This policy can be taken by owners of shops, commercial buildings, manufacturing units, godowns, etc. having value at risk more than INR 50 Crs. No SFSP policy can be issued to "Dwellings - Individual" & "Dwellings - Society including Residential Colonies/Home welfare Associations/Dwellings owned by Corporates" irrespective of Sum insured

The policy covers buildings as well as contents such as furniture/Fixtures/Fittings, Plant & Machinery, Electrical fittings and stock.

Named perils policy covering 12 perils

1. Fire

2. Lightning

3. Explosion / Implosion (Excluding loss, destruction or damages to industrial boilers & caused by centrifugal forces)

4. Aircraft Damage- caused by aircraft, other aerial devices or articles dropped there from excluding those caused by pressure waves

5. Riot, Strike and Malicious Damages (RSMD)

6. Storm, Cyclone, Typhoon Tempest, Hurricane, Hail Storm, Tornado, Flood and Inundation (STFI)

7. Impact Damage- by rail/road vehicles or animals not belonging to the insured

8. Subsidence and Landslide including Rockslide

9. Bursting and / or overflowing of water tanks, apparatus and pipes

10. Missile Testing Operations

11. Leakage from Automatic Sprinkler Installations

12. Bush Fire

The standard coverage can be enhanced with Add-On covers (as mentioned below) on payment of additional premium.

Facilities like Floater Policy, Declaration Policy and Floater Declaration Policy available for stock.

War and Nuclear Perils

Loss due to Pollution or Contamination not caused by an insured peril

Loss, destruction or damage to the stocks in Cold Storage premises caused by change of temperature

Loss by burglary or theft

Removal of property to other sites

Consequential or indirect loss

Loss, or damage by spoilage resulting from the retardation or interruption or cessation of any process or operation caused by operation of any of the perils covered