Consequential Loss & Fire InsuranceConsequential Loss & Fire Insurance

Consequential Loss &
Fire Insurance

  • Introduction
  • What’s covered?
  • Why Choose HDFC ERGO?

Introduction

Your business is an extension of you. It is the sum of the efforts and aspirations of your staff and your near and dear ones.

When it comes to protection of your business and assets, HDFC ERGO is known as the one of the best insurance firms who’ll get you back on your feet with minimal fuss. In fact, we go one step further and cover you for the losses incur from disruption to your business following a fire. So that you can catch up quick knowing that the best people will support you through the financial consequences and the after effects of devastation.

HDFC ERGO is with you all the way till your business is restored to its pre-damaged level. This policy is Ideal for SME’s and Corporates, those who need coverage for their business against uncontrollable situations that can devastate property and businesses. This policy goes with SFSP policy and can not be opted on standalone basis.

 

What’s Covered?

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Plan Coverage

In the event of any interruption to your business as a result of damage to your premises due to any peril insured under the Fire Material damage Policy, this policy enables you to recover:

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Extensions

 
  • Wages
  • Lay-off and Retrenchment Compensation and Notice Wages Liability
  • Auditor’s Fees
  • Supplier’s Extension
  • Customer’s Extension
  • Public Utilities Extension
  • Terrorism

Exclusions

The exclusions would be the same as for your Fire Material damage cover.

Sum Insured

This is based on the estimated annual gross profit of your business as per the previous year’s accounts. An Insured is entitled to return of premium (not exceeding 50% of the premium paid) in case the Gross Profit earned during the financial year concurrent with the period of insurance is less than the Sum Insured.

Excess

The policy is subject to a compulsory excess.

Premium

The premium will depend on the occupancy, Annual gross profit, indemnity period selected and extensions selected.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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