Qian Insurance Broking LLP launches Fire Insurance Policy for SMEs in India
Qian Insurance Broking LLP has launched a fire insurance policy for factory owners in India to secure factory assets from a fire accident or any other natural calamities.
Press Release (ePRNews.com) - Mumbai, Maharashtra - Dec 14, 2022 - Qian Insurance Broking LLP, one of the leading fire insurance broker in India, has launched a fire insurance policy specifically targeted at small and medium sized businesses.
A Fire Insurance Policy is designed to secure assets and provide reimbursement in case of an accident due to Fire and associated perils. The coverage in a Fire Insurance Policy includes cover for Fire, Earthquake, Lightning, Explosion, Implosion, Storm, Tempest, Flood, Inundation etc.
Factory Owners invest crores of rupees in factory assets and any fire accident can set a business back by years. Hence, every factory owner should purchase a factory insurance policy with comprehensive coverage.
Responding to a question during an interview, Qian Insurance Broking LLP’s spokesperson said, “Today, the cost of factory equipment is extremely high. So, any damage to such expensive factory assets could be a major loss for factory owners. Therefore, we offer a comprehensive fire insurance policy in India to secure expensive factory assets.”
A Fire Insurance Policy for factories can cover all forms of assets such as factory building, plant & machinery, raw materials and finished goods etc. It can also provide coverage to furniture, fixtures, fittings etc.
The importance of a Fire Insurance Policy can be understood from the fact that it provides reimbursement if any of the insured assets are damaged due to an Insured Peril. This is extremely important because if the Factory assets are damaged, the factory operations will be hampered and it will stop generating revenue due to lack of production. In such a case, the Insured will be stretched for cash due to lack of revenue from factory operations and hence he might face difficulty in restarting operations by paying for new machinery to replace machinery which has been damaged by fire.
This is precisely the time when a Fire Insurance Policy by Qian would help in compensating the Insured for any material damage caused by an Insured Peril like fire and natural disasters like earthquakes, hurricanes, and cyclones.
A Fire Insurance Policy can also be extended to cover theft and burglary. Another important extension under a Fire Insurance Policy is Business Interruption Insurance, also known as Fire Loss of Profit Insurance. Business Interruption Insurance, offered by Qian Insurance Broking, pays for loss of profits faced by the business when the Insured Assets damaged by the covered perils. A Business Interruption Insurance Policy will help the business owner cover for fixed expenses like Rents, Employee Salaries, Interest Payment on loans etc. at a time when the business has stopped generating revenues due to stoppage of operations.
The spokesperson further stated, “A Fire Insurance Policy is a must-have insurance policy for all manufacturing businesses. Business Owners looking to buy factory insurance should take the assistance of an experienced insurance broker who will assist them in availing comprehensive fire insurance coverages at competitive premiums. The Insured should also thorougly read through the exclusions in a fire insurance policy and also understand the claims process under a fire insurance policy in detail to avoid unwanted surprises later on.”
Qian Insurance Broking LLP has partnered with some of the top factory insurance companies in India to offer comprehensive fire insurance coverage to its clients. The major benefit of the Factory Insurance Policy is that it pays for various costs that need to be incurred after a fire accident. The cost of a Factory Insurance Policy is quite reasonable, making it a wise investment for small and medium-sized businesses. However, a business owner should always consult an experienced Fire Insurance Broker like Qian Insurance Broking LLP to avail comprehensive insurance coverage.
About Qian Insurance Broking LLP
Qian Insurance Broking LLP is a leading insurance broker in India offering commercial insurance solutions, such as factory insurance policy, Trade Credit Insurance, Workmen’s Compensation Insurance to various clients. Business Owners looking to get factory insurance policy in India should immediately approach Qian Insurance Broking LLP. Qian has a dedicated team of experts for commercial insurance products, such as D&O Liability Insurance, Group Personal Accident Insurance Policy and Contractors All Risk Insurance Policy to assist customers in attaining comprehensive coverage at affordable premiums.
Contact Information
Qian Insurance Broking LLP
125 C, Mittal Court, 12th Floor, Opp. Inox Cinema,
Nariman Point, Mumbai, Maharashtra – 400021, India
Phone: +91 22 22044989
Email: support@qian.co.in
Website: https://www.qian.co.in/
