Standard Fire & Special Peril Policy

This policy is the most commonly held insurance policy by firms. The coverage encompasses any and all properties built on land, which are broadly classified into the following:

  • Buildings
  • Plant & Machineries
  • Furniture Fixtures
  • Stocks of all kinds like Raw materials, Finished goods, Semi-finished goods and Stock in process

The policy is a named peril policy which covers in-built perils like Fire, Lightning, Explosion/ Implosion, Aircraft Damage, Riot, Strike, Malicious Damage, Storm/Typhoon/ Flood/Inundation, Impact damage by rail / road vehicle or animal, Subsidence/Landslide including Rockslide, Bursting of Water pipes, Leakage from overhead tanks, Missile Testing operations, Bush Fire.

Few Add on covers (extensions at additional cost) available are like: Earthquake, Terrorism, Spontaneous Combustion, Removal of Debris, Architects and Surveyors fees, Impact damage by own vehicle etc.

UNISON has an experienced pool of professionals who are intimately familiar with the nitty gritty of the claims handling process. We take great pride in designing innovative placement structures that deliver superior results for our clients.

As a result of regular coordination and clear communication strategies between our Property and Risk Management teams, we ensure value addition to the portfolio of our esteemed clients. Our Risk Consulting team works with and advises the client throughout the whole process which helps in presenting their profile to the insurers in the exact required manner. This in turn results in cost effectiveness for the client.

Our team has the knowledge and skills to evaluate ‘Probable Maximum Loss’ in a way that is acceptable in the market. We assist our clients in assessment of the correct insurance value, which ensures their financial interests are well protected at the time of claims.

We understand the risks associated with many different industries and work with the clients to understand their needs and design insurance solutions that suit their businesses.

Key Features:
  • The policy is named peril policy
  • Various Add-on Covers/Extensions available
  • Building, Plant and Machinery, Electricals, Furniture Fixtures can be covered either on Reinstatement value Basis or Market Value Basis
  • Stocks are covered on Market Value Basis