Property Insurance

Safeguarding Your Business Investments with Property Insurance

Property Insurance is a vital safeguard for businesses, protecting your assets and investments from unforeseen risks and losses be it at your own or leased property. Running a business entails making substantial investments, and safeguarding these investments, including your property, machinery, inventory, and other critical assets, is essential for the sustained success and longevity of your organization.

At HONOR INSURANCE, we understand the importance of securing your corporate properties, which is why we offer a comprehensive range of Property Insurance solutions. Whether you're a property owner concerned about potential damage or a tenant looking to safeguard your interests, a thoughtfully tailored commercial property insurance policy is the solution you require.

Fire & Allied Hazards Insurance

This cover provides comprehensive protection against fires, lighting, storms, hurricanes, earthquakes, floods, impact damages, etc. The property to be insured may consist of the following assets:

Consequential Loss of Profit Insurance

This coverage ensures business continuity by reimbursing for losses incurred during a disruption. It aims to bring your business back to its pre-loss financial state. The coverage period begins after a two-week deductible period from the date of the loss and continues until your business's turnover and profits return to their pre-loss levels. A customized loss of profits policy is crucial to align with your specific needs. It should be integrated with your Property All Risks coverage and cannot be purchased as a standalone policy.

Property All-Risk
Insurance

True to its name, an "All Risk" policy provides extensive coverage, offering customized policy terms that encompass a wide array of potential hazards.
These include but are not limited to fire, lightning, floods, impact damage, damage from aircraft, pipe bursts, malicious harm, theft, and accidental damage. The coverage can be based on either the actual property value or the cost of replacing the property with a new one