This is a Comprehensive Package Policy which covers almost all risks and perils, which a large industry may face during its operation. The policy covers Buildings, Machinery, Equipment, Furniture, Fixture, Fitting & electrical installations on Reinstatement value, while the stock is covered on market value basis.
The policy offers a comprehensive cover against all perils except those specifically excluded. It covers loss or damage due to:
- Fire and Special Perils
- Business Interruption
- Accidental damage