Bharat Laghu Udyam Suraksha

Bharat Laghu Udyam Suraksha property insurance for small and medium businesses

The Bharat Laghu Udyam Suraksha Policy is a standardized property insurance policy introduced by the Insurance Regulatory and Development Authority of India (IRDAI) for small and medium businesses in India. It is specially designed to provide simple, affordable, and comprehensive protection to businesses with total asset value between ₹5 Crore to ₹50 Crore.

Get Quote Back to Property & Asset

Assets covered

  • Buildings Factory, office, shop, warehouse
  • Plant & machinery Equipment and installations
  • Furniture, fixtures & fittings Office and operational interiors
  • Stock Raw material, work in progress (WIP), finished goods

Risks covered (all standard perils)

The policy covers loss or damage due to:

Fire & allied perils

  • Fire
  • Lightning
  • Explosion / implosion

Natural calamities

  • Flood, inundation
  • Storm, cyclone, typhoon
  • Earthquake
  • Landslide, subsidence

Man-made events

  • Riots, strikes, malicious damage
  • Impact damage
  • Aircraft damage

Additional risks

  • Burst/overflow of water tanks
  • Leakage from sprinkler systems
  • Bush fire

In-built add-on benefits (no extra premium)

  • Architects, surveyors & consulting engineers fees
  • Debris removal expenses
  • Loss of rent (limited)
  • Temporary removal of assets
  • Start-up expenses (limited coverage)

Optional add-ons

  • Escalation clause (increase in asset value)
  • Additional earthquake cover (if required enhancement)
  • Floater cover for stock across locations

Key exclusions

  • War and nuclear risks
  • Wear & tear or gradual deterioration
  • Electrical/mechanical breakdown
  • Theft without forcible entry