Norwest NSW
Fire Insurance
Fire is one of the most damaging things that can happen to a business, and it can start in seconds. A faulty power board, an overloaded circuit, a kitchen fryer, a neighbour's blaze next door.
Fire insurance covers loss or damage to your property from fire. It's usually one of the core parts of a business property policy, but the details matter, such as what the sums are based on and what the policy wants you to have in place.
What it can cover
- Damage to buildings, plant and equipment
- Stock and contents
- Damage from smoke and water used to put the fire out
- Debris removal and demolition
- Fire brigade charges
- Lost income, if business interruption is added
What insurers look at
- Fire safety equipment (extinguishers, alarms, sprinklers)
- Electrical condition and maintenance
- Storage of flammable goods
- Housekeeping, especially around kitchens and workshops
- Neighbouring risks, like a cooking business next door
- If you don't meet the conditions in the policy, an insurer may reduce or decline a claim. We'll point these out upfront.
Case study
An example
An electrical fault starts a fire in the storage area of a small warehouse after hours. The fire damages the roof and burns most of the stock. Smoke and water damage spread through the office. The owner claims for the building repair, stock and contents, and, because the policy includes business interruption, the income lost while the site is closed. Without that extension, the lost income would come out of the owner's pocket.
Illustrative example only. Cover depends on your policy wording.
Contact us
To put the cover together, we'll ask about:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Fire insurance FAQs
Usually, but check. Some specialist covers or policies built for particular trades handle it differently.
Often yes, if the cause is insured. We can check your policy.
Possibly. Good safety measures and records can help.
Make sure everyone is safe, then call your insurer or us as soon as you can. Take photos and don't throw anything out until the claim is assessed.