Asset Protection Insurance
Protection for physical and operational assets — structured to reflect reinstatement value, not book value. We ensure your assets are covered at their true replacement cost.
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AssetProtection
Property · Marine · Engineering
Most commercial property policies in India are placed at a sum insured that was either estimated loosely at inception or has not been updated to reflect current reinstatement costs. In a period of significant construction cost inflation, the gap between insured value and actual replacement value can be substantial.
When a claim occurs, insurers apply the principle of average — paying only the proportion of the loss that the sum insured bears to the actual value of the asset. A business that believes it is fully covered discovers, at the worst possible moment, that it will recover sixty percent of its loss.
We review asset valuations, assess exposure scenarios, and design coverage that responds when it matters — not coverage that looks adequate on paper but fails under scrutiny.
PRODUCTS
Industrial All Risk Insurance
Comprehensive coverage for manufacturing and industrial facilities against a wide range of perils including fire, natural catastrophes, and operational accidents.
Whats Covered
Fire, explosion, natural perils, machinery breakdown, business interruption, debris removal, loss of rent, architects' fees
Key Exclusions
War, Nuclear Perils, Wear And Tear, Gradual Deterioration, Wilful Negligence, Consequential Loss Beyond BI
Standard Fire & Special Perils
Basic property coverage for commercial and industrial buildings, protecting against fire and allied perils including storms, floods, and earthquakes.
Whats Covered
Fire, lightning, explosion, aircraft damage, riot, strike, storm, flood, earthquake, impact damage, subsidence
Key Exclusions
Electrical/Mechanical Breakdown, Terrorism (Unless Added), Theft, Loss Of Profits (Unless BI Added)
Machinery Breakdown Insurance
Coverage for sudden and unforeseen breakdown of machinery and equipment, including repair/replacement costs and loss of production.
Whats Covered
Mechanical/electrical breakdown, short circuit, centrifugal force, defects in material, operator error, loss of lubricant
Key Exclusions
External Fire Damage, Wear And Tear, Aesthetic Defects, Consumables, Gradual Deterioration, Planned Maintenance
Marine Cargo & Transit Insurance
Protection for goods in transit by sea, air, rail, or road — covering loss or damage during shipping from origin to final destination.
Whats Covered
Loss/damage from accidents, fire, overturning, derailment, collision, sinking, theft, piracy, jettison, general average
Key Exclusions
Inherent Vice, Improper Packing, Delay, Insolvency, Nuclear Perils, War (Unless Institute War Clauses Added)
Contractor's All Risk (CAR)
Coverage for lost revenue and increased costs following an insured property loss — one of the most frequently underinsured lines.
Whats Covered
Lost gross profit, increased cost of working, payroll expenses, temporary premises, professional fees
Key Exclusions
Losses Without Material Damage Trigger, Suppliers/Customers (Unless Extensions Added), Utility Failure
Erection All Risk (EAR)
Coverage for machinery and plant installation projects, protecting against damage during erection, testing, and commissioning.
Whats Covered
Erection works, machinery being installed, testing damage, third-party liability, surrounding property, civil works
Key Exclusions
Performance Guarantees, Wear And Tear, Inventory Shortages, Consequential Loss, Defective Design Costs
Stock Throughput Policy
Seamless coverage for goods from origin through storage to final destination — eliminating gaps between property and marine policies.
Whats Covered
Transit risks, storage at all locations, processing, exhibition, during loading/unloading, temporary storage
Key Exclusions
Inherent Vice, Vermin, Gradual Deterioration, Confiscation, Delay, Market Loss
Business Interruption / Loss of Profit
Coverage for lost revenue and increased costs following an insured property loss — one of the most frequently underinsured lines.
Whats Covered
Lost gross profit, increased cost of working, payroll expenses, temporary premises, professional fees
Key Exclusions
Losses Without Material Damage Trigger, Suppliers/Customers (Unless Extensions Added), Utility Failure
Asset Protection Insurance
Frequently asked questions about asset protection coverage.
IAR provides broader 'all risks' coverage with fewer exclusions, while SFSP covers only named perils. For manufacturing and industrial facilities, IAR is typically recommended as it covers more scenarios. We analyse your specific exposure to recommend the right fit.
The average clause means if you're insured for less than your asset's actual value, your claim payout is reduced proportionally. If you insure a ₹10Cr asset for ₹6Cr and suffer a ₹2Cr loss, you'll only receive ₹1.2Cr. Proper valuation eliminates this risk.
BI coverage is typically added as an extension to your property policy. It's one of the most underinsured lines — many businesses have inadequate indemnity periods or sum insured. We calculate your actual BI exposure based on revenue, fixed costs, and realistic recovery timelines.
Most businesses are underinsured without knowing it. We conduct reinstatement value assessments that compare your current sum insured against actual replacement costs. This includes construction cost inflation, import duties, and professional fees that many policies overlook.
Marine cargo covers goods from the supplier's warehouse to your premises. Coverage basis (CIF, FOB, etc.) determines when your insurable interest begins. We structure open policies for regular shipments and single transit covers for one-off movements.
CAR covers civil construction works (buildings, roads, bridges), while EAR covers machinery installation and erection projects. Many projects require both — a factory construction would need CAR for the building and EAR for equipment installation.
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Is your property actually fully insured?
A quick review can identify underinsurance, valuation gaps and business-interruption exposures before they become a claim problem.
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