Commercial Insurance

Yes; an Industrial All Risk (IAR) or Commercial Package Policy combines property damage, machinery breakdown, business interruption, and employee liabilities under a single comprehensive contract.

• Core Covers Under One Commercial Package:
• Property & Assets (SFSP / IAR): Covers factory buildings, plant machinery, furniture, raw materials, and finished goods against fire, explosion, and natural calamities.
• Machinery Breakdown (MBD): Protects running equipment against sudden mechanical or electrical failures.
• Business Interruption (FLOP): Reimburses lost gross profit and standing charges while production is halted.
• Employee Liability: Fulfills statutory obligations under the Employees' Compensation Act, 1923 for workplace injuries or fatalities.

Bima Headquarter structures unified commercial packages for manufacturing units in Mandideep, Govindpura, Pithampur, Sanand, and Chakan-Pune.

Yes; a Fire Loss of Profits (FLOP) or Business Interruption policy specifically pays for net lost profit and continuing fixed standing charges like bank loan EMIs, staff salaries, rent, and taxes during an operational shutdown.

• How Business Interruption Works:
• Standing Charges Covered: Bank interest, permanent staff salaries, building lease rent, municipal taxes, and director remuneration that continue even when manufacturing stops.
• Increased Cost of Working (ICOW): Reimburses additional expenses incurred to resume partial production at an alternative leased facility or through third-party job work.
• Indemnity Period: You choose a recovery window (typically 3, 6, 9, or 12 months) during which claims are payable until normal turnover is restored.

Bima Headquarter models realistic indemnity windows and gross profit sums insured for industrial clients across India.

You receive full new replacement cost without depreciation if your policy includes the Reinstatement Value Clause (RVC), whereas standard market value policies deduct heavy depreciation for age, wear, and tear.

• Reinstatement Value (RVC) Rules:
• Brand-New Replacement: The insurer pays the cost of buying and installing brand-new machinery of equal capacity without cutting depreciation for age.
• Rebuilding Condition: You must actually replace or repair the machinery within 12 months (or surveyor-approved extension) to claim the full new-for-old benefit. If you do not rebuild, settlement defaults to depreciated market value.
• Stock Exclusion: Stocks and raw materials can never be insured on RVC; they are settled on landed purchase cost or market value.

Bima Headquarter ensures commercial policies carry explicit RVC endorsements across all capital machinery and civil assets.

A fast commercial claim approval requires the formal claim form, Fire Brigade / Police Panchnama, repair estimates, purchase invoices, Fixed Asset Register (FAR), and audited stock statements.

• Essential Claim Dossier Checklist:
• Step 1: Claim Intimation Form submitted within 24 hours to generate the official claim number.
• Step 2: Fire incident report or police FIR/Panchnama confirming accidental cause.
• Step 3: Equipment purchase bills, capital asset register, and manufacturer replacement quotations.
• Step 4: For inventory losses: GST inward-outward registers, physical stock verification sheets, and bank stock hypothecation statements.
• Step 5: For business interruption: Audited Profit & Loss accounts and monthly sales tax/GST returns.

Bima Headquarter coordinates on-site IRDAI surveyor inspections within 24 to 48 hours nationwide to accelerate settlement.

Bima Headquarter is a specialized corporate risk consultancy and claims advisory brand operated by InsureDesk IMF Pvt. Ltd., an Insurance Marketing Firm regulated by the Insurance Regulatory and Development Authority of India (IRDAI).

• How We Are Different:
• Independent Market Comparison: Unlike tied agents who only sell one insurer's product, we analyze and place coverage across 25+ leading public and private general, health, and life insurance companies in India.
• Pre-Underwriting Risk Audits: We inspect facilities, calculate proper asset valuations, and draft customized policy endorsements to prevent underinsurance traps before policy issuance.
• Dedicated Claims Advocacy: Unlike automated online aggregators that abandon you after sale, our dedicated claims desk manages on-site surveyor mobilization, paperwork audits, and Ombudsman appeals.

Headquartered in Bhopal, Madhya Pradesh, serving businesses and families across all 28 Indian states.

Our corporate headquarters is located in Bhopal, Madhya Pradesh (Narmadapuram Road / Danish Nagar), and we actively serve clients nationwide across all 28 states and union territories.

• How We Support Clients Nationwide:
• Pan-India Digital Desks: Instant policy reviews, quotation comparisons, and endorsement servicing via phone, email, and secure digital portals.
• Nationwide Surveyor Mobilization: Through our pan-India network of independent IRDAI-licensed surveyors, we coordinate physical loss inspections within 24 to 48 hours in any district or industrial corridor.
• Active MSME Corridors: Serving key manufacturing and commercial hubs including Indore, Mandideep, Govindpura, Pithampur, Jabalpur, Mumbai, Pune, Ahmedabad, Surat, Delhi-NCR, Bengaluru, Hyderabad, and Chennai.

Initial claim consultations and guidance are 100% free; our dedicated claims desk acts as your technical advocate throughout the entire claims lifecycle.

• Our Claim Support Protocol:
• 24-Hour Surveyor Coordination: Direct coordination with the appointed IRDAI surveyor to ensure proper on-site inspection scope.
• Dossier Verification: Structuring purchase bills, asset registers, repair quotes, and police/fire reports to satisfy surveyor requisitions without delay.
• Challenging Unfair Deductions: Reviewing draft survey reports to dispute unjustified depreciation or arbitrary repudiations.
• Ombudsman Representation: Preparing formal briefs for hearings before the Insurance Ombudsman under the Insurance Ombudsman Rules, 2017.

Final claim decisions remain with the insurer and are governed by applicable policy terms and IRDAI regulations.