The main risk of operating a business without any cover is that you will lose money. This may be through replacing or repairing damaged property, paying compensation or not being able to trade as you normally would. Unexpected events can lead to companies going out of business if they are not adequately covered for what they would not be able to recover from.
Our Property Insurance Policy covers damages/ losses to property caused by disasters and unforeseen events like fire, lightning, earthquake, flood, land and rock slid, war and terrorist attacks. Here the term property implies to building, content of building i.e. machinery, furniture, fixture and miscellaneous equipment. This Policy is most suitable for production and service companies, educational services, medical services, financial services and consultancies, real estate, governmental organs and homes.
The premium amount is calculated based on the nature, size, location and content of the organization.