Disasters like Fire and special perils can put huge financial burden on any business. In case of a major loss caused by fire and special perils, there could be an interruption in business operation leading to reduction in turnover finally resulting in possible loss of profits. However, standing or fixed charges continue to accrue regardless of whether there is any production or not. Such loss cannot be covered under fire policy. This Policy can be taken only in conjunction with a policy that insures your assets (such as Standard Fire and Special Perils policy), and triggers only if the loss is admissible under that policy.
Further, on payment of additional premium, the following additional coverage can be opted: