REQUIREMENTS
- Completed Proposal Form
- KRA PIN for the Insured
- Premium Payment
OUTLINE
Fire industrial insurance, also known as fire insurance for industries or commercial fire insurance, is a type of insurance coverage designed to protect businesses and industrial establishments from financial losses due to fire-related incidents. This insurance policy provides compensation for damages or losses caused by fire, including destruction of property, equipment, inventory, and other assets.
DETAILS AND BENEFITS
Fire industrial insurance typically covers the cost of repairing or replacing damaged property and can also extend to cover business interruption losses, which may occur if the business operations are temporarily halted or affected by the fire. The policy premium is determined based on factors such as the type of industry, the value of assets, the level of fire risk, and the safety measures implemented by the insured.