Buildings & Premises
Cover can be arranged for eligible buildings, structures and specified fixtures and fittings.
Industrial Insurance
Fire Insurance
Protect specified commercial and industrial property against insured fire and allied perils, with coverage structured around the assets, locations and risks of the business.
Understand the cover
Claims guidanceCoverage choices
Customer supportUNDERSTANDING THE POLICY
Protection built around the risk you want to manage
Fire insurance is designed to protect insured property against specified physical loss or damage caused by insured perils. The exact scope depends on wording, declared values, risk inspection, exclusions, excesses and endorsements.
Plant & Machinery
Declared machinery and equipment can be considered for protection against insured property damage.
Stock & Materials
Raw material, finished stock and other declared inventory can be insured subject to the policy structure.
Allied Perils
Selected policies may extend protection to specified perils such as storm, flood, impact, riot and malicious damage.
Flexible Structures
Stock arrangements such as floater or declaration-based structures may be considered where appropriate.
Risk Assessment
Occupancy, construction, fire protection and business activity can influence underwriting.
COVERAGE AREAS
What the policy may address
Coverage is subject to the exact policy wording, schedule, endorsements, limits, conditions and exclusions.
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Buildings, fixtures, fittings and specified structural assets.
02
Plant, machinery and equipment where declared and accepted.
03
Raw materials, finished goods, stock and stock held in trust where applicable.
04
Loss or damage arising from covered perils such as fire and lightning, with other perils available depending on the policy structure.
05
Specialised arrangements for stock at multiple locations may be considered through appropriate policy structures.
06
Additional covers may be available for selected risks such as storm, flood, impact, riot or malicious damage, subject to wording.
IMPORTANT CONDITIONS
What to check before choosing
Insurance is a contract of defined coverage, not a blanket guarantee against every loss.
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Losses, events or circumstances specifically excluded by the policy wording or endorsements.
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Losses outside the policy period, geographical scope or insured interest.
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Amounts above applicable limits, sub-limits or deductibles.
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Claims affected by material non-disclosure, misrepresentation, fraud or breach of a material policy condition.
Documents that may be requested
- Proposal and detailed description of premises, occupancy and business activity.
- Asset register, stock statements, plant and machinery values and location-wise sums insured.
- Building plans, valuation reports, fire protection details and risk inspection information where requested.
- Purchase invoices, repair estimates, stock records, asset registers and photographs for a claim.
- Fire brigade report, police report or other official records where applicable.
CLAIMS JOURNEY
What to do when something goes wrong
Prompt notification and complete documentation can help the insurer assess a claim efficiently. Exact timelines depend on the policy.
01Notify the insurer promptly and take reasonable emergency measures to prevent further damage.
02Inform the fire brigade or relevant authorities where required and preserve official reports.
03Protect undamaged property and keep damaged property available for inspection unless removal is necessary for safety.
04Prepare a detailed loss statement supported by invoices, stock records and asset registers.
05Cooperate with the insurer's surveyor or loss assessor and provide access to records and premises.
FREQUENT QUESTIONS
Questions customers commonly ask
What can a fire policy cover?
Depending on the wording, it can cover specified buildings, machinery, stock and other insured property against fire and selected allied perils.
Is fire the only peril covered?
No. Depending on the product and extensions, selected policies can include perils such as lightning, explosion or implosion, storm, flood, impact, riot or malicious damage.
Can stock be covered at multiple locations?
Certain policy structures can accommodate stock that moves between declared locations. The arrangement must be agreed with the insurer.
What is an excess?
An excess is the portion of an otherwise admissible loss that remains the insured's responsibility under the policy.
Why are declared values important?
Declared values establish the extent of cover. Inadequate or incorrect values can affect settlement where valuation or average clauses apply.
Does fire insurance automatically cover loss of profit?
Not necessarily. Financial loss following interruption is generally addressed through an appropriate business interruption or consequential loss policy or section.
PERSONAL ASSISTANCE
Talk to GUAN Technologies about Fire Insurance
Tell us about your requirement and our team can help you understand what information and coverage features should be compared.