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1000+
Businesses Covered
200cr+
Claims Processed
95%
Claims Paid

What Asset Insurance Covers:

Protects your business against financial losses arising from accidental loss or damage to buildings, machinery, equipment, inventory and other insured physical assets.

01

Fire & Allied Perils

Covers physical loss or damage to buildings, equipment, stock and other insured assets due to fire, lightning, explosion/implosion and other covered perils.

02

Burglary & Theft

Covers loss or damage to insured property caused by burglary or theft.

03

Portable Equipment Protection

Covers laptops, tablets, cameras, testing devices and other portable equipment against accidental damage, theft or loss.

04

Repair & Replacement Expenses

Covers reasonable repair or replacement costs for insured equipment, machinery and other physical assets damaged by a covered event.

05

Machinery Breakdown

Covers sudden and accidental breakdown of insured machinery due to mechanical or electrical causes, including repair or replacement costs.

06

Electronic Equipment Breakdown

Covers sudden and accidental physical damage to electronic equipment such as computers, servers and other insured electronic systems.

What's Not Covered Under Asset Insurance:

Losses To Intangible Assets

Damage to reputation, goodwill, data, intellectual property, and other non-physical assets.

Property That Is Not Owned By The Business

Property the business does not own or have contractual responsibility or insurable interest in.

Wear, Tear & Depreciation

Normal wear and tear, gradual deterioration, corrosion, or mechanical depreciation.

Unexplained or Excluded Losses

Unexplained inventory shortages, undeclared assets, or losses arising from excluded events.

Assets in Transit

Any inventory, stock, machinery or business assets while they are being transported.

Why Prioritise Asset / Fire Insurance?

Warehousing & Supply-Chain Exposure

Businesses managing warehouses, inventory, supply chains or distribution centres face greater exposure to fire, theft, water damage and natural disasters.

Protect Your Physical Assets & P&L

Asset Insurance can reduce the financial impact of repairing or replacing machinery, servers, furniture, fixtures, electrical installations, office appliances and other physical assets after a covered loss.

Warehousing & Supply-Chain Exposure

Businesses managing warehouses, inventory, supply chains or distribution centres face greater exposure to fire, theft, water damage and natural disasters.

Manufacturing & High-Risk Materials

Asset Insurance is particularly important for businesses operating factories or handling machinery, flammable materials, perishable goods or high-value inventory.

Protect Your P&L & Physical Assets

Asset Insurance can reduce the financial impact of repairing or replacing machinery, servers, furniture, fixtures, electrical installations, office appliances and other physical assets after a covered loss.

Remote & Travelling Equipment

Portable-equipment protection is important for businesses whose employees work remotely or travel frequently, as laptops and other devices face greater exposure to accidental damage, theft or loss.

Manufacturing & High-Risk Materials

Asset Insurance is particularly important for businesses operating factories or handling machinery, flammable materials, perishable goods or high-value inventory.

Remote & Travelling Equipment

Portable-equipment protection is important for businesses whose employees work remotely or travel frequently, as laptops and other devices face greater exposure to accidental damage, theft or loss.

Frequently Asked Questions

What physical items count as company assets, and what risks are covered?
It covers your physical operational infrastructure—including laptops, desktop servers, office furniture, warehouse inventory, and other equipment against sudden fire, water damage, theft, burglary, and natural disasters.
Does this policy cover laptops and equipment issued to remote or WFH employees?
Yes, asset policies for portable devices like laptops, mobile phones, tablets etc are specifically designed keeping in mind the frequent movement of the asset. There is no restriction on location where claims will be valid, making it ideal for remote/ WFH employees. Broadly the policy covers damages or losses to the asset anywhere in the world, with repairs being authorized in India.
How is Asset Insurance different from Commercial General Liability (CGL) Insurance?
Asset Insurance protects your business’s own insured property, whether owned, leased or under your responsibility.
CGL Insurance protects against third-party claims for bodily injury or property damage.
How are claim payouts calculated? Do we get the cost of brand-new replacements?
Claim payouts in asset policies depend on the method of calculation chosen. Under the Reinstatement Value method, the insurer will pay the reasonable cost of replacing the damaged asset with a new asset of the same kind and capacity, without deduction for depreciation, subject to the current cost of the asset at the time of claim and the reinstatement conditions being met.With the Market Value method, the insurer will pay the cost of replacement/repair after taking into account depreciation of the asset, essentially bringing the insured back to the same financial position they were in prior to the loss incident.