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Secure Your Business with Tata AIG Fire & Burglary Insurance
Secure Your Business Premises with Tata AIG’s Fire & Burglary Insurance Policy
Incidents such as fire and burglary can lead to substantial financial losses, potentially destroying years of effort and investment. Fires can spread rapidly, jeopardizing stock worth lakhs or crores, while burglaries can result in the theft of valuable assets. To mitigate these risks, Tata AIG offers comprehensive insurance solutions tailored to safeguard your business from fire, burglary, theft, and other unforeseen perils. Our flexible plans, customizable add-ons, and bundled policies provide a unified approach to property protection.
Whether you operate a retail outlet, manufacturing facility, or warehouse, our policies deliver financial security against unexpected disruptions. With coverage limits reaching up to ₹50 crores, dedicated customer support, and a fully digital management platform, Tata AIG is your trusted partner in securing your business’s future.
What is a Fire & Burglary Insurance Policy?
A Fire & Burglary Insurance Policy is a contractual agreement between the policyholder (the insured) and Tata AIG (the insurer). This comprehensive package is designed for all types of businesses—including mobile shops, manufacturing units, restaurants, salons, and more. Upon purchasing the policy and paying the applicable premiums, the insurer provides coverage against financial losses arising from fire outbreaks and burglary incidents.
Understanding Fire Insurance
Fire insurance safeguards your commercial property against damages caused by fire, lightning, natural calamities, riots, and strikes. This coverage extends to office buildings, retail outlets, warehouses, factories, restaurants, and other business premises. Regular premium payments ensure protection against losses incurred due to fire-related incidents.
Understanding Burglary Insurance
Burglary insurance protects your business assets—including furniture, machinery, fixtures, and equipment—against loss or damage caused by unauthorized entry through force or violence. It’s essential to distinguish between burglary and theft:
Burglary: Unlawful entry with force, such as breaking and entering, with intent to steal.
Theft: Dishonest removal of movable property without forced entry.
Note: Theft is generally not covered under standard burglary policies but can be added as an optional extension.
Why is Fire & Burglary Insurance Essential?
Financial Risk Mitigation: Incidents like fire and burglary can lead to expenses running into lakhs or crores, as evidenced by property losses escalating from ₹74.60 lakh in 2021 to ₹6.37 crore in 2024.
Extended Coverage: Policies include protection against malicious damage, natural disasters, impact damage, and other perils.
Business Continuity: These incidents can halt operations, leading to further losses. Bundled policies facilitate seamless recovery.
Asset Protection: Safeguard assets such as equipment, machinery, and inventory.
Business Credibility: Demonstrates financial resilience to partners, investors, and clients.
Features of Tata AIG Fire & Burglary Insurance
Comprehensive In-Built Coverage: Includes surveyor fees, debris removal, and more.
Suitable for All Business Sizes: From small retail stores to large shopping malls.
Wide-Ranging Coverage: Encompasses damage due to break-ins, fire, third-party liabilities, and other risks.
Competitive Premiums: Cost-effective protection tailored to your needs.
Importance of Burglary Insurance
Asset Security: Protects stock, fixtures, and equipment from theft and burglary.
Cost Savings: Minimizes out-of-pocket expenses due to damages or stolen goods.
Business Versatility: Suitable for offices, retail outlets, storage facilities, and more.
Risk Management: Provides protection against hostile robberies, vandalism, and other threats.
Coverage Highlights
Note: Coverage specifics vary based on the selected policy. Refer to your policy document for detailed terms.
Coverage
Details
Loss or Damage to Contents
Caused by burglary, housebreaking, hold-up, or fire (for articles not fixed to the building)
Damage to Premises
Physical damage or destruction during burglary, hold-up, or fire
Impact Damage
Damage from external objects such as vehicles, animals, or falling trees
Riots, Strikes, Malicious Acts
Damage incurred during riots, strikes, or malicious acts
Theft
Covered within 7 days of fire occurrence (optional with burglary add-on)
Exclusions and Limitations
Exclusions
Details
Explosion or Implosion
Damage caused by boiler explosions or machinery implosion
Landslides/Rockslides
Damage from ground movement or erosion
Impact Damage
Damage from sonic booms, vehicles, animals, or aircraft
Theft (without Add-on)
Theft outside the insured premises without additional coverage
Negligence or Fraud
Losses due to errors, omissions, or fraudulent acts
Understanding Burglary Insurance
Burglary insurance specifically covers loss or damage to business assets like furniture, machinery, and equipment resulting from forced entry or violence. It is often bundled with fire insurance as an add-on under Tata AIG’s Business Guard plans.
Coverage Under Business Guard Policies
Partial Loss: Compensation for damages or loss based on repair costs and extent.
Total Loss: Full reimbursement for irreparably damaged or destroyed assets, including reconstruction costs.
Additional Coverages: Repair/replacement of locks, safes, underground cables, and overhead tanks (limits apply).
Features of Tata AIG Burglary Insurance
Extensive Coverage: Loss or damage from burglary, housebreaking, or hold-up, including damage to premises.
Safety Measures: Reimbursements for repairs to locks, keys, safes, and strong rooms.
Cost of Repairs: Coverage for damage to underground cables, pipes, and overhead tanks (limits apply).
Digital Convenience: Paperless claims and policy management for transparency and ease.
Optional Add-Ons
Floater Cover
Declaration of Stocks
Omission to Insure, Additions, or Extensions
Escalation Clause
Accidental Damage Cover
Involuntary Betterment
Rent Insurance
Property Protection & Preservation
Contract Works
New Location Cover
Brands and Trademarks
Electrical Injury
Terrorism Damage
Theft (additional cover)
Eligibility Criteria
The policy is open to:
Individuals, organizations, institutions, and firms seeking protection against fire and burglary risks.
Owners of buildings, furniture, household items, retail outlets, warehouses, banks, educational institutions, medical clinics, restaurants, hotels, manufacturing units, and transporters.
Additional Policy Options
Fire and Burglary combined coverage.
Fire and Burglary + Money Insurance (cash, banknotes, foreign currency).
Fire and Burglary + Public Liability.
Determining the Sum Insured
Consider the value of:
Stock
Building
Plant & Machinery
Furniture
Other valuables
Use our premium calculator to determine appropriate coverage levels, ensuring your assets are adequately protected.
Who Should Consider Fire & Burglary Insurance?
Micro Business Owners: Investment below ₹1 crore, turnover less than ₹5 crore (e.g., mobile repair shops, salons).
Small Business Owners: Turnover below ₹40 crore.
Medium Business Owners: Larger establishments with investments up to ₹50 crore.
Large Enterprises: Multi-location operations, manufacturing units, pharmaceutical factories.
Benefits of Fire & Burglary Insurance
Financial Security: Reimbursements for losses caused by fire, theft, or burglary.
Peace of Mind: Confidence in business continuity during crises.
Comprehensive Risk Coverage: Protection against a wide spectrum of perils.
Notify Tata AIG: Within 30 days via email (general.claims@tataaig.com) or through the website.
Report to Authorities: File FIR with local police if applicable.
Complete & Upload Documents: Fill out the claims form and upload relevant documents.
Assist Inspection: Cooperate with our representatives during inspection and evidence collection.
Receive Reimbursement: After assessment, subject to policy terms and deductibles.
Conclusion
Tata AIG’s Fire & Burglary Insurance policies provide a robust shield against unforeseen risks, ensuring your business assets are protected and operational continuity is maintained. Explore our tailored coverage options today and secure your business’s future with confidence.
Q & A
Fire insurance covers incidents such as fire, bush fire, forest fire, jungle fire, explosion, lightning, landslides, impact damage, missile testing operations, riots, strikes, malicious damages, bursting or overflowing of water tanks, leakage from sprinklers, earthquakes, floods, and theft within 7 days of the incident.
1. Visit the Tata AIG website. 2. Click on 'Claims' and select 'Initiate A Claim'. 3. Login with your registered phone number. 4. Fill out the claims form and upload necessary documents. 5. An agent will contact you to guide you through the process.
Benefits include financial protection against losses, peace of mind, comprehensive coverage for various risks, and quick claim processing to minimize operational disruptions.
