Fire Policy: protection against financial losses arising due to the destruction of assets




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For Corporates > Fire
Janashakthi provides a wide range of services under fire and allied perils to protect your organisation'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, Seaquake, Volcanic Eruption, Tsunami, Tidal Wave, Hail, Damage from Aircraft, Impact from Road Vehicles, and Bursting & Overflowing of Water Tanks.
	Whilst you can add any of these additional covers depending on the specific nature of the risks your organisation faces, we strongly recommend the extension of your basic fire and lightning policy to cover Riot & 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.
*If you need to meet one of our professional Financial Advisors to customise our Fire Policy according to the distinct requirements of your organisation please click here to Contact Us.*
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Protection from consequential loss
	Whilst your fire policy compensates you in the event of loss of or damage to physical assets, a Consequential Loss policy provides protection against any consequent financial loss that may arise as a result of loss or damage to physical assets. It is customised to ensure that the policy holder will not suffer any loss as a consequence of damage to physical assets.
	For example a Factory owner can replace his assets with a fire protection plan but he/she may have to still pay bank interest, wages & salaries and lease rentals until his business is back to normalcy. There will also be a loss of profits due to the interruption to his/her business. A consequential loss policy is specially structured to take care of such eventualities.
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