Property insurance provides financial reimbursement to the owner or tenant of a building and its contents in the event of damage or theft. You can additionally protect your business against loss of income and additional expenses following insured event.
Fire and Allied Perils Insurance
This is a type of property insurance covering buildings and contents against loss or damage resulting directly from the insured peril. Various types of Fire and Allied Perils Insurance are available for commercial and personal property.
Business Interruption Insurance
This type of cover is an extension protecting the business income against the interruption in the ordinary operations of the business as a result of the peril insured under Fire and Allied Perils Policy.
This type of policy provides you with a cover against loss or damage to the insured property as a result of acts of terrorism and sabotage. Business interruption can also be insured against terrorism risks.