Fire and Extraneous Perils
Fire and Extraneous Perils insurance is coverage of your business assets, property and stocks from damage caused by fire, lightning, explosion, flooding, riots, strikes, malicious damages or from Acts of God.
Fire and Extraneous Perils is also known as Fire and EP insurance. This covers for fire and water damage, and cover for other perils that can disrupt business’s operations and assets such as flood, lightning, riots, etc.
Just like compulsory fire insurance for your HDB, condo, a fire EP insurance is absolutely important for your business.