Fire Inspections

There is fire when something burns. In other words fire means visible flames or actual ignition. Simmering/ smoldering is not considered fire in Fire Insurance. Fire produces heat and light but either of them alone is not fire. Lightening is not a fire but if it ignites something, the damage may be due to fire. Under fire insurance policy, in addition to fire, other 12 perils are also included and the policy is known as “Standard Fire and Allied Perils Policy.

The following are the 12 perils covered under the Fire Policy.
  • Fire
  • Lightening
  • Explosion / Implosion
  • Aircraft Damage
  • Riot, Strike, Malicious Damage.
  • Storm, Cyclone, Typhoon, Hurricane, Tornado, Flood and Inundation.
  • Impact Damage.
  • Subsidence and Landslide, including Rock slide.
  • Bursting and/or overflowing of Water Tanks, Apparatus and Pipes.
  • Missile Testing Operations.
  • Leakage from Automatic Sprinkler Installations
  • Bush Fire
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The rapid industrialization of our country has led to the increasing use of machines in the industry. Though the use of machinery results in increased production capacities, in the event of accidents and breakdowns, they can be potential sources of financial loss and could even result in the closure of the business.

In spite of proper care and maintenance of machinery, mishap may yet occur. Sometimes the extent of the damage may be quite high and may also lead to fatal or non‐fatal injuries to human beings nearby.

The remedy for such losses is offered by means of the pecuniary protection given under engineering insurance policies.

Different types of Engineering Policies Issued by Insurance Companies are:
  • Machinery Breakdown Insurance
  • Contractor’s Plant & Machinery Insurance.
  • Electronic Equipment Insurance.
  • Erection All Risk Insurance
  • Industrial All Risk Insurance
  • Contractor’s All Risk Insurance
  • Boiler And Pressure Plant Insurance.
  • Business Interruption Insurance
  • Machinery Loss of Profit

Business Interruption

Team of experienced Chartered Accountants combined with inputs of seasoned engineers has adjusted some of the best business interruption losses. Few of the large claims handled by us in the recent past were to the tune of 1000 million rupees.

  • Fire Loss Of Profit
  • Machinery Loss of Profit
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Marine Insurance

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Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, Hull, Marine Casualty and Marine Liability.

IOf the four modes of transport – road, rail, air and water – it is the latter most which causes a lot of worry to the transporters not only because there are natural occurrences which have the potential to harm the cargo and the vessel but also other incidents and attributes which could cause a huge loss in the financial casket of the transporter and the shipping corporation.

Different types of Marine Policies Issued by Insurance Companies are:
  • Voyage Insurance
  • Time Insurance
  • Mixed Insurance
  • Named or Specific Voyage Insurance
  • Sales Turnover Insurance
  • Valued Insurance
  • Open or Unvalued Insurance
  • Blanket Insurance
  • Inland Transit Cargo Insurance
  • Package Insurance
  • Free on Board Insurance
  • Annual Insurance
  • Stock Through-put Insurance


Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire and Marine insurance. It covers a variety of risks. Miscellaneous Insurance policies issued by Insurers are:

  • Burglary Insurance
  • Fidelity Guarantee Insurance
  • Shopkeepers Package Insurance
  • All Risk Insurance
  • Money Insurance
  • Plate Glass Insurance
  • House Holders Insurance
  • Baggage Insurance
  • Jeweller’s Block Insurance
  • Office package Insurance
  • Workmen Compensation Insurance
  • Signage Insurance
  • Liability Insurance
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Motor Insurance

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Motor Insurance is mandatory for all the vehicles plying on the road. It's main objective is to give complete protection against physical damage or loss from natural and man made calamities. It offers protection against bodily injuries, detah, physical damages and third party liabilities.

There are different types of Motor Insurance, such as:
  • Car Insurance
  • Two Wheeler Insurance
  • Commercial vehicle Insurance
  • Third Party Insurance
  • Comprehensive Insurance

Cat Losses

A catastrophe loss refers to a type of loss that is extremely serious and random. In other words, it is one that has a devastating effect and cannot be foreseen. Thus, it is very difficult to prepare for without insurance. Catastrophe insurance exists to prevent individuals and businesses from suffering immense financial losses in the event of a major disaster.

The following are the Cat Losses
  • Kurnool Floods – 2009
  • HUD HUD Cyclone – 2014
  • Chennai Floods – 2015
  • Vardha Cyclone – 2016
  • Kerala Floods – 2018
  • Pethai Cyclone – 2018
  • Titli Cyclone – 2018
  • Fani Cyclone – 2019
  • Amphon Cyclone – 2020
  • Hyderabad Floods – 2020
  • Yaas Cyclone – 2021
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Risk Inspection

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Every organization is exposed to various risks. Intech carries out risk inspection surveys (from underwriting perspective with emphasis on safety and risk management).

  • Risk Inspection is carried out by experienced engineers
  • We do collect information related to previous major losses
  • Also suggest risk improvement / loss mitigation measures

Property Valuers

A property valuation is the process of determining the true market value of a property, be it a commercial property, business property or a residential property. A valuation report will provide with the information about the property and the factors affecting its price.

Our expert valuers provide prompt and accurate valuations of property and business assets for insurance purposes.

Insurance valuations of the buildings and the many types of machinery and other business assets your business owns are highly recommended by insurers, particularly in the following circumstances:

  • Where current valuations are several years out of date
  • Where there is a significant reliance on foreign machinery
  • Where assets and machinery are old
  • Where a business has undertaken significant restructuring, investment or downsizing

Pre-Dispatch Inspection

Pre-Dispatch inspection, involving inspection and acceptance testing, may be agreed upon between a buyer, a supplier, and an Insurer, and it can be used to initiate payment under a letter of credit. It can be performed at different stages before shipment, such as checking the total amount of goods and packing, controlling the quality or consistency of goods, checking of all documentation, as for example test reports, packaging list, or verification of compliance with standards of the destination country.

The report will be submitted with-in 24 Hrs of inspection.

Chartered Engineers

Our senior professionals are approved Chartered Engineers and we provide opinions and certifications on various technical matters relating to Plant & Machinery, Buildings, Civil Works and Infrastructure Projects.