Commercial Fire Insurance
Commercial Fire for warehouses, workshops, retail floors and offices. Conventional or Takaful terms.
Cover for your premises and what is in them
Commercial Fire covers loss of or damage to your property caused by fire, lightning and domestic explosion. The policy can be extended to named additional perils, such as storm, flood, riot and strike.
What can be insured
- Buildings, including fixtures and fittings
- Furniture
- Stock and materials in trade
- Plant, machinery and equipment
Types of cover
Basic fire policy
Fire, lightning and domestic explosion.
Fire and additional perils
The basic policy, extended to named perils such as storm, flood, riot and strike.
What is covered
| Cover | Basic fire | With additional perils |
|---|---|---|
| Fire | Covered | Covered |
| Lightning | Covered | Covered |
| Domestic explosion (gas cylinder) | Covered | Covered |
| Explosion | Not covered | Covered |
| Riot and strike | Not covered | Covered |
| Malicious damage | Not covered | Covered |
| Aircraft and other aerial devices | Not covered | Covered |
| Bursting or overflowing of water tanks, apparatus or pipes | Not covered | Covered |
| Impact by road vehicles | Not covered | Covered |
| Earthquake, tsunami, tidal waves, cyclone and windstorm | Not covered | Covered |
| Flood | Not covered | Covered |
| Theft by forcible and violent entry or exit | Not covered | Optional |
What is not covered
- Loss by theft during or after a fire
- Burning of property by order of a public authority
Other exclusions apply, as set out in the policy terms and conditions.
A fire policy with no business interruption cover leaves the worst part uninsured.
Four months closed is four months unpaid. And the rebuild is only half the bill. Ask us to price the downtime alongside the property.
Three things that decide your claim.
- An excess applies to every loss, and natural perils carry the highest
- Warranties kill more fire claims than exclusions do
- Under-declare your values, and condition of average cuts the payout
For a quote
Send us three things.
- Values per location: building, stock in trade, equipment
- Class of construction, and what the premises are occupied as
- An inventory of plant, machinery and electronics
Common questions
- What does a commercial fire policy cover?
- A basic fire policy covers fire, lightning and domestic explosion to your buildings, furniture, stock and machinery. Extended to additional perils, it also covers storm, flood, riot and strike, malicious damage, impact, burst pipes, and earthquake, tsunami and cyclone. Theft by forcible entry can be added as an option.
- Does fire insurance cover the business being closed after a fire?
- Not on its own. A fire policy pays to rebuild and replace; the months of lost income while you are closed need business interruption cover. Seguro prices the downtime alongside the property so the worst part of a fire is not left uninsured.
- Why would a fire claim be reduced?
- Three reasons decide most claims: an excess applies to every loss, and natural perils carry the highest; a breached warranty can void the claim; and if you under-declare your values, condition of average cuts the payout in proportion.
How to claim
Tell us
Contact our Claims Hotline or email us as soon as a claim arises.
We guide you
We advise you on documentation and communicate with the insurer.
We follow it through
We monitor the claim’s progress and check the settlement is in line with your policy entitlements.
This page is a summary. Cover is subject to the terms, conditions and exclusions of the insurer’s wording, which prevails. Seguro is a broker and arranges cover with the insurer.
