Factory Insurance - Parivar Insurance Consultancy
It is covered under the insurance policy for the factory, shop, warehouse, or godown of the business. Factory insurance is a type of insurance that helps protect factories or manufacturing businesses from risks and damages. It covers things that could go wrong, like fires, theft, accidents, or damage to the building and equipment.
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Benefits
- Protection from Loss: It covers financial losses if something unexpected happens, like a fire or natural disaster.
- Equipment Coverage: If machines or equipment break down or are damaged, insurance helps cover the cost to repair or replace them.
- Liability Coverage: If someone is injured while visiting or working at the factory, it can help cover medical costs or legal fees.
- Business Interruption: If a disaster forces the factory to stop working for a while, this insurance helps cover lost income during the downtime.