Delhi riots underline why its important for businessmen to buy extra cover

A businessman, who owns a shop, factory, or godown can protect them by buying a standard fire and special perils policy. It provides cover against loss or damage due to riots, strikes

Sanjay Kumar Singh 

The riots that took place in northeast Delhi recently caused loss of lives and also resulted in the destruction of shops, houses, vehicles and other forms of property. A riot in the nation’s capital may be a rare, low-probability event, but it does occur.

The incident once again underlines how important it is for businessmen and entrepreneurs to purchase insurance to safeguard themselves against events that can destroy all the assets they have built up over a lifetime. Business assets: Buy right sum insured A businessman, who owns a shop, factory, or godown can protect them by ...

First Published: Wed, March 04 2020. 23:31 IST