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Commercial Insurance

Standard Fire & Special Perils Insurance

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Key Features

Fire and Peril Protection, Redefined

Coverage Highlights

Key benefits of this plan

  • Suitable for

Comprehensive coverage for various property risks, such industrial units, warehouses, educational institutions, hotels etc.

  • Named Perils Policy

Provide comprehensive coverages against 12 named perils such as fire, lightning, explosion, implosion, aircraft damage, riots, strikes, natural disasters etc.

  • Add-On Covers

Option to enhance coverage by opting in add-ons such as Earthquake, Terrorism, Escalation Clause, Omission to Insure etc.

Inclusions

What's covered?

  • Fire and Lightning

Coverage for damages from fire outbreaks and lightning strikes

  • Explosion or Implosion

Includes damage from explosions or implosions

  • Aircraft Damage

Covers damage caused by aircraft or other aerial devices

  • Riot, Strike, and Malicious Damage(RSMD)

Protection against damage due to riots, strikes, or malicious acts

  • Storm, Tempest, Flood, Inundation (STFI)

Protects against property damages caused due to storms, cyclones, tempests, tsunamis, floods and inundations

  • Impact Damage

Damage caused by impact from any rail/road vehicle or animal other than insured's own vehicle

  • Subsidence and Landslide

Includes damage due to subsidence of the land or landslides

  • Bushfire

Protection against damages from bushfires

  • Note

Please read policy wording for detailed inclusions

Exclusions

What's not covered?

  • Deliberate Acts

Losses from deliberate acts by the insured or representatives

  • Electronic Equipment Damage

Excludes damages caused by over-running, pressure, short-circuiting, arcing, self-heating, or electricity leakage

  • Cold Storage Stock Damage

No coverage for stock losses due to temperature fluctuations

  • Process Interruption Spoilage

Excludes spoilage losses resulting from process interruptions due to an insured event

  • War and Nuclear Risks

Losses arising from international war, invasion, civil war, rebellion, revolution, insurrection, or nuclear contamination are excluded

  • Pollution or Contamination

Excludes losses due to pollution or contamination unless directly caused by an insured event

  • Property Removed from Premises

Excludes losses incurred due to removal of property unless under specific circumstances (e.g., machinery temporarily taken for repairs)

  • Excess

Deductible as mentioned on the policy document

  • Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?

  • Earthquake

Coverage for damages due to earthquake

  • Terrorism

Coverage for damages due to terrorist attack

  • Many More

Choose from 100+ add-on covers to further enhance your coverage

Benefits You Deserve

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Preferred policy since ages

Widely trusted for comprehensive property protection

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Customized Coverage

100+ add-ons available to enhance cover

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Universal Policy

One policy, Many Industries

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At-A-Glance

Compare business insurance plans made for you

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Bharat Sookshma Udhyam Fire
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Bharat Laghu Udhyam Fire
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Standard Fire & Special Perils
Suitable For Micro and small enterprises Small and medium enterprises (SMEs) For businesses like Large commercial and industrial establishments
Sum Insured limits Upto INR 5 Cr From INR 5 Cr to INR 50 Cr Above INR 50 Cr
Damage to Stucture, Contents & Stock Covered Covered Covered
Explosion, Implosion, RSMD Covered Covered Covered
Spontaneous Combustion Covered Covered Can be opted
Basis of Sum insured Reinstatement/Replacement Value Basis Reinstatement/Replacement Value Basis Reinstatement/Market Value Basis
Terrorism Inbuilt Cover Inbuilt Cover Optional
Cover for Theft Inbuilt (Within 7 days of occurrence of event) Inbuilt (Within 7 days of occurrence of event) Not covered
Underinsurance Waived upto 15% Waived upto 15% Can be opted
Stock Declaration Clause Covered Covered Can be opted
Coverage for Stocks on floater basis Inbuilt Optional Optional
Removal of Debris Coverage Covers upto 2% of the claim amount Covers upto 2% of the claim amount Covers expenses in excess of 1% of the claim amount
Architects, Surveyors, and Consulting Engineers' Fees Covers fees upto 5% of the claim amount Covers fees upto 5% of the claim amount Covers fees in excess of 3% of the claim amount

Why Bajaj Allianz?

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Online convenience & fast processing

Instantly buy, renew, and claim fire insurance policies

Comprehensive fire protection

Covers fire, explosion, and natural disasters for properties.
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Affordable premiums and discounts

Competitive pricing with No Claim Bonus (NCB) benefits.

Quick claims settlement and support

Hassle-free claims process with 24/7 customer assistance.

Download Policy Document

Get instant access to your policy details with a single click.

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Policy Wordings
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Claims Form
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Customer Info Sheet
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Trusted Risk Advisor

Mobile Self Risk Assessment

PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client

Instant Generation of Risk Report

It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client

Start Your Journey

Frequently Bought Together

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Group Mediclaim Insurance

  • Secure your Employee's Health & Wellness
  • Hassle Free Cashless Setllements

Group Personal Accident Insurance

  • Secure Peace of Mind for your employees
  • Financial support for employees against accidental injuries, disabilities and death

Marine Open Policy

  • One policy, multiple shipments, zero hassle
  • Ensure seamless transit coverage all year round with one policy—no hassles, no interruptions

Commercial General Liability

  • Shields against liability due to third party bodily injury & property damage
  • Pays defense costs and fees

Step-by-Step Guide

To help you navigate your insurance journey

How to Buy

  • 0

    Visit the Bajaj Allianz General Insurance website

  • 1

    Fill in the lead generation form with accurate details

  • 2

    Get quote, make payment and receive the policy documents

Buy Now

How to Renew

  • 0

    Contact the Policy Issuing Office

  • 1

    Review expiring policy and share necessary details

  • 2

    Receive renewal quote

  • 3

    Make renewal payment

  • 4

    Receive the renewed policy documents via email

Renew Now

How to Claim

  • 0

    Contact us through our customer service touchpoints

  • 1

    Submit the claim form along with the necessary documents

  • 2

    Provide details of the incident and any supporting evidence

  • 3

    Cooperate with the claims investigation process

  • 4

    Receive the claim settlement as per the policy terms

Claim Now

Know More

  • 0

    For any further queries, please reach out to us

  • 1

    Toll Free : For Sales :1800-209-0144

  • 2

    Email ID: bagichelp@bajajallianz.co.in

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Why Choose Us

Awards
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Bajaj Allianz General Insurance won IBEX award
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Bajaj Allianz wins Product Innovator of the Year
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Bajaj Allianz earns top honours for customer excel

Bajaj Allianz won best usage of data analytics

What Our Customers Say

Affordable

Sookshma Udhayam Fire Insurance is an excellent choice for small businesses like mine. The policy is affordable and covers fire damage comprehensively. 

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Ravi Sharma

Mumbai

5

22nd Jan 2025

Smooth Claim

I had a fire accident in my small shop, and Sookshma Udhayam Fire Insurance covered the damages efficiently. The claim settlement was smooth, and I received my compensation quickly. 

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Sunita Rao

Chennai

4.5

18th Nov 2023

Quick Processing

One of the best fire insurance policies for small businesses. The terms are clear, and they don’t have hidden charges. 

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Manoj Patil

Pune

5

11th Aug 2023

Affordable

Affordable and reliable fire insurance for small businesses! The coverage is impressive, and the premium is pocket-friendly. 

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Vikas Thakur

Hyderabad

5

26th Feb 2023

Best Coverage

This fire insurance is perfect for small businesses. The coverage is comprehensive, and the process of buying the policy was smooth. Their team answered all my queries patiently.

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Rajesh Nair

Kochi

4.7

13th Aug 2023

Smooth Buying

As a small café owner, I wanted a fire insurance policy that was affordable yet effective. Sookshma Udhayam Fire Insurance met my expectations. 

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Meenal Joshi

Ahmedabad

5

13th Aug 2023

FAQ's

What is fire insurance?
Fire insurance usually covers the cost of repairing or replacing property damaged by fire, ensuring businesses and individuals can recover from such incidents.

What perils are typically covered under fire insurance?
Fire insurance generally covers fire and lightning, explosion and implosion, riots, strikes, malicious acts, storms, floods, and earthquakes. Additional coverage can be added as per the policy terms.

Can fire insurance cover the loss of rent?
Yes, many fire insurance policies offer an add-on for loss of rent. This compensates property owners for lost rental income if the insured property becomes uninhabitable due to a covered peril. It's better to check with your insurance provider for better clarity.

Are stocks and inventory covered under fire insurance?
Yes, stocks and inventory stored within the insured premises are typically covered against fire-related damages. Additional coverage can be added for protection against theft or spoilage due to other perils like floods or storms as well.

Who can purchase fire insurance?
Fire insurance can be purchased by businesses of all sizes. Investing in a fire insurance plan protects your property and assets from fire-related risks.

What perils are typically covered under property insurance?
Property insurance generally covers losses due to fire, lightning, explosion, implosion, riots, strikes, malicious acts, storms, floods and earthquakes. Additional coverage for other perils can often be added as needed.

Does property insurance cover the loss of rent?
Yes, loss of rent can be covered as an add-on. If the insured property becomes uninhabitable due to a covered peril, the policy may compensate for lost rental income, providing financial stability during property restoration.

Are stocks and inventory covered under property insurance?
Yes, stocks and inventory stored within insured premises are typically covered against fire-related damages. Additional coverage can be opted to protect against theft or spoilage due to perils like floods or storms.

What types of property can be insured under property insurance?
Property insurance can cover various types of properties, including residential homes, commercial buildings, industrial facilities, and rental properties. Each type of property may have specific coverage options tailored to its unique risks.

Does property insurance cover natural disasters?
Yes, property insurance typically covers natural disasters such as earthquakes, floods, and storms. However, coverage for certain natural disasters may need to be added as an addition to the standard policy.

What is the claim process for property insurance?
In case of a loss, notify the insurer immediately and provide details of the damage. Submit supporting documents like incident reports and any other required document. A surveyor will assess the loss, and once approved, the claim will be settled as per policy terms.

How long does it take to settle a property insurance claim?
The time to settle a claim can vary depending on the complexity of the claim and the documentation provided. Generally, it can take anywhere from a few weeks to several months.

What should I do if my claim is denied?
If your claim is denied, review the denial letter to understand the reasons. You can appeal the decision by providing additional evidence or documentation to support your claim.

Can I claim for temporary accommodation costs?
Yes, many property insurance policies include coverage for additional living expenses if the insured property becomes uninhabitable due to a covered peril, This can cover temporary accommodation costs.

What is a deductible in property insurance claims?
A deductible is the amount you are responsible for paying out of pocket before the insurance coverage kicks in. It is usually specified in the policy and can affect the premium amount.

How often should I renew my property insurance policy?
Property insurance policies are typically renewed annually. It's important to review your coverage and make any necessary adjustments at each renewal.

Can I switch insurers at the time of renewal?
You can’t switch insurers at the time of renewal, but you can opt for a different insurance policy with a new insurer if you feel it’s necessary.

What happens if I miss the renewal date?
If you miss the renewal date, your coverage may lapse, leaving your property uninsured. Some insurers offer a grace period, but it's best to renew on time to avoid any gaps in coverage.

Can I make changes to my policy at renewal?
Yes, you can make changes to your policy at renewal. This includes adjusting coverage limits, adding or removing coverage, and updating any information about the insured property.

Will my premium change at renewal?
Premiums can change at renewal based on various factors, including changes in coverage, claims history, and any updates to the insured property. It's important to review the renewal terms carefully.
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With Motor On-The-Spot, Health Direct Click, etc we provide fast claim process , Our sales toll free number:1800-209-0144