Why Every Business Owner Should Prioritize Property Insurance
Hello friends,
My name is Abad Khan, and I have been part of the insurance industry for over 20 years. With a Post Graduate Diploma in Insurance (F.I.I.I.), my experience spans all types of claims—including fire, motor, burglary, and marine. Throughout my career, I have observed one disturbing pattern: most businessmen, especially small business owners, neglect to insure their factories, shops, hotels, restaurants, schools, and other establishments. They put their faith in luck rather than proper planning.
Why “Leaving It to Luck” Isn’t Enough
When disasters hit, uninsured business owners pay a heavy price. The recent Delhi Riots serve as a grim reminder—property loss reached an estimated ₹25,000 Crores, with small business owners being most affected. Shops, homes, and schools were destroyed by rioters. For many, starting over is impossible—they’ve lost everything, now forced to depend on others’ generosity. This tragedy could happen to anyone, making backup planning and insurance not just wise, but essential.
Property Insurance Is Affordable
- A garment showroom valued at ₹1 Crore can be insured for just ₹11,400
- A hotel, school, or restaurant worth ₹1 Crore can be insured for about ₹5,000
- Home contents of the same value can be covered for just ₹2,650
With these affordable rates, property insurance is within everyone’s reach—especially small businesses.
What Does Standard Fire & Special Perils Insurance Cover?
A comprehensive Standard Fire and Special Perils policy safeguards your property from 14 major risks:
- Fire
- Lightning
- Explosion/Implosion
- Aircraft damage
- Riot, Strike, Malicious Damage (RSMD)
- Storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Typhoon, Tornado (STFI)
- Impact by third-party vehicles or animals
- Subsidence, Landslide, Rockslide
- Burst water tanks/apparatus
- Sprinkler system leakage
- Missile testing
- Pollution or contamination from above perils
- Bushfire
- Earthquake
Additionally, you can take a burglary policy for forceful entry/theft at a very nominal premium.
Don’t Leave Your Business Exposed
Every business—big or small—should be protected. Buying the right insurance policy is a smart, strategic move that can mean the difference between quick recovery and permanent loss.
If you need help with the claim process or selecting the right insurance solution, we are here to help—free of cost. Our company provides all types of insurance services (General, Health & Life) across India.
Check out my detailed video for more insights or contact us today for guidance!
Abad Khan, F.I.I.I.
AK Insurance Marketing Pvt. Ltd.
A-918, ATS Bouquet, Sector-132, Noida-201303
Email: abad@bimasathi.in
Phone: +91 99996 82324, 0120-4360776
