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Commercial Property Insurance

Commercial Property insurance in india by Bajaj Allianz

Property Insurance

When you’re running a business, your business property, where you conduct your business and store your inventory, is your base camp. It all starts and ends there. It is home to all your assets, from plants and machinery to computers and printers, and it’s where you and your employees brainstorm, work hard and make the magic happen. It is central to the existence, survival and growth of your business.

Any disturbance, major or minor, can have a cascading effect on the daily functioning of your company that can be catastrophic. For instance, a fire will not only damage the building but also the stock and machinery and equipment inside it. This would have a huge financial impact, interrupt the daily functioning of your business and may ruin relationships with clients.  

Most companies in such a situation would find it hard to manage the disaster and get back on their feet. The worst part is, no matter how many precautions you take, such unfortunate events have a way of sneaking up on you at the most unexpected times.

We know you’ve built your business by putting in it everything that you’ve got, and we think it’s unfair and quite unnecessary for all of that to go to waste because of such a happening. Hence, we offer you Bajaj Allianz Property Insurance. 

WHY BAJAJ ALLIANZ PROPERTY INSURANCE?

At Bajaj Allianz General Insurance, we specialize in offering Commercial Property Insurance for the most complex and challenging exposures. With a focus on major national risk portfolios, we offer tailor made property damage and business interruption insurance catering to the needs of all organisations from small & medium commercial enterprises to large corporations.

With our extensive experience in Commercial Property Insurance, we can address risks that other insurers cannot. We don't just bring major capacity to the table - we back this up with an appetite for specialist challenges where we can really add value.

We have an internal team of technically certified risk consultants as well as an access to the Allianz Risk Consultants across the globe and we ensure that clients benefit from this shared experience. This may include a risk survey program or working with the client to review any exposure to natural catastrophe risk via the latest property risk modelling techniques.

With our extensive experience in Commercial Property Insurance, resources and appetite to tackle the most complex and challenging risks, and tailor-made policies catering to the various needs of your company, we ask you to believe that we’ve got your back.

We can go on and on about our capabilities, but we need you to know that our expertise and capacity is backed by our understanding for your business and a sense of responsibility and care for the same. 

We offer a variety of Property Insurance Policies as well as package policies so you can choose as per the needs and requirements of your business, because well, who knows your business better than you do?

STANDARD FIRE & SPECIAL PERILS INSURANCE

    A tiny spark can cause a big fire and that fire can be the end of all your assets. Such accidents are common, often unavoidable and disastrous. Our Standard Fire & Special Perils Insurance Policy, the most essential Property Insurance Policy, is designed to protect your company against the effects of such an accident.

    We’ll cover for the loss of and damage to your property due to accidental fire, lightning, explosion and implosion and destruction or damage caused by aerial devices. We also cover man-made calamities like riots, strike etc, and natural calamities like storm, cyclone, flood etc. Damage caused by impact by a rail or a road vehicle is also covered.  

    Damage caused by landslide or subsidence and damage caused by pollution and contamination, bursting and/or overflowing of water tanks, apparatus and pipes, missile testing operations, leakage from automatic sprinkler installations and bush fire is also covered.

    This policy basically ensures that no matter the accident, natural or manmade, you don’t have to worry about its consequences for we’ll take care of it.

BUSINESS INTERRUPTION INSURANCE

    Getting a range of Property Insurance Policies helps cover the direct financial loss. For instance, having a Fire & Special Perils Insurance will cover the loss of or damage to the machinery in case of an accident.

    However, what about the indirect loss? The loss resulting out of the interruption in production during the period your machinery is getting repaired or replaced? Such a loss is significant too and can create havoc in your business’s daily operations. Let us take care of such losses with the help of our Business Interruption Insurance Policy.

    We’ll cover such a loss to ensure that the blow of any accident or event that disrupts your business is not felt by your company. 

BURGLARY INSURANCE

    Burglars are an evil of our society and no matter how many safety precautions you take for your business property, if it becomes their next target, it’s unsafe.

    Bajaj Allianz Burglary Insurance is a key Property Insurance Policy that will cover you for loss of or damage to contents of your insured premises. We’ll cover such loss and damage not only for actual burglary and/or robbery but also for attempted burglary and/or robbery.

INDUSTRIAL ALL RISKS INSURANCE

    It’s usually in hindsight that we realize the precautions that could have been taken to avoid an unfortunate event and thereby lessen the impact of its consequences. 

    That’s because life is complex and seeing both the bigger picture as well as the micro level of things is not always possible.

    However, we’ve carefully designed our Industrial All Risks Insurance Policy for this every purpose. It’s a comprehensive Property Insurance package policy that offers you a cover for almost all the risks and perils that your company may face during its daily operations.

    With the help of our industry experience and expertise, we’ve designed this holistic cover to ensure that every aspect of your business is covered from the possibility of loss or damage. This Property Insurance cover safeguards your building, machinery, furniture, fixtures, electrical installations and more on reinstatement value. It also covers your stock based on market value.

    The Industrial All Risks Insurance Policy combines the various individual insurance covers your business needs like Fire & Special Perils Insurance and Business Interruption Insurance, among others. This way we ensure that we take care of your blindside so that you never find yourself in a financial fix.

MEGA RISK INSURANCE

    If your corporation is large, you know that so are the risks its vulnerable to. If you’re looking for an Insurance Policy that can handle the risks at such a large scale, then Bajaj Allianz Mega Risk Insurance Policy is it.

    If the sum insured of the insurance policies you want to opt for, like Business Interruption Insurance, Machinery Insurance, etc, for one location of your business come up to Rs 2500 crores or more, then Mega Risk Insurance is what you need.

RISK MANAGEMENT SERVICES

    Every project or venture that your company undertakes brings with it a unique set of possible risks.  But we know that that’s just the nature of business and that it doesn’t scare you. Kudos to your spirit!

    While it’s good to not be intimidated by such potential risks, it’s also good to take strategic actions to prevent them and minimize their impact on the operations and profitability of your business.

    Bajaj Allianz Risk Management Services will help you not just predict and prevent potential risks but also prioritize decisions. This will help minimize the financial impact and will allow your organisation to continue working smoothly.

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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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