Supplementary Policies to Fire Insurance

Fire insurance is recommended for both residential as well as commercial setups. However, businesses must consider opting for fire insurance as it may act as a risk management strategy. A fire insurance policy does cover multiple perils and conditions, but the below supplementary policies to fire insurance can provide additional coverage to the business.

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Theft (robbery) and Burglary Insurance

A Standard Fire and Special Perils (SFSP) policy does not cover theft. Also, if one has opted for Bharat Laghu Udyam Suraksha (BLUS) or Bharat Sookshma Udyam Suraksha (BSUS), the theft cover is very minimal. Thus, a burglary or theft cover is an important supplemental policy to fire insurance that can safeguard the business from loss brought on by a break-in, housebreaking, or holdup.

Electronic Equipment Insurance

Fire insurance can offer limited protection for the digital or electronic assets of a business. Electronic equipment insurance is a supplemental policy to fire insurance that provides additional coverage to protect various electronic equipment and electrically operated machines. This additional coverage will be helpful for businesses whose daily operations largely rely on electronic devices like computers, servers, MRI equipment, X-ray machines, etc.

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Insurance for Machinery Breakdown

The machinery used mostly by factories, plants, building sites, and other businesses is protected by this policy. The protection is provided from physical damage as well as electrical or mechanical failure. This [policy also covers equipment failure owing to electrical problems, unusual machine operating failures, the effects of crashes and fire, operator negligence, etc. are covered.

Impact Damage Caused due to Insured Vehicle

SFSP policy covers impact damage caused due to any rail or road vehicle or animal, owned by anyone other than the insured. However, an add-on can be added to this which covers for impact damage caused to the insured own vehicle or animal.

Rental Loss

This supplemental policy to fire insurance or the add-on provides reimbursement of rent that is required when a business needs to be temporarily shifted from one location to another due to damage.

Leakage and Contamination Cover

This add-on or supplemental policy to fire insurance offers coverage for accidental leakage or contamination at a set-up.

Case Scenario

Dr. Vikas, a Radiologist, owns a radiology lab. He has covered his premise with a fire insurance policy. At the time of renewal of the policy term, he received a call from the insurer explaining to him about the various other supplemental policies to fire insurance that he can avail of.

The insurer explained about the electronic equipment policy, a useful supplemental policy to fire insurance for his set-up. Dr. Vikas has extended his policy with add-on coverage for EEI. He will have to pay an extra amount for this add-on and he can get coverage for any kind of loss or damage caused to the electronic equipment due to a fire accident.


A Fire insurance policy is essential for every business, big or small. However, when it comes to extra coverage to the existing fire insurance plan, one must consider business needs before opting for any of the supplemental policies to the existing fire insurance policy.

Written By: PolicyBazaar - Updated: 08 February 2023
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Policybazaar for Business - Fire Special Perils Insurance - Customer Reviews
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Based on 83 reviews
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Based on 83 reviews
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4.8 October 09, 2022
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.
4.8 October 08, 2022
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 .
4.8 October 07, 2022
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.
4.5 October 06, 2022
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.
4.8 October 05, 2022
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.
4.3 October 04, 2022
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.
4.3 October 03, 2022
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.
4.5 October 02, 2022
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.
4.5 October 01, 2022
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.
4.5 September 30, 2022
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.