Gydmus Business

SME & Corporate Solutions

Protect Your Business, Secure Your Future

Comprehensive insurance solutions for SMEs and large enterprises. From fire and property protection to liability coverage and marine transit—we safeguard every aspect of your business with tailored policies from 20+ leading insurers.

Businesses Insured

Crore+ Sum Insured

Claims Settled %

Business Insurance Calculator

Custom Quote

Business Type

Industry Sector

Sum Insured (Assets Value) Rs 50,00,000

Annual Turnover Rs 1,00,00,000

Premises Area (sq ft)

Location

Recommended Add-ons

Terrorism Cover +0.05%

Flood Cover +0.10%

Earthquake +0.15%

Machinery Breakdown +0.20%

Your Business Insurance Quote

Comprehensive protection for your enterprise

Estimated Annual Premium

Rs 25,000

1 Year Policy | Comprehensive Coverage

Rs 18,000

Base Premium

Rs 3,500

Add-ons

Rs 3,500

GST (18%)

Premium Breakdown

Rs 25K

Total

Base

Add-ons

GST

Coverage Summary

Building

Rs 20L

Machinery

Rs 15L

Stock

Rs 10L

Liability

Rs 5L

Your Coverage Summary

Fire & Allied Perils

Rs 50,00,000

Natural Calamities

Covered

Public Liability

Rs 5,00,000

Employee Safety

Included

Why Gydmus for Business Insurance?

Tailored Solutions for Every Business: We understand that every business is unique. Whether you're a small retail shop, a manufacturing unit, or a large corporate entity, Gydmus provides customized insurance solutions that match your specific risk profile and coverage requirements.

Comprehensive Risk Assessment: Our team of certified risk managers conducts thorough surveys of your premises to identify potential hazards and recommend appropriate coverage. We help you understand your risks before they become claims.

Hassle-Free Claims Process: Business interruptions can be costly. That's why we've streamlined our claims process to ensure quick settlement. Our average claim settlement time is 7 working days, and we offer advance payments for urgent business restoration needs.

Multi-Location Coverage: Manage all your business locations under a single policy with consolidated premiums and unified coverage. Perfect for businesses with multiple branches, warehouses, or retail outlets across India.

Our Products

Complete Business Insurance Solutions

From protecting your physical assets to covering legal liabilities, we offer comprehensive policies for every business need.

Fire Insurance

Protect your buildings, machinery, stock, and other assets against fire, lightning, explosion, and allied perils. Covers both structural damage and contents within the insured premises.

Fire & Lightning

Explosion/Implosion

Natural Calamities

Debris Removal

Liability Cover

Comprehensive protection against third-party liabilities arising from business operations. Includes public liability, product liability, and professional indemnity coverage options.

Public Liability

Product Liability

Legal Expenses

Compensation Costs

Marine Policy

Cover your goods in transit against all risks during transportation by sea, air, or road. Ideal for importers, exporters, logistics companies, and businesses with supply chain operations.

Sea/Air/Road Transit

Import/Export Cargo

Warehouse Storage

Open Policy Options

Property Cover

All-risk property insurance covering your buildings, plant & machinery, furniture, fixtures, and inventory against a wide range of perils including burglary, theft, and natural disasters.

Burglary & Theft

Machinery Breakdown

Business Interruption

Electronic Equipment

Understanding Business Insurance Terms

Sum Insured vs. Market Value: Sum insured is the maximum amount the insurer will pay in case of a claim. For property insurance, ensure your sum insured reflects current replacement costs, not depreciated book value. Under-insurance can lead to claim reduction due to the average clause.

Average Clause: If your property is under-insured (sum insured is less than actual value), claims are settled proportionately. For example, if your property is worth Rs 1 Crore but insured for Rs 50 Lakhs, a Rs 10 Lakh claim will only result in Rs 5 Lakh payout (50%).

Deductibles: The amount you agree to bear for each claim. Higher deductibles mean lower premiums but more out-of-pocket expenses during claims. Standard deductibles range from Rs 5,000 to Rs 25,000 depending on the sum insured.

Reinstatement Value vs. Indemnity: Reinstatement value clause allows the insurer to repair or replace damaged property without deducting depreciation. Indemnity basis settlement deducts depreciation. Choose reinstatement for better coverage.

Compare Plans

Coverage Comparison by Policy Type

Peril Covered	Fire Policy	Property Policy	Marine Policy
Fire & Lightning	Yes	Yes	No
Natural Calamities	Add-on	Yes	No
Burglary & Theft	No	Yes	No
Machinery Breakdown	No	Add-on	No
Transit Damage	No	No	Yes
Third Party Liability	No	Add-on	No
Business Interruption	Add-on	Add-on	No
Best For	Manufacturing	All Businesses	Trading/Logistics

Key Benefits

What's Typically Covered

Fire & Allied Perils

Protection against fire, lightning, explosion, implosion, and aircraft damage.

Natural Disasters

Coverage for flood, earthquake, storm, tempest, and other natural calamities.

Machinery Protection

Breakdown coverage for plant, machinery, and electronic equipment.

Business Interruption

Compensation for loss of profits during business downtime due to covered events.

Claim Settlement Process

Step 1: Immediate Intimation: Notify us within 24 hours of any incident via phone, email, or our business portal. Provide initial details of the loss and circumstances.
Step 2: Survey & Assessment: Our licensed surveyor will visit your premises within 48 hours to assess the damage and document evidence. Cooperate fully and provide access to all affected areas.
Step 3: Documentation: Submit the claim form along with supporting documents—FIR copy (if applicable), financial records, purchase invoices, stock statements, and photographs of damage.
Step 4: Settlement: After verification, claim is processed within 7-15 working days. For major losses, we offer on-account payments to help you resume business operations quickly.

Why Choose Us

Benefits of Partnering with Gydmus

Dedicated Relationship Manager

Every business client gets a dedicated point of contact for all insurance needs—from policy purchase to claims. No call centers, just personalized service.

Risk Engineering Services

Free risk assessment surveys for clients with sum insured above Rs 5 Crore. Our engineers identify hazards and recommend safety improvements to prevent losses.

Quick Claim Settlement

Average claim settlement time of 7 working days. On-account payments available for major losses to help restore business operations without delay.

Multi-Location Policy

Manage all your branches, warehouses, and offices under a single policy. Consolidated premium with location-wise breakdowns for easy accounting.

Premium Financing

Don't block working capital. Pay premiums in easy EMMs through our financing partners. Ideal for businesses with annual premiums above Rs 1 Lakh.

Compliance Support

We help you meet statutory insurance requirements—Workmen's Compensation, Public Liability, Fire Safety compliance certificates, and more.

Our Partners

Backed by India's Leading Insurers

New India

Oriental

National

United India

ICICI Lombard

HDFC ERGO

Bajaj Allianz

Tata AIG

FAQ

Frequently Asked Questions

Fire Policy: Covers damage due to fire, lightning, and a limited set of allied perils like explosion, earthquake, flood (if opted). It's a named perils policy—you're covered only for perils specifically mentioned in the policy.

Property Policy (Bharat Griha Raksha/Varishtha): An all-risk policy that covers everything except exclusions. Includes fire, burglary, theft, natural disasters, breakdown, and more under a single policy. It's broader and more comprehensive than a standard fire policy.

Recommendation: For manufacturing units with significant machinery, Property All-Risk is recommended. For warehouses or godowns with minimal machinery, Fire Policy with necessary add-ons may suffice.

Statutory Requirement: Fire insurance is mandatory for certain industries like petrochemical plants, fireworks factories, and high-rise buildings under state fire safety acts.

Financial Requirements: Banks and financial institutions require fire insurance as collateral security for loans. If your property is mortgaged, the lender will insist on comprehensive insurance with bank clause.

Regulatory Compliance: Under the Insurance Act, certain industries must maintain specific insurance covers. Factory licenses also require compliance with fire safety norms including insurance.

Pro Tip: Even when not mandatory, fire insurance is essential for business continuity. A single major fire can wipe out years of hard work and investment.

Base Rate: Premium is calculated as a percentage of sum insured (rate per mille). Rates vary based on:
- Construction type (pucca/kutcha)
- Occupation hazard (fire load, manufacturing process)
- Location (fire station proximity, industrial zone)
- Claims history

Typical Rates:
- Low risk (office): 0.10% - 0.15%
- Medium risk (retail): 0.20% - 0.35%
- High risk (manufacturing): 0.40% - 0.80%
- Hazardous (chemicals): 1.00% - 2.00%

Discounts: Long-term policies (3-5 years) get 25-50% discount. Fire safety installations (sprinklers, hydrants) can fetch additional 5-15% discount.

Definition: Average clause applies when the sum insured is less than the actual value of the property. It states that the insured is their own insurer for the difference and claims will be settled proportionately.

Example:
- Actual property value: Rs 1 Crore
- Sum insured: Rs 50 Lakhs (50% of value)
- Damage: Rs 20 Lakhs
- Claim paid: Rs 10 Lakhs (50% of damage)

How to Avoid:
1. Get professional valuation done annually
2. Opt for "Reinstatement Value" clause instead of market value
3. Include escalation clause that automatically increases sum insured by 10-15% annually
4. Review coverage whenever you add machinery or inventory

Pro Tip: Always insure for replacement cost, not depreciated book value.

Essential Add-ons for Manufacturing:

1. Machinery Breakdown Policy: Covers sudden and unforeseen breakdown of machinery due to internal causes like short circuit, mechanical failure, or operator error. Not covered under standard fire policy.

2. Loss of Profits (FLOP): Compensates for lost profits and fixed expenses during business interruption due to fire or allied perils. Essential for maintaining cash flow during reconstruction.

3. Public Liability: Covers third-party injury or property damage arising from your business operations. Crucial if you have visitors, customers, or delivery personnel on premises.

4. Workmen's Compensation: Mandatory under labor laws. Covers employee injuries or death during employment. Avoids legal complications and ensures worker welfare.

5. Earthquake & Flood: Standard fire policy doesn't automatically include these. Essential for locations in seismic zones or flood-prone areas.

Protect Your Business Today

Get a customized business insurance quote from Gydmus. Our experts will analyze your risks and recommend the right coverage at competitive rates.