explosion / implosion. Aircraft damage. Riot, […]
What is Occupational Hazard Insurance vs Workers Compensation?
Accidents are inevitable. Proactive measures and occupational safety programs can help to reduce the likelihood of workplace accidents. However, it can be challenging to eliminate the potential risks at the workplace completely. Some of the occupations like construction, firefighters, loggers, miners, etc. are of high-risk nature. Hence, it is imperative to avail of occupational hazard […]
Integrating Cyber Insurance into Corporate Financial Framework
Cyber insurance has emerged as an important tool in a company’s risk management portfolio. It is because of the increasing prevalence of cyber risks. Cyber threats are constantly evolving and can affect the financial framework of any organisation, regardless of size or industry. Organisations must be prepared with appropriate financial resources to manage their cyber […]
A Guide on Home Insurance for the First Time Property Buyers
Buying your first house is a momentous accomplishment, but it also carries with it a lot of responsibility, such as making sure your investment is properly safeguarded. Property and casualty insurance, sometimes referred to as home insurance, is crucial in this situation. We will go further into the world of house insurance in this article, […]