Janashakthi provides a wide range of services under fire and allied perils to protect your organization's assets from destruction or damage by natural calamities and the destructive acts of man.
Our basic fire policy provides protection against financial losses arising due to the destruction of assets from fire and lightning. It can be extended to include several other perils such as riot and strike, malicious damage, terrorism, explosion, spontaneous combustion, sprinkler leakage, electrical damage, storm, tempest, flood, cyclone, earthquake, tornado, hurricane, sea-quake, volcanic eruption, tsunami, tidal wave, hail, damage from aircraft, impact from road vehicles, and bursting and overflowing of water Tanks.
Whilst you can add any of these additional covers to your policy depending on the specific nature of the risks your organisation might face, we strongly recommend the extension of your basic fire and lightning policy to include riot and strike, malicious damage, explosion and terrorism as basic covers.
In the recent times, there have been many instances of storm damage and flooding(not necessarily from rivers, but even from overflowing of drains and flooding of nearby areas). The Tsunami catastrophe caused untold destruction. We therefore advise you to protect your assets against all natural perils such as Storm, Tempest, Cyclone, Flood, Earthquake, Tsunami, Tidal Waves etc.
Whilst your fire policy compensates you in the event of loss of or damage to physical assets, a Consequential Loss policy will provide protection against any consequent financial loss that may arise as a result of loss or damage to physical assets. It is customized to ensure that the policy holder will not suffer any loss as a consequence of damage to physical assets. For example factory owner can replace his assets with a fire protection plan but they may have to still pay bank interest, wages and lease rentals until his business has been restored back to normalcy. There will also be a loss of profits due to interruption in their business activities. A consequential loss policy is specially structured to take care of such eventualities.