Fire Insurance for Commercial Property

Fire insurance for commercial property protects business premises and assets from fire and related perils. It offers financial compensation for loss or damage to commercial buildings, equipment, inventory and other assets within the commercial building.

Shops, offices, warehouses and factories all face the risk of unexpected fire damage. Hence, having commercial property coverage for fire is necessary. Businesses need this protection to minimise operational downtime, avoid major losses and maintain continuity after unexpected fire incidents.

TATA AIG assists numerous businesses with flexible fire insurance plans, expert guidance and a proven track record of prompt and fair claim settlements. When the right commercial property insurance coverage protects your property, you gain financial security and confidence.

• Fire risks are unpredictable: Electrical faults, human errors, or natural disasters can trigger unexpected fires.
• Damage can be severe: Even a small fire can cause significant property damage, destroy machinery, stock and vital records.
• Commercial properties are high-value assets: Shops, warehouses, factories, offices, hotels and malls often store expensive equipment and inventory.
• Financial losses add up fast: Without commercial insurance for fire, repair or replacement costs must be paid out of pocket.
• Operations may halt suddenly: Fire damage can lead to business downtime, revenue loss and customer dissatisfaction.
• Recovery becomes difficult without support: Many businesses struggle to bounce back without insurance help.
• Fire insurance offers safety: With the right commercial property insurance coverage, businesses can recover faster and continue operations with minimal disruption.

• Flexible Sum Insured Options: Covers building, contents and the option to select add-ons as per your needs.
• In‑Built Covers without Extra Premium – Includes coverage for additions/alterations, temporary removal of stocks, specific contents, start‑up expenses and more.
• Customisable Add-Ons: Choose from valuable fire insurance add-ons. You may include floater cover, escalation clause, debris removal, accidental damage cover, spontaneous combustion and more.
• Restoration of Sum Insured – After a claim, the sum insured is restored to full value (unless opted otherwise).
• Wide Range of Insured Events – Covers fire, explosion, lightning, impact damage, riot & malicious damage, bursting of tanks or pipes, etc.
• Tailored Protection: Suitable for small shops, large factories, offices, hotels, warehouses and other commercial establishments.
• Convenience of Online Purchase: You can purchase, make payments and renew small business property insurance, including fire insurance.
• 24/7 Claim Assistance: Get round-the-clock support for claims, ensuring minimal disruption to your business operations.

Please note: This is a general list of features of TATA AIG commercial property insurance. For detailed information, please refer to your policy document.

Bharat Laghu Udyam Suraksha (SMEs)

The Bharat Laghu Udyam Suraksha policy by TATA AIG provides insurance coverage for physical loss or damage to the policyholder’s commercial property. This small business property insurance covers buildings, plant & machinery, stock and other assets, caused by fire and allied perils.

It also includes in‑built covers such as additions/alterations, temporary stock removal, debris removal and compliance with municipal regulations. You can also choose add-on covers for a more robust protection.

Bharat Sookshma Udyam Suraksha (Micro Businesses)

The Bharat Sookshma Udyam Suraksha policy by TATA AIG offers protection for business assets, including buildings, plant & machinery, stock and contents. It covers risks like fire, explosion, natural calamities, impact damage, riots and terrorism.

It is designed for enterprises with a total insurable value of up to  ₹5 crore at a single location. The policy also includes in-built covers such as additions/alterations, temporary removal of stock, professional fees and debris removal.

Standard Fire and Special Perils Policy (Large Enterprises)

The TATA AIG Standard Fire and Special Perils Policy protects insured property, including buildings, machinery, stocks and contents, against fire. This commercial property insurance also covers named perils, such as explosion, lightning, impact damage, storms, floods and riots. It pays for the repair, replacement, or reinstatement of damaged assets up to the sum insured specified in the policy schedule.

Standard Fire And Special Perils Policy Micro Insurance

The policy covers loss or damage to insured property from listed perils. It protects against fire, lightning, explosion, aircraft damage, riots, storms, floods and landslides. It also covers sprinkler leakage, bursting of tanks or pipes and impact damage, as per policy terms. Losses caused by exclusions such as earthquakes, war, terrorism, pollution, nuclear damage and theft are not covered.

Consequential Loss of Profit (Fire) Insurance - Commercial

The Consequential Loss of Profit (Fire) Insurance - Commercial policy covers the loss of gross profit caused by a reduction in turnover following fire damage. It also covers the increased cost of working incurred to avoid or diminish the reduction in output. It applies when your business operations are interrupted due to insured perils under the standard fire policy.

Buy Fire Insurance For Commercial Property

• Fire Damage: Includes loss from fire, spontaneous combustion, natural heating, or internal fermentation.
• Explosions & Implosions: Covers damage due to both internal and external blasts.
• Lightning: Direct damage caused by lightning strikes.
• Natural Land Movements: Includes landslides, rockslides and subsidence of the land under your premises.
• Forest & Bush Fires: Covers wildfires, including jungle, forest and bush fires.
• Impact Damage: Covers collisions by external objects such as vehicles, trees, aircraft, or animals.
• Missile Testing Operations: Damage due to authorised missile testing is covered.
• Riot, Strike & Malicious Acts: Protection against damage caused during civil unrest or vandalism.
• Water Tank Bursts & Pipe Leakage: Covers accidental bursts or overflow from tanks and pipes.
• Sprinkler Leakage: Loss caused by leakage from automatic sprinkler systems.
• Theft After Fire: Theft occurring within 7 days of a covered fire or peril is included.
• Natural Disasters: Protection from floods, storms, cyclones, hurricanes, tsunamis and earthquakes.
• Property Damage Cover: Protects insured property from physical loss or damage due to covered events.
• Reinstatement Basis: Buildings, machinery and furniture are covered at reinstatement value.
• Stock Valuation: Stocks are insured based on landed cost, input cost, or contract price.
• Sum Insured Restoration: Sum insured reinstated after a claim unless opted out.
• In‑Built Protections: Automatic cover for additions, temporary stock movement and specified contents.
• Additional Cost Coverage: Covers start‑up expenses, professional fees and debris removal within limits.

Please note: This is a general list of inclusions of TATA AIG Laghu Udyam Suraksha - commercial property insurance. For detailed information on what is covered under your plan, please refer to your specific policy document. Also, the above coverage is subject to policy terms, conditions and exclusions.

• Intentional Acts: Loss or damage caused deliberately by the policyholder or by consent.
• Electrical Failures: Damage to electronics due to short-circuit or self-heating is excluded.
• Cold Storage Spoilage: Loss due to temperature change in cold storage is not covered.
• Unoccupied Premises: Properties left vacant for over 30 days without approval are excluded.
• War & Terrorism: Damage from war, terrorism, or civil unrest is not covered.
• Nuclear Risks: Loss from radioactive contamination or nuclear events is excluded.
• Missing Items: Unexplained disappearance without an identifiable cause is not payable.
• Marine-Insured Items: Items already covered under a marine policy are excluded.
• Indirect Losses: Loss of income, time, or market value is not covered.

Please note: This is a general list of exclusions of TATA AIG Laghu Udyam Suraksha - commercial property insurance. For detailed information on what is not covered, please refer to your specific policy document.

• Floater & Declaration Policy: Covers stock across multiple locations with flexible premium adjustment based on monthly stock declarations.
• Escalation Cover: Automatically increase the coverage amount each year by a certain percentage (up to 25%) if you pay an extra premium in advance.
• Accidental Damage: Covers accidental losses and fire damage from short circuits, electrical faults or others.
• Involuntary Betterment: Pays for tech upgrades when exact replacements are unavailable after a loss.
• Rent insurance: Includes alternative accommodation, rental income loss due to a covered peril.
• Protection & Preservation of Property Covers fire-fighting costs, debris removal, etc.
• Fuel Contamination During Decantation: Loss arising due to contamination caused by water or wrong fuelling in underground fuel tanks.

Please note: This is a general list of Add-ons to the TATA AIG Laghu Udyam Suraksha - commercial property insurance. For detailed information, please refer to your specific policy document.

• Asset Protection: Safeguards your buildings, machinery, inventory and other business assets from fire and related perils.
• Business Continuity: Helps you resume operations quickly by covering repair and replacement costs.
• Customisable Coverage: Offers add-ons such as rent insurance, accidental damage protection and cold storage protection.
• Financial Security: Reduces out-of-pocket expenses and shields your business from major financial setbacks.

• Assess Your Risks: Understand potential threats, such as fire, theft, natural disasters, or equipment damage.
• Check Coverage Options: Look for policies that cover buildings, contents, stock and offer useful add-ons.
• Compare Insurers: Select a reputable insurer with a high claim settlement ratio and nationwide coverage.
• Check Premium: Check out the commercial property insurance cost and balance it with your requirements.
• Review Policy Terms: Read exclusions, deductibles, sum insured limits and claim conditions carefully.
• Evaluate Flexibility: Pick a policy that allows customisation based on your business needs and size.

• Strong Brand Trust: TATA AIG brings decades of experience and a proven claim‑settlement reputation.
• Nationwide Reach: With a PAN‑India network, you get seamless support no matter your location.
• Customisable Coverage: Tailor your policy with building, contents, stock cover and flexible add‑ons.
• Online Convenience: Easy online purchase, renewal and policy management – minimal paperwork.
• Round‑the‑Clock Claims Support: 24/7 claim assistance ensures quick response and minimal business disruption.

• Visit the Website: Go to the official TATA AIG website and select Fire & Burglary Insurance under Business Insurance.
• Provide Business Details: Choose your occupancy type, which is the business type. You can select from the dropdown menu.
• Enter Contact Info: Fill in your mobile number and click on Get a Plan.
• Fill Coverage Details: Enter the sum insured for Building (A) and Contents (B), along with your risk location PIN code.
• Proceed & Get Support: Confirm building type, click Continue. A Relationship Manager will connect with you and offer you a suitable plan after discussing your requirements.

• Notify Us: Inform TATA AIG about the loss or damage as soon as possible.
• Submit Documents: Share the required documents like the claim form, FIR (if needed), photos and proof of loss.
• Surveyor Visit: A surveyor will be appointed to inspect and assess the extent of damage.
• Loss Assessment: Based on the survey report and policy terms, the loss amount is evaluated.
• Claim Settlement: Once approved, the claim is processed and settled within the specified timeline.

Choosing the right fire insurance policy is essential for any business that values its premises, assets and operational continuity. Fire-related incidents can lead to major financial losses, but a well-structured fire policy ensures your commercial space is protected from unexpected disruptions.

At TATA AIG, we understand what your business means to you. That is why our commercial property insurance solutions are designed to offer wide-ranging protection with the flexibility to match your needs.

Whether you own a retail store, factory, warehouse, or office, choosing our fire insurance for commercial property gives you a critical safety net. We bring long-term business confidence with fast claims support, high claim settlement ratios, comprehensive add-ons and digital ease.

Protect your business before the unexpected strikes. Get your TATA AIG commercial insurance policy today and secure what matters most.