Bharat Laghu Udyam Suraksha Policy

Property insurance for SMEs with Sum Insured from ₹5 Cr to ₹50 Cr. Covers fire, natural disasters & business assets with enhanced benefits.

Key Coverages

Fire & Lightning
Natural Disasters
Riot, Strike & Malicious Damage

Your Name

Enter your name

Your Mobile Number

Mobile number should be 10 digit start with 9,8,7 or 6

Your Pincode

Please enter your pin code

Terms & Conditions

OTP Verification

An OTP has been sent to your 91 8934562342

Resend OTP

00:59

Please enter your OTP

I/We hereby give voluntary consent to BGIL/Company to share my/our personal information and data provided in this proposal form with its group companies or any other person in connection with the Insurance Policy or otherwise, including for providing products and services of group companies that may be of interest to me/us, to be used in accordance with their respective privacy policies and subject to appropriate measures being in place to safeguard my/our personal information.
Click here to read our Privacy Policy

You don't want to miss this.

By opting for WhatsApp communication, you'll lose out on:

1. Your personalised quote delivered directly on WhatsApp

2. WhatsApp notification on policy information, updates & announcements

Commercial Insurance

Bharat Laghu Udyam Suraksha

Key Features

Safeguard Your Business with Comprehensive Insurance Coverage

Coverage Highlights

Protect your assets by choosing the right insurance coverage

Suitable for

Small & medium businesses, offices, industrial risks, storage risks, shops & malls, hotels, warehouses, educational institutions, places of worship and more

Assets covered

Structure and building, plant and machinery, furniture and furnishings, raw materials, electric fittings, and finished goods and stocks, where sum insured is INR 5 crores to INR 50 crores in any one location

All-Round Protection for Your Business

Safeguard your enterprise against fire, explosion or implosion, natural calamities, terrorism, riots, strikes, malicious damage and more with a policy designed to keep your business running smoothly

Inclusions

What's covered?

Fire and Lightning

Coverage for damages from fire outbreaks and lightning strikes

Explosion or Implosion

Financial security against unforeseen explosions or implosions

Impact Damage

Protection from damages caused by external physical objects (e.g., vehicles, falling trees, walls)

Riot, Strike, Malicious Damage (RSMD)

Coverage for losses from riots, strikes, or malicious damage

Storm, Tempest, Flood, Inundation (STFI)

Protects against property damages caused due to storms, cyclones, tempests, tsunamis, floods and inundations

Missile Testing Operations

Coverage for losses due to missile testing operations

Theft

Coverage for theft within 7 days following an insured event

Earthquake, Bushfire, Forest or Jungle Fire

Protection against damages from earthquakes, bushfires, forest fires, or jungle fires

Terrorism Cover

Covers loss in case your property is damaged by a terrorist attack

Waiver of underinsurance

Underinsurance waived upto 15% as part of standard cover

Note

Please read policy wording for detailed inclusions

Exclusions

What's not covered?

Deliberate Acts

Losses from deliberate acts by the insured or representatives

Electronic Equipment Damage

Excludes damages caused by over-running, pressure, short-circuiting, arcing, self-heating, or electricity leakage

Cold Storage Stock Damage

No coverage for stock losses due to temperature fluctuations

Process Interruption Spoilage

Excludes spoilage losses resulting from process interruptions due to an insured event

War and Nuclear Risks

Losses arising from international war, invasion, civil war, rebellion, revolution, insurrection, or nuclear contamination are excluded

Pollution or Contamination

Excludes losses due to pollution or contamination unless directly caused by an insured event

Property Removed from Premises

Excludes losses incurred due to removal of property unless under specific circumstances (e.g., machinery temporarily taken for repairs)

Excess

5% of claim amount subjected to min INR 10,000 (Other than Terrorism)

Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?

Accidental Damage Cover

Covers accidental damage to property or contents, like spills or breaks

Electrical / Electronic Appliance Clause Cover

Covers damage to appliances from electrical faults or power surges

Impact Damage Cover

Covers damage from physical impacts, like a car or tree hitting your property

Snow Damage Cover

Covers damage from snow, like roof collapse or falling ice

Minor Works

Small, quick, and inexpensive construction or renovation projects.

Escalation Clause

Allows contract price increase if material or labor costs rise

Waiver of Involuntary Improvement

Protects against paying for unauthorized property improvements

Immediate Repairs

Insured may immediately begin repairs or reconstruction work of the insured property so that the normal operations return back to normal

Floater Cover for Stocks

Under one sum insured, avail cover for the stocks at multiple locations

Declaration Policy for Stocks

As per the declaration basis, a cover is offered for the regular fluctuations in stock values and stocks

What is Bharat Laghu Udyam Suraksha Policy?

The Bharat Laghu Udyam Suraksha Policy (BLUS) insurance provides coverage for your business property. In this policy, the insurer compensates you for any losses incurred due to any kind of unexpected named events which cause damage, physical loss, or destruction of structures and buildings, machinery, stock or plant and other kinds of business-related assets.

This type of insurance can be purchased when a business has total insurable assets valued between ₹5 crore and ₹50 crore. This policy is ideal for micro and small businesses such as offices, manufacturing units, shops and more.

Quick Overview

1
Comprehensive Asset Protection: Bharat Laghu Udyam Suraksha policy protects all the primary business assets, including machinery, buildings, stocks and furniture, against insured risks.
2
Meant for SMEs: This policy is structured for micro and small enterprises having a total insurance of for instance asset value between ₹5 crore and ₹50 crore.
3
Business Property Loss Coverage: The policy compensates for physical damage or loss caused by explosion, fire, natural disasters, and other insured events.
4
Quick Financial Recovery: It helps businesses to recover faster by replacing their repair and equipment costs.
5
Business Continuity: The policy reduces downtime of business by supporting restoration of operations after unexpected asset coverage. (only cover material damage no coverage for business interuption)
6
Additional Business Assets: It extends protection to the newly added or constructed property during the policy period, and ensures continuous asset coverage, subject to prior intimation of such addition
7
Reinstatement Value Options: Businesses can choose to settle damaged property at the reinstatement value
8
Optional Add-Ons: There are optional covers available, such as professional fees, floater, and debris removal, to strengthen the policy for flexible protection needs.

Why Should You Choose Bharat Laghu Udyam Suraksha Policy?

Wondering why businesses must get a BLUS policy? Well, here are a few reasons why:

Asset Protection

A BLUS policy safeguards all vital property which is used for your business. This includes structures, plants, buildings, and furniture. machinery, inventory and fixtures from SI above 5 crore and upto 50 crore.
Reinstatement Value

You can make coverage claims on a new or old basis, which will allow you to replace or rebuild damaged property at current market costs.
Business Continuity

A BLUS policy helps maintain business continuity by covering the costs of repair or replacement of vital equipment so that you can minimize business downtime.
Additional Property Coverage

The coverage of this policy includes any new property addition or structures that you acquire or build during the policy period subject to prior intimation of such addition
Natural Calamities Cover

This policy is also designed to protect against devastating natural events, including storms, earthquakes, landslides, tsunamis, and cyclones.
Terrorism Cover

It can be included to protect your enterprise against any malicious acts and losses which result from terrorist activities.
(Named) Perils Cover

This policy also covers damages caused by explosions, implosions, fires, and impact damage. lightning from external objects and bushfires.
Flexible Stock Valuation

i.landed cost at Your Premises for Stock of raw materials, ii. total manufacturing cost for Stock of finished goods, iii. the input value of Stock in process at the time loss, iv. The Contract Price in case of goods sold but not dispatched, and lying within Your premises for which You are responsible under the terms of a contract of sale. We will pay Your claim on the basis of the Contract Price, if the sale is cancelled wholly or to the extent of loss or damage caused by an Insured Event covere

Bharat Laghu Udyam Suraksha Insurance at a Glance

Here is an overview of the features of Bharat Laghu Udyam insurance that you need to know about:

Sr. No.	Features	What is it?
1	Eligible Businesses	It is meant for enterprises where the total value at risk at one location is above ₹5 crore - ₹50 crore.
2	Purpose of Policy	It is designed to protect assets against any physical loss, damage, or destruction due to any insured perils.
3	Covered Property	Buildings, plant and machinery, furniture, fittings and other business assets.
4	Standard Cover	It covers loss or damage caused by insured events such as explosion, fire, storm, lightning, earthquake, flood, riot, etc.
5	Money Coverage as a specific contents	The policy provides cash coverage of up to ₹50,000 during the policy period.
6	Policy Tenure	Annual cover

Benefits of Bharat Laghu Udyam Suraksha

Now that you understand the purpose of policy, let us explore the benefits which make Bharat Laghu Udyam Suraksha a valuable safeguard for small and medium-sized businesses.

Building and Structure Cover

This benefit provides all-round financial protection against physical damage or destruction of your business structures and buildings caused by insured events. This ensures that your infrastructures remain secure.

Coverage for Plant and Machinery

This kind of provision is essential for operational assets, including machinery, plant and business stocks. This policy protects plant & m/cry against damage or loss caused by unforeseen insured events.

Furniture and Fittings Coverage

This policy is designed to offer compensation for the loss or destruction of office furniture, fixtures and fittings. It can help you quickly restore the workplace to its functional state after damage.

Temporary Removal of Stocks

The policy stocks temporarily removed to any other premises for the purposes of fabrication, processing or finishing, or other similar purposes as follows: i.maximum cover will be 10% of the Sum Insured of Stock ii. such stock is not otherwise insured.

Specific Contents Coverage

This feature of the BLUS policy offers protection for critical business items, including important deeds, money, data, and drawings. This offers coverage against theft or damage during the period of the policy.

Start-Up Expenses

This benefit provides start-up costs necessarily and reasonably incurred by the insured in respect of the insured risk consequent upon a loss or damage covered by this policy for an amount not exceeding ₹ 5 Lakh ( Rupees Five Lakh )during the policy period.

Who Needs Bharat Laghu Udyam Suraksha Policy?

While the policy offers comprehensive protection, it is equally important to know who can benefit from it. Here is a look at businesses for which BLUS is designed:

The small and medium businesses with assets valued between ₹5 crore and ₹50 crore.

Manufacturers who are looking for protection for factories, inventory and machinery.

Traders who want to safeguard their goods, furniture and business premises.

Service providers who are protecting office equipment and business assets.

Business owners who operate in owned or leased commercial premises.

Entrepreneurs are expanding operations and adding valuable business assets.

Companies that seek financial protection against fire and allied perils while ensuring business continuity.

Why Bajaj General?

Comprehensive Coverage

Protects against fire, flood and many other risks in one policy

Customisable Plans

Tailor-made solutions to suit different business needs

Fast & Hassle-Free Claims

Efficient claim settlement with minimal documentation

Risk Mitigation Services

Expert guidance on loss prevention and business continuity

24/7 Customer Support

Round-the-clock assistance for policyholders

Eligibility Criteria for Bharat Laghu Udyam Suraksha Policy

Before purchasing a policy, ensure your business meets the required eligibility conditions. The following criteria determine whether you qualify for BLUS coverage:

Eligibility Criteria	Specifications
Purchase Eligibility	f insurable assets at any location are valued between ₹5 crore and ₹50 crore on the policy start date, they can apply for the BLUS policy.
Policyholder Criteria	If more than one person is insured under this policy, each of the members is a joint policyholder. Any notice or letter given to one is considered given to all. Moreover, any request, statement, representation, claim or action of any one of you shall bind every member.

Standard Add-ons Under Bajaj General Bharat Laghu Udyam Suraksha Policy

1
Impact Damage : You will get coverage for physical loss or damage, destruction caused to insured property due to impact of, or collision caused by: - Insured’s own Rail/Road Vehicles, Fork lifts, cranes, stackers and the like and articles dropped on additional cost
2
Professional fees: It pay expenses incur towards reasonable fees of Architects, Surveyors and Consulting Engineers as follows: i. The fees are paid for preparing plans, specification tenders and quantities, and services in connection with the superintendence of the reinstatement of the Insured Building, Machinery, Accessories or Equipment; ii. The maximum We pay is 5 % of the claim amount; iii. We do not cover fees or costs for preparing any claim or estimate of loss or damage by the Insured Perils.
3
Costs for removal of debris: This will pay reasonable expenses incur towards removal of debris of any Insured Property from Premises, and dismantling, demolishing, shoring up or propping up of Insured Building or Machinery. The maximum pay is 2 % of the claim amount..
4
.Floater Cover: This add-on covers stock, stored at multiple locations under a single sum insured. Rather than buying separate policies for every location, this facilitates to cover under single policy.

Step-by-Step Guide

How to Buy Bharat Laghu Udyam Suraksha Online?

How to Buy

1

Visit the Bajaj General Insurance website
2

Fill in the lead generation form with accurate details
3

Get quote, make payment and receive the policy documents

Know More

How to Renew

1

Contact the Policy Issuing Office
2

Review expiring policy and share necessary details
3

Receive renewal quote
4

Make renewal payment
5

Receive the renewed policy documents via email

Renew Now

How to Claim

1

Contact us through our customer service touchpoints
2

Submit the claim form along with the necessary documents
3

Provide details of the incident and any supporting evidence
4

Cooperate with the claims investigation process
5

Receive the claim settlement as per the policy terms

Claim Now

Know More

1

For any further queries, please reach out to us
2

Toll Free : For Sales :1800-209-0144
3

Email ID: careforyou@bajajgeneral.com

Download Policy Document

Get instant access to your policy details with a single click.

Brochure

Policy Wordings

Proposal Form

Claims Form

Customer Info Sheet

Download

FAQ's

What perils are covered under Laghu Udhyam Fire Insurance?

This policy covers losses due to fire, lightning, explosion, and implosion. It also includes coverage for damage caused by riots, strikes, malicious acts, storms, floods, and earthquakes. Business owners can ensure financial security against property damage and can add extra coverage for additional perils as required.

What perils are covered under Sookshma Udhyam Fire Insurance?

This policy covers losses due to fire, lightning, explosion, and implosion, including coverage for damage caused by riots, strikes, malicious acts, storms, floods, and earthquakes. Business owners can add extra coverage for additional perils as required.

What does the Standard Fire And Special Peril Insurance policy cover?

This policy covers damages or losses caused by fire, lightning, explosion, aircraft damage, riots, strikes, malicious damage, natural calamities, impact damage, subsidence, landslide, bursting/overflowing of water tanks, leakage from sprinkler installations, missile testing operations, and bush fires.

Are stocks and inventory covered under property insurance policy?

Yes; stocks and inventory stored within insured premises are genreally covered against fire-related damages. Businesses can opt for additional coverage to protect against theft or spoilage due to perils like floods or storms. The sum insured should be accurately calculated to ensure adequate compensation.

Can the property insurance policy be customized with add-ons?

Yes, the policy can be enhanced with add-ons such as debris removal, professional fees, spontaneous combustion, cold storage deterioration, spoilage material damage, and more.

What perils are typically covered under property insurance?

Property insurance generally covers losses due to fire, lightning, explosion, implosion, riots, strikes, malicious acts, storms, floods and earthquakes. Additional coverage for other perils can often be added as needed.

Does property insurance cover the loss of rent?

Yes, loss of rent can be covered as an add-on. If the insured property becomes uninhabitable due to a covered peril, the policy may compensate for lost rental income, providing financial stability during property restoration.

Are stocks and inventory covered under property insurance?

Yes, stocks and inventory stored within insured premises are typically covered against fire-related damages. Additional coverage can be opted to protect against theft or spoilage due to perils like floods or storms.

What types of property can be insured under property insurance?

Property insurance can cover various types of properties, including residential homes, commercial buildings, industrial facilities, and rental properties. Each type of property may have specific coverage options tailored to its unique risks.

Does property insurance cover natural disasters?

Yes, property insurance typically covers natural disasters such as earthquakes, floods, and storms. However, coverage for certain natural disasters may need to be added as an addition to the standard policy.

What is the claim process for property insurance?

In case of a loss, notify the insurer immediately and provide details of the damage. Submit supporting documents like incident reports and any other required document. A surveyor will assess the loss, and once approved, the claim will be settled as per policy terms.

How long does it take to settle a property insurance claim?

The time to settle a claim can vary depending on the complexity of the claim and the documentation provided. Generally, it can take anywhere from a few weeks to several months.

What should I do if my claim is denied?

If your claim is denied, review the denial letter to understand the reasons. You can appeal the decision by providing additional evidence or documentation to support your claim.

Can I claim for temporary accommodation costs?

Yes, many property insurance policies include coverage for additional living expenses if the insured property becomes uninhabitable due to a covered peril, This can cover temporary accommodation costs.

What is a deductible in property insurance claims?

A deductible is the amount you are responsible for paying out of pocket before the insurance coverage kicks in. It is usually specified in the policy and can affect the premium amount.

How often should I renew my property insurance policy?

Property insurance policies are typically renewed annually. It's important to review your coverage and make any necessary adjustments at each renewal.

Can I switch insurers at the time of renewal?

You can’t switch insurers at the time of renewal, but you can opt for a different insurance policy with a new insurer if you feel it’s necessary.

What happens if I miss the renewal date?

If you miss the renewal date, your coverage may lapse, leaving your property uninsured. Some insurers offer a grace period, but it's best to renew on time to avoid any gaps in coverage.

Can I make changes to my policy at renewal?

Yes, you can make changes to your policy at renewal. This includes adjusting coverage limits, adding or removing coverage, and updating any information about the insured property.

Will my premium change at renewal?

Premiums can change at renewal based on various factors, including changes in coverage, claims history, and any updates to the insured property. It's important to review the renewal terms carefully.

Insurance Samjho

अ

View All

Saving vs Medical Expenses

Is Health Insurance just an expense

MHCP EDGE +

Kitna Health Insurance Cover Enough Hai?

Home Insurance-All Risk Cover

Home Insurance-Long Term Cover

Home Insurance-No Content Declaration

Home Insurance-World Wide coverage

Take control of your digital security

Data Privacy Day | Bajaj General Insurance

Be Cyber Jagrook

Explore our articles

View all

Standard fire insurance – understanding its benefits & coverage

The importance of fire insurance for your property
Key features and inclusions of standard fire insurance
A step-by-step guide to filing your fire insurance claim

Everything You Need to Know About Fire Insurance

The Need for Fire Insurance
What is Fire Insurance?
Types of Fire Insurance Policies

Fire prevention measures for all homeowners

Things to keep in mind while devising a safety plan
Comprehensive health insurance plans
Know the safety measures

Fire Insurance: Meaning, Coverage, Types, Objectives, & Claim Process

What is Fire Insurance?
Why is Fire Insurance important?
Who should purchase a Fire Insurance Policy?

Tools

Branch Locator

Hospital Locator

Wellness

Carefit

Workshop Locator

Why juggle policies when one app can do it all?

Download the App Now!

Get it on

Google Play

Download on the

App Store

What Our Customers Say

Affordable

Sookshma Udhayam Fire Insurance is an excellent choice for small businesses like mine. The policy is affordable and covers fire damage comprehensively.

Ravi Sharma

Mumbai

22nd Jan 2025

Smooth Claim

I had a fire accident in my small shop, and Sookshma Udhayam Fire Insurance covered the damages efficiently. The claim settlement was smooth, and I received my compensation quickly.

Sunita Rao

Chennai

4.5

18th Nov 2024

Quick Processing

One of the best fire insurance policies for small businesses. The terms are clear, and they don’t have hidden charges.

Manoj Patil

Pune

11th Aug 2024

Affordable

Affordable and reliable fire insurance for small businesses! The coverage is impressive, and the premium is pocket-friendly.

Vikas Thakur

Hyderabad

26th Feb 2025

Best Coverage

This fire insurance is perfect for small businesses. The coverage is comprehensive, and the process of buying the policy was smooth. Their team answered all my queries patiently.

Rajesh Nair

Kochi

4.7

13th Aug 2024

Smooth Buying

As a small café owner, I wanted a fire insurance policy that was affordable yet effective. Sookshma Udhayam Fire Insurance met my expectations.

Meenal Joshi

Ahmedabad