Claim
Get The App
Sales: 1800-309-0988
Service: 1800-572-3918
Claims: 1800-309-4876
Contact Us

Sign In

Term Insurance
Term Insurance
Investment Plans
Investment Plans
Health Insurance
Health Insurance
Motor Insurance
Motor Insurance
Other Insurance
Other Insurance
Business Insurance
Business Insurance
Renewal
Renewal
My Account
Register a Complaint
Sales1800-309-0988
Service1800-572-3918
Claims1800-309-4876
Download Mobile App

googleplay ios
Sign In
- My Account
- Claims Assistance
- Calling Preference
- Logout

Insurance for Fire Damages to Electrical Systems in Factories

Factories heavily rely on electrical systems to keep operations running smoothly. These systems power machinery, provide lighting, and more. However, the risk of fire damaging these vital systems is ever-present. This is where fire insurance steps in to help factory owners.

Back

₹50 Lakh cover starts at ₹283/month⁺

Protect your business from

burglary

explosions

busrting of tank

Select property type

Commercial
Home

We don't spam

View plans

By clicking on "View plans" you agree to our Privacy Policy and Terms Of Use

Get Updates on WhatsApp

Continue

Wallet-friendly plans
24/7 claim support
IRDAI-certified advisors

Property Type

Commercial Home

Mobile number

We don't spam

Thank you for showing your interest in fire-insurance. Our relationship manager will call you to discuss the details and share the best quotes from various insurers. In case you have any query or comments, please contact us at corporateinsurance@policybazaar.com

Property Type

Commercial Home

Mobile number

We don't spam

Company Name

Home
Fire Insurance
Articles - COR
Insurance for Fire Damages to Electrical Systems in Factories

The Importance of Fire Insurance

Fire insurance is not a choice but a necessity for factory owners. It provides crucial support in case of fire damage, covering repair or replacement costs, as well as downtime expenses. Without it, owners risk financial ruin and business disruption.

Coverage for Fire Damage

Fire insurance policies typically cover damage to electrical systems, including wiring, panels, switches, and more. They also include business interruption coverage to help maintain cash flow during downtime.

Case Scenario

Ravi owns a factory. A sudden electrical fire severely damaged Ravi’s factory's wiring, panels, and switches, leaving Ravi with a significant financial burden.

Fortunately, Ravi had purchased fire insurance. This policy covered the costs of repairing and replacing the damaged electrical components, relieving him from the financial strain. Furthermore, the insurance also included business interruption coverage, ensuring Ravi's factory could keep running smoothly, even during the downtime for repairs.

In the end, thanks to his fire insurance, Ravi swiftly recovered from the disaster, preserving his financial stability and business operations. This case emphasizes the importance of fire insurance for factory owners in India.

*Disclaimer: Coverage provided under insurance policy varies from insurer to insurer.

Consequences of Not Having Fire Insurance

Not having fire insurance can lead to severe financial burdens. Owners may need to use their savings or take expensive loans to recover. This can result in a competitive disadvantage in the market.

Case Scenario

Consider the case of Rohan, a small business owner in India who decided not to get fire insurance to save money. Unfortunately, one day, a huge fire damaged his shop, causing significant losses.

Because Rohan didn't have fire insurance, he had to pay for all the repairs and restocking from his own savings. He also had to take out costly loans, which put a strain on his finances. His shop remained closed for a long time, and he lost customers to competitors, making it hard for him to stay competitive in the local market.

In this situation, Rohan's choice not to have fire insurance had serious consequences, showing how crucial this coverage is for protecting businesses in India.

Conclusion

Fire insurance is essential for factories. It safeguards investments, ensures business continuity, and helps owners recover quickly from unexpected events. In the world of manufacturing, it's a vital tool for securing both financial stability and productivity.

What are the Exclusions of Fire Insurance?
Commercial Building Insurance: What to Consider When Purchasing the Policy
What is Average Clause in Fire Insurance?
What is the Meaning of STFI?
What Does FLEXA Mean In Fire Insurance?
What does RSMD mean in Fire Insurance?
Standard Fire and Special Perils Insurance (SFSP)

View More

Explore Fire Insurance

Read More

Stock Insurance

Read More

Burglary Insurance

Read More

Warehouse Insurance

Read More

Download Policy Wordings of ICICI-L

Why Buy From Policybazaar

Fire Insurance Companies

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Commercial Insurance Products

Group Health Insurance

Marine Insurance

Cargo Insurance

Workmen Compensation Insurance

Professional Indemnity

Fire Insurance

Shop Insurance

Comprehensive Liability Insurance

Construction All Risk

Erection All Risk

Cyber Insurance

Directors & Officers Insurance

Contractor's Plant & Machinery

Office Package Policy

Group Personal Accident Insurance

Group Life Term Insurance

Drone Insurance

Fire Insurance for Industries

Factory Insurance

Clinic/Hospital Insurance

Fire Insurance for Office

Fire Insurance for Shop

Restaurant Insurance

Goods/Storage Insurance

Select property type

Commercial
Home

Enter mobile number

We don't spam

Check your premium now

By clicking on " Check Your Premium Now " you agree to our Privacy Policy and Terms Of Use

What do you want to
insure?

Continue

Get quick help

Fire Insurance News

Latest News

Goa Nightclub Fire: 25 Victims Died of Suffocation, Probe Underway

Goa Nightclub Fire: 25 Victims Died of Suffocation, Probe Underway

Arpora, Goa: The tragic fire at a nightclub in Goa has claimed...Read more

09 Dec 2025 by Policybazaar 381 Views

Massive Blaze Hits NTPC Solar Plant Godown in Gujarat's Dahod

Massive Blaze Hits NTPC Solar Plant Godown in Gujarat's Dahod

A large fire broke out on Monday night at a storage facility...Read more

22 Apr 2025 by Policybazaar 841 Views

Fire Breaks Out in Greater Noida Factory, Spreads to Nearby Units

Fire Breaks Out in Greater Noida Factory, Spreads to Nearby Units

A massive fire broke out in an industrial area of Greater...Read more

03 Apr 2025 by Policybazaar 1159 Views

Massive Fire Destroys Liquor Store in Faridabad's BP TP Area

Massive Fire Destroys Liquor Store in Faridabad's BP TP Area

Faridabad: A major fire caused extensive damage to a liquor...Read more

25 Oct 2024 by Policybazaar 1171 Views

Fire Insurance Articles

Popular Articles
Recent Articles

What are the Exclusions of Fire Insurance?

What are the Exclusions of Fire Insurance?

Fire insurance covers losses or damages caused by fires, providing essential protection for property. However...Read more

11 Jan 2024 by Policybazaar 7476 Views

Reinstatement Value Clause under Fire Insurance

Reinstatement Value Clause under Fire Insurance

The reinstatement value is a method of claim settlement in a fire insurance policy. With the reinstatement value...Read more

27 Jul 2020 by Policybazaar 24269 Views

SFSP, BLUS, and BSUS: Insurance Differences at a Glance

SFSP, BLUS, and BSUS: Insurance Differences at a Glance

Most of the insurers until recently offered only Standard Fire and Special Perils (SFSP) fire policy to their...Read more

26 Dec 2022 by Policybazaar 10136 Views

What Does FLEXA Mean In Fire Insurance?

What Does FLEXA Mean In Fire Insurance?

FLEXA in fire insurance refers to Fire, Lighting, Explosion, and Aircraft Damage. These are some types of risks...Read more

06 Jan 2023 by Policybazaar 9749 Views

Bharat Sookshma Udyam Suraksha Insurance Policy

Bharat Sookshma Udyam Suraksha Insurance Policy

One of the most popular property insurances in India is fire insurance. Although it is called as fire insurance, a...Read more

13 Feb 2023 by Policybazaar 10979 Views

What is the Meaning of STFI?

What is the Meaning of STFI?

STFI refers to Storm, Tempest, Flood, and Inundation, which are natural calamities that can affect anyone...Read more

09 Jan 2023 by Policybazaar 11033 Views

Standard Fire and Special Perils Insurance (SFSP)

Standard Fire and Special Perils Insurance (SFSP)

Standard fire and special perils is a type of fire insurance policy. This is a comprehensive fire insurance...Read more

21 Dec 2020 by Policybazaar 13249 Views

Types of Fire Insurance Policy in India

Types of Fire Insurance Policy in India

Fire is a major risk that can cause severe damage, often starting suddenly and destroying everything in its path...Read more

20 Feb 2019 by Policybazaar 48880 Views

Commercial Building Insurance: What to Consider When Purchasing the...

Commercial Building Insurance: What to Consider When Purchasing the...

Owning a commercial building can be a significant investment, and safeguarding it against unforeseen risks is...Read more

31 Jul 2023 by Policybazaar 6284 Views

What is Average Clause in Fire Insurance?

What is Average Clause in Fire Insurance?

An average clause in a fire insurance policy addresses underinsurance. If the assets are insured for less than...Read more

13 Feb 2023 by Policybazaar 11069 Views

What is Parametric Insurance?

What is Parametric Insurance?

Parametric insurance provides a pre-agreed payout when a specific event or parameter exceeds or falls within a...Read more

28 Apr 2025 by Policybazaar 2267 Views

Fire Insurance Claim Process

Fire Insurance Claim Process

The fire insurance claim process doesn't have to be stressful. However, understanding each step can make it much...Read more

04 Mar 2019 by Policybazaar 38785 Views

Bharat Laghu Udyam Suraksha (BLUS) Insurance Policy

Bharat Laghu Udyam Suraksha (BLUS) Insurance Policy

Bharat Laghu Udyam Suraksha Policy (BLUS) insurance covers your business property. With this policy, the insurer...Read more

10 Jan 2023 by Policybazaar 8854 Views

Coverage for Stock and Inventory in Factory Fire Insurance

Coverage for Stock and Inventory in Factory Fire Insurance

In the domain of Factory Fire Insurance, the protection of stock and inventory stands as a critical element...Read more

11 Dec 2023 by Policybazaar 5559 Views

What does RSMD mean in Fire Insurance?

What does RSMD mean in Fire Insurance?

RSMD (Riots, Strikes, and Malicious Damage) is a multitude of risks that can be compensated by fire insurance....Read more

26 Dec 2022 by Policybazaar 10033 Views

Goa Nightclub Fire: 25 Victims Died of Suffocation, Probe Underway

Goa Nightclub Fire: 25 Victims Died of Suffocation, Probe Underway

Arpora, Goa: The tragic fire at a nightclub in Goa has claimed...Read more

09 Dec 2025 by Policybazaar 382 Views

What is a Fire Extinguisher?

What is a Fire Extinguisher?

A fire extinguisher is a first-response safety tool used to...Read more

27 Nov 2025 by Policybazaar 314 Views

5 Types of Fire Extinguishers

5 Types of Fire Extinguishers

Fire extinguishers are special devices used to control or put...Read more

04 Sep 2025 by Policybazaar 991 Views

What is Parametric Insurance?

What is Parametric Insurance?

Parametric insurance provides a pre-agreed payout when a...Read more

28 Apr 2025 by Policybazaar 2269 Views

Massive Blaze Hits NTPC Solar Plant Godown in Gujarat's Dahod

Massive Blaze Hits NTPC Solar Plant Godown in Gujarat's Dahod

A large fire broke out on Monday night at a storage facility...Read more

22 Apr 2025 by Policybazaar 842 Views

Fire Breaks Out in Greater Noida Factory, Spreads to Nearby Units

Fire Breaks Out in Greater Noida Factory, Spreads to Nearby Units

A massive fire broke out in an industrial area of Greater...Read more

03 Apr 2025 by Policybazaar 1160 Views

What is a Fire Alarm System?

What is a Fire Alarm System?

A fire alarm system is a group of devices integral to the fire...Read more

02 Apr 2025 by Policybazaar 1662 Views

LA Fires: A Wake-Up Call for Business Preparedness

LA Fires: A Wake-Up Call for Business Preparedness

The catastrophic LA Fires are a stark reminder of businesses'...Read more

06 Feb 2025 by Policybazaar 1378 Views

LA Fires: A Wake-Up Call for Business Preparedness

LA Fires: A Wake-Up Call for Business Preparedness

The catastrophic LA Fires are a stark reminder of businesses'...Read more

06 Feb 2025 by Policybazaar 0 Views

Massive Fire Destroys Liquor Store in Faridabad's BP TP Area

Massive Fire Destroys Liquor Store in Faridabad's BP TP Area

Faridabad: A major fire caused extensive damage to a liquor...Read more

25 Oct 2024 by Policybazaar 1172 Views

Floating Fire Insurance Policy

Floating Fire Insurance Policy

A Floating Fire Insurance Policy is a type of fire insurance...Read more

23 Oct 2024 by Policybazaar 2296 Views

Doctrine of Approximation in Fire Insurance

Doctrine of Approximation in Fire Insurance

The Doctrine of Approximation in fire insurance is a fundamental...Read more

12 Jun 2024 by Policybazaar 2043 Views

Exclusion of Consequential Loss Coverage under Fire Insurance

Exclusion of Consequential Loss Coverage under Fire Insurance

Fire insurance protects businesses against financial losses...Read more

19 Mar 2024 by Policybazaar 2584 Views

What are the Exclusions of Fire Insurance?

What are the Exclusions of Fire Insurance?

Fire insurance covers losses or damages caused by fires...Read more

11 Jan 2024 by Policybazaar 7486 Views

Fire Insurance for Factories with Hazardous Materials

Fire Insurance for Factories with Hazardous Materials

In the labyrinth of industrial operations, there exists a subset...Read more

27 Dec 2023 by Policybazaar 2993 Views

Policybazaar for Business - Fire Special Perils Insurance - Customer Reviews

View all 83 reviews

View all

4.3/5

Based on 83 reviews

4.3

out of 5

Based on 83 reviews

13 users

66 users

4 users

0 users

0 users

4.8 October 09, 2022

Aaftab

Amazing Customer Support

I am using a fire insurance policy from policybazaar and experienced amazing feedback from them in claim settlement. I have a sports merchandise shop that caught fire last yearI raised a claim which was resolved within a few days without any hassles.

Thiruvananthapuram

4.8 October 08, 2022

Balachandar

Helpful Support

The support team of Policybazaar is really helpful and prompt. They solve all your queries fast. Would definitely recommend Policybazaar for purchasing insurance .

Mangaluru

4.8 October 07, 2022

Raahim

Extensive Cover

Got a fire insurance policy for my shop and it was really extensive with so many features. Purchased it from Policybazaar without paying any commission fees. Great coverage.

Bengaluru

4.5 October 06, 2022

Aadi

User Friendly Website

We deal in the cotton industry and suffered a huge loss last year because of the fire. We were looking for insurance to safeguard us financially from any such incident in the future. We landed on the policybazaar website and bought fire insurance. Their website is well managed and gives all the necessary information.

MP

4.8 October 05, 2022

Rohit

Plans Are In Budget

Had to purchase a fire insurance which should be in my budget as I run a very small store. Got a lot of affordable plans on Policybazaar and purchased the one that suited my budget. All plans are in budget and with so many features.

Bhopal

4.3 October 04, 2022

Baban

Covered My Shop

I have a shop of garments and it caught fire last year in which I lost items worth thousands. Purchased a fire insurance from Policybazaar and now I feel really relieved that it would financially cover my shop in such circumstances.

Chandigarh

4.3 October 03, 2022

Aarnav

Faster Claim Settlement

A part of my warehouse having thousands of material caught fire. Luckily I had a fire insurance policy that I could claim and received compensation from them. It was such a relief. The claim settlement team at Policybazaar is helpful and really quick.

Assam

4.5 October 02, 2022

Jagadish

Affordable

I have a warehouse of clothes and was planning to buy a fire insurance policy to cover my material from unwanted fire. Got a really affordable plan from Policybazaar with some really great features.

Ahemdabad

4.5 October 01, 2022

Rahul

Budget Friendly

Wanted to cover my crockery shop from fire and was searching for an affordable plan. Found a great plan at Policybazaar which suited my budget.

Surat

4.5 September 30, 2022

Baabul

Instant Purchase

Wanted a fire insurance policy for my crockery business and could purchase it instantly from Policybazaar. The process was quick instant and very easy.

Gurgaon

Disclaimers⁺
⁺Premium varies on the basis of Occupancy, Business Activity & Coverage Type . The premium of Rs 3400/year (Rs 283.33 / month) is for a pucca building with sum insured of Rs 50 lakh at selected locations, for property age less than 25 years and policy term of 1 year, rounded off to nearest 10. Additional premium is payable for the optional covers including contents opted. STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.

Your call has been scheduled successfully.

Expert advice made easy

Date
Time

When do you want a call back?

Today
Tomorrow
05 Feb
06 Feb
07 Feb
08 Feb
09 Feb

What will be the suitable time?

11:00am - 12:00pm
12:00pm - 01:00pm
01:00pm - 02:00pm
02:00pm - 03:00pm
03:00pm - 04:00pm
04:00pm - 05:00pm
05:00pm - 06:00pm

Tell us the number you want us to call on

Mobile number

Your privacy matters. We wont spam you

Call scheduled successfully!

Our experts will reach out to you on Today between 2:00 PM - 3:00 PM

Claude

Insurance

General Insurance
Life Insurance
Term Insurance
Investment
Health Insurance
Other Insurance

Calculators

Investment Calculators
Fitness Calculators
Income Tax Calculator
Term Insurance Calculator
LIC Calculator
Life Insurance Calculator
Health Insurance Calculator
Travel Insurance Calculator
Car Insurance Calculator
Bike Insurance Calculator

Resources

Articles
Customer reviews
Insurance companies
Newsroom
Awards
PB Life

Company

About Us
Sitemap
Careers
Legal & Admin policies
ISNP
Contact us
Verify your advisor
Investor Relations

Payment Methods

Secured With

Follow us on

"Policybazaar for Business" is a brand under Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurugram, Haryana - 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker

Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurugram - 122001, Haryana Tel no. : 0124-4218302 Email ID: care@policybazaar.com

Policybazaar is registered as a Composite Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2027, License category- Composite Broker

Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

© Copyright 2008-2026 policybazaar.com. All Rights Reserved.

Protect your building & assets from

fire

theft

impact damage