Factory Insurance
Factory Insurance
Like fire and godown insurance, factory insurance provides financial protection against unforeseeable loss or damage to the factory and commodities. It covers stocks, Plant & Machineries & other contents lying at the factory. If you’re a factory owner, having factory insurance can be particularly beneficial for you as it secures supplies stored inside and outside the premises.
Factory insurance can be advantageous for numerous reasons. These are:
- Portable electronics are sometimes included in coverage if losses are incurred due to theft, short-circuit, or breakdown.
- It offers the replacement cost of damaged property instead of book value
- You can improve your coverage by purchasing add-ons like Loss of Profit Cover. This can aid you in paying the salaries of your workers during unfavourable circumstances.
Factory Insurance for Businesses
Investing a certain amount of capital is essential to set up a business. It takes years to see that business prosper. A single misfortune can reduce your years’ of investment to ashes.
Factory operators in India can benefit in different ways by having factory insurance. It offers comprehensive coverage for your factory structure and all commodities, including:
- Building with electricals, equipment, and interiors
- Electronics such as printers, ACs, and computers
- Finished goods, raw materials
How to Choose the Right Factory Insurance Advisor
You know your factory insurance advisor is the right one when he/she has the ideal combination of the following criteria:
Nesting Wealth brings its in-depth experience in helping factory owners select the right factory insurance policy. You can count on our certified insurance advisors to assist you in choosing an insurance policy with maximum coverage within your budget.
