Fire & Special Perils Insurance
The foundation cover for any building, plant or stock.
Understanding Fire & Special Perils Insurance.
Standard Fire & Special Perils (SFSP) covers physical loss or damage to buildings, plant, machinery, stock and contents from fire, lightning, explosion, riot, storm, flood, subsidence and allied perils. It is the base on which most commercial property programmes are built.
Fire cover is written on either reinstatement value or market value. Reinstatement pays to rebuild at today's cost; market value deducts depreciation. Choosing the wrong basis is the most common cause of a shortfall at claim.
What's actually inside this cover.
- Reinstatement or market value basis
- Optional business interruption (BI) add-on
- Fire, lightning and explosion
- Riot, strike and malicious damage
- Storm, cyclone, flood and inundation
- Impact damage and subsidence
Actual cover is subject to insurer wording, sub-limits, deductibles and exclusions. Please read the policy wordings carefully before concluding a sale.
How we place it.
One team — from the first conversation to the first claim.
- 01
Profile and exposure review with a Labdhi expert
- 02
Wording, sub-limit and pricing comparison across leading insurers
- 03
Cover binding with the optimal terms and add-ons
- 04
Renewal review and end-to-end claims support
When it actually pays.
Illustrative scenarios — real outcomes depend on insurer wording.
Warehouse fire destroys stock; reinstatement-value cover funds replacement at current prices.
Monsoon flooding damages ground-floor plant; STFI section responds.
Why Labdhi for this?
As a licensed insurance broker, Labdhi compares wordings, sub-limits and pricing across multiple insurers, structures the policy around your real exposures, and supports you end-to-end through documentation, renewals and claims.
Have these ready and we can move the same day.
Occupancy and pin code drive the rate, and the stock figure drives the sum insured. Be exact about what is actually done at the location.
- Insured name
- Risk location pin code
- GST number
- Email ID
- Communication address of the insured
- Exact occupancy
- Stock value
- Stock name
- Furniture and fixtures
- Electronic equipment
- Other contents
- Burglary cover
Send them across on WhatsApp or email and we will come back with options. If something on the list does not apply to you, tell us and we will work around it.
Is your Fire & Special Perils Insurance cover actually enough?
Most people discover the gap in their protection at the worst possible moment — at claim time. Shield360™ is our 4-minute risk profiler that scores your insurance coverage, highlights gaps, and gives you a personalised report you can download.
- Protection Score
A single 0–100 number showing how well-covered you really are.
- Gap Analysis
Identifies under-cover across life, health, income and assets — instantly.
- Downloadable Report
Branded PDF with your scores, gaps and suggested next steps.
More in Property & Engineering.
Fire, perils and asset protection for buildings, plant and stock.
Project, erection and equipment cover across the construction lifecycle.
Cover for sudden, unforeseen mechanical and electrical breakdown.
Single, wide-form policy for large industrial risks.