A worry-free ride awaits you! Get comprehensive coverage for your Car and secure your ride in a breeze.
Kick start a hassle-free ride! Avail long term Two-Wheeler Insurance and enjoy convenience and long term protection.
Increase your knowledge on car maintenance, car models, car accessories and lots more
Leave travel nightmares behind to have a dream trip! Opt for Single Round Trip Travel Insurance and have a worry free trip abroad.
Assurance for your frequent trips! Secure as many as 30, 45 or 60 days per trip through the year and enjoy hassle-free travel on the loop.
Protect those who matter to you most! Choose Complete Health Insurance as your shield against health worries.
Your health deserves more! Boost your health cover and seize the key to a healthy and worry-free future.
Avail surety for times of hardships! Invest in accident insurance to safeguard your finances against the unexpected affordably.
Prepare for the unexpected! Safeguard your home as well as its contents against natural calamities, theft or other perils.
Chase your business dreams stress-free! Get the perfect protection cover tailored to your personal and business needs.
Emphasis on the rural sector is the need of the hour! We provide customized insurance offerings for the surging rural sector.
No matter where you choose to live and work, we make it easy and convenient for you to secure your family and assets back in India.
Thank you for your valuable feedback.
Link has been sent
Thank You ! We'll respond to your request shortly.
May I help you?
Scope of Cover
Fire and Special Perils Insurance compensates only for material damage to the insured property. It specifically excludes any consequential loss.
In case of a major loss caused by fire, there could be an interruption in business operation leading to reduction in turnover finally resulting in possible loss of profits. However, standing or fixed charges continue to accrue regardless of whether there is any production or not. Such loss cannot be covered under fire policy.
Consequential Loss Insurance compensates for the revenue loss suffered by the enterprise. Hence, for complete protection to the business enterprise and its profitability, Consequential Loss Insurance is very essential in addition to Fire Insurance.
Code: Fire 02
The policy broadly covers loss of net profit on account of interruption of business, consequent upon material damage to property due to fire or any other insured peril under the Standard Fire and Special Perils Policy.
It also covers standing charges which continue to be incurred during the period of interruption and the increase in cost of working necessarily and reasonably incurred to maintain the business as far as possible at its normal level, so that loss under net profit and standing charges is avoided or at least minimised.
Sum to be insured under this policy is the estimated gross profit for the indemnity period selected.
Indemnity period is the maximum period beginning with the occurrence of the damage, for which cover of loss of gross profit is required and should reflect the maximum period anticipated for reinstatement of the damaged property. The maximum indemnity period permissible under the policy is 3 years.
Basis rate depends on Fire and Special Perils rate. Final rate is influenced by indemnity period chosen. At inception, gross profit is taken on estimated basis and is subject to declaration of the actual figures after expiry of policy based on final audited accounts.
Claims are payable in full without any deduction
Policy can be extended to suppliers' and customers' premises or public utilities, on which the business is dependent and cost of auditor's fees required to submit claim on insurer
By clicking on the hyperlink, you will be leaving ICICI Lombard website and entering to another external website. ICICI Lombard does not control or endorse this website and bears no responsibility of them.
Click To Proceed