the insurer's premium commercial fire insurance for micro and small enterprises — built on the BSUS standard with 12 optional covers. Business Interruption, Machinery Breakdown, Accidental Damage to P&M, Transit Risk, Electrical Clause, Third-Party Liability. ≤₹5 crore. New for Old. ₹5,000 excess. Build your own commercial protection package.
the insurer's Enhanced Commercial Fire Insurance· Same ≤₹5 Crore Range· Richer Optional Cover Menu
The Bharat Sookshma Udyam Suraksha Plus Policy (BSUS+) is the insurer's enhanced commercial fire insurance for micro and small enterprises — built on the same base as the IRDAI-standardised BSUS with a significantly richer menu of 12 optional covers. The same ≤₹5 crore limit. The same 8 in-built covers. A much bigger optional cover menu — Business Interruption, Machinery Breakdown, Accidental Damage, Liability, and more.
BSUS+ is the commercial counterpart to BGRP+ — the same "Plus" enhancement philosophy applied to micro and small enterprise fire insurance.
Unlike the standard Bharat Sookshma Udyam Suraksha Policy where terrorism is a mandatory in-built peril at no extra premium, BSUS+ treats terrorism as Optional Cover I at additional premium.
If your business is in a high-footfall urban commercial area, a market/bazaar, near a public building, railway station, or other high-risk zone: SELECT OPTIONAL COVER I when buying BSUS+. If you are upgrading from standard BSUS and assumed terrorism would remain in-built — it is NOT. Confirm with Probitas on 022 4302 0000.
Choose any combination of 12 optional covers at additional premium. From terrorism and business interruption to machinery breakdown, transit risk, and third-party liability — BSUS+ is the most customisable commercial fire product the insurer offers for micro and small enterprises.
Build your own commercial fire package — only pay for the covers your specific business actually needs
Mix and MatchThe cover that determines whether your business SURVIVES a fire or flood — pays income loss while shut for repairs
Cover V — Most CriticalMachine fails from own internal fault — no fire needed. Bakery ovens, factory machines, cold storage refrigeration
Cover VI — Machine FailureForklift rams CNC machine — no fire, no breakdown, pure accident. The gap neither fire nor breakdown covers
Cover VIII — UniqueYour fire damages the neighbouring shop. A customer is injured on your flooded premises. Legal liability covered
Cover XII — LiabilityStocks in transit covered + fire from electrical faults (short circuit, arcing) in commercial appliances
Covers IX & XGrocery, clothing, electronics, medical stores
Professional, corporate, co-working spaces
Hotels, cafés, restaurants, food service
Bakeries, food processing — high P&M risk
Small factories, workshops, printing units
Warehouses, cold chains, refrigeration-heavy
Garment shops, textile traders, fashion retail
Storage, godowns, logistics hubs
BSUS+ does NOT increase the ≤₹5 crore total value at risk limit. It gives the same micro and small enterprise bracket access to a richer optional cover menu — Business Interruption, Machinery Breakdown, Accidental Damage to P&M, and more.
Each location requires a separate BSUS+ policy. If your total insurable assets at any location exceed ₹5 crore → you need BLUS or BLUS+ for that location (₹5–₹50 crore range).
8 Automatic Benefits — Carried Forward Unchanged from BSUS
All 8 standard BSUS in-built covers are retained automatically in BSUS+ — no extra premium needed. The 12 optional covers are additions on TOP of this in-built foundation, not replacements for it.
BSUS+ retains all 8 BSUS in-built covers unchanged: additions/alterations (15% of SI), stock floater, temporary stock removal (10%), specific contents (money ₹50K + docs ₹50K + computer data ₹5L + employee effects ₹15K/20 persons), start-up expenses ₹1L, professional fees, debris removal (2% of claim), and municipal compliance costs. These all remain automatic and free.
New buildings, plant, machinery, or contents acquired during policy period automatically covered. Notify insurer within 7 days.
Up to 15% of relevant SI (excl. stocks)Stock at multiple named locations covered under one floater Sum Insured — useful for businesses with stock at shop, warehouse, and transit.
Floating across named locationsStocks sent to a sub-contractor for fabrication, processing, or finishing are automatically covered.
Up to 10% of Stock SIMoney ₹50,000· Deeds/Manuscripts/Business books ₹50,000· Computer programmes & data ₹5,00,000· Employees'/Directors'/Visitors' effects ₹15,000/person (max 20 persons)
Computer Data ₹5L + Employee Effects ₹3L maxCosts of restarting the business after a covered loss — reconnecting utilities, re-testing machinery, re-licensing, initial restart costs.
Up to ₹1,00,000 per yearArchitect's, surveyor's, and consulting engineer's fees for damage assessment and reinstatement supervision.
Included within SICosts of removing debris, dismantling, shoring up, or propping up of damaged building or machinery after an insured event.
2% of Claim AmountAdditional reconstruction costs solely to comply with updated municipal regulations or building codes at time of reinstatement.
Included within SIBuild Your Own Commercial Protection Package
Click each cover card to toggle it on or off. Your selected covers update the "Your Package" summary in real time and sync with the Get Quote form. Call 022 4302 0000 for a personalised recommendation.
BSUS+ covers PHYSICAL DAMAGE to your business. But if your bakery is shut for 3 months for fire repairs — you earn ₹0 revenue while paying ₹25,000 rent + ₹40,000 staff salaries + ₹18,000 loan EMI every month = ₹7.5L financial loss. Business Interruption (Cover V) pays this gap.
Standard BSUS does NOT cover this — and neither does the base BSUS+ without BI. For any business owner where a 3-month shutdown would be financially devastating, Business Interruption is the most critical optional cover you can add to BSUS+.
Call 022 4302 0000 for a cover recommendation tailored to your specific business and location.
Standard Base Coverage
BSUS+ covers the same commercial fire base as standard BSUS — all business assets (building, P&M, stocks, FF&E). 19 base perils, all mandatory. Terrorism must be opted as Optional Cover I.
The 19 base perils do NOT include terrorism. Add Optional Cover I (Acts of Terrorism) at additional premium when purchasing BSUS+. Essential for businesses in high-footfall urban commercial zones.
BSUS+ does not cover standalone shop burglary. Theft is covered when it occurs within 7 days of one of the 19 insured events (riot, fire, flood, etc.). For standalone burglary protection, a separate Burglary Insurance Policy is required.
Every BSUS+ claim is subject to the same ₹5,000 flat compulsory excess as standard BSUS. The insured bears the first ₹5,000 of every claim; the insurer pays the rest up to the Sum Insured. For terrorism risk (Optional Cover I): specific excess per GIC Terrorism Pool clause.
BSUS+ retains the same 85% underinsurance waiver as standard BSUS. If your SI is at least 85% of actual reinstatement value, the average clause does not apply — full claim paid up to SI without proportional reduction. Only if SI falls below 85% of actual value does the average clause apply.
Full Feature Comparison
| Feature | 🏪 BSUS — Standard (IRDAI Mandated) | 🏪✨ BSUS+ — This Product (the insurer Enhanced) |
|---|---|---|
| Product type | IRDAI mandated standard — all insurers must offer | the insurer's own enhanced commercial fire product |
| Terrorism | IN-BUILT ✔ (no extra premium) | OPTIONAL — Cover I (extra premium) |
| 8 In-built covers | Automatic ✔ | Retained automatic ✔ (same) |
| Optional covers available | 2 (floater + declaration policy) | 12 OPTIONAL COVERS |
| Business Interruption | Not prominently available | Optional Cover V ✔ ⭐ (most critical) |
| Machinery Breakdown | Separate arrangement needed | Optional Cover VI ✔ |
| Accidental Damage to P&M | NOT available | Optional Cover VIII ✔ |
| Transit Risk (Inland) | Available as add-on | Optional Cover IX ✔ |
| Electrical Clause | Not standard | Optional Cover X ✔ |
| Third-Party / Public Liability | Not standard | Optional Cover XII ✔ |
| Contractors' All Risks | Not standard | Optional Cover XI ✔ |
| Loss of Rent / Alt. Premises | Not explicitly offered | Optional Cover IV ✔ |
| Stock Declaration Policy | Standard add-on | Optional Cover VII ✔ (same + enhanced) |
| Total value at risk limit | ≤ ₹5 crore at one location | ≤ ₹5 crore (SAME — not a tier change) |
| Compulsory excess | ₹5,000 flat per claim | ₹5,000 flat (SAME) |
| Underinsurance waiver | 85% threshold | 85% threshold (SAME) |
| New for Old reinstatement | Yes ✔ | Yes ✔ (SAME) |
Call 022 4302 0000 — our commercial insurance specialist will recommend the right product and the right combination of optional covers for your specific business.
Four Covers That Set BSUS+ Apart
These 4 optional covers are unique to BSUS+ and address real operational risks that standard BSUS completely misses. Each one can be the difference between business survival and failure.
Physical damage is only half the story. Your bakery's equipment costs ₹15L to replace — BSUS pays that. But you're shut for 3 months. In those 3 months: ₹0 revenue. Still paying: ₹25,000 rent, ₹40,000 salaries, ₹18,000 loan EMI. Total gap: ₹7.5L.
BSUS+ Business Interruption (Cover V) covers this ₹7.5L gap — paying your loss of gross profit AND standing charges (rent, salaries, EMIs) for the agreed indemnity period (typically 3–12 months).
For a restaurant, garment shop, cold storage operator, or bakery — a 3-month shutdown without BI cover can mean the business never reopens.
Standard BSUS covers your ₹15L baking oven if a fire destroys it. But what about a purely mechanical failure — the oven's heating element burns out from internal fault? No fire. No flood. Just a machine breakdown.
BSUS+ Machinery Breakdown (Cover VI) covers sudden physical damage to P&M from internal mechanical or electrical failure — the breakdown of the machine itself without any external cause.
Essential for: bakeries (ovens, industrial mixers), restaurants (kitchen equipment, AC), cold storage (refrigeration compressors), manufacturing units (factory machines), printing shops (presses, laminators), garment units (sewing machines, cutting machines).
Standard BSUS: machine damaged by fire → covered.
Machinery Breakdown (Cover VI): machine breaks from internal fault → covered.
But what about: a factory worker accidentally reverses a forklift into a ₹5L CNC machine — not a fire, not the machine's own fault — just an accident? A generator is accidentally damaged during internal movement of stock?
BSUS+ Accidental Damage to P&M (Cover VIII) covers sudden and unforeseen accidental damage to Plant, Machinery, and Equipment from any external or internal cause — that isn't a named fire/flood peril or a mechanical breakdown.
A fire at your shop can spread to the neighbouring premises — they will claim damages against you. A rioter is injured on broken glass from your display window — medical and legal costs. A customer slips and falls during your flood-damaged premises evacuation — injury claim.
All of these create legal liability of your business to third parties — customers, visitors, neighbouring businesses — for bodily injury and/or property damage.
BSUS+ Third-Party Liability (Cover XII) covers your legal liability arising from an insured event at your business premises — up to the policy limit. Particularly important for businesses in shared commercial complexes, crowded markets, and high-footfall retail environments.
Who Can Buy BSUS+
BSUS+ is a per-location policy. The ≤₹5 crore limit applies to ONE specific location. If you have multiple business locations, each needs its own BSUS+ policy. If any single location exceeds ₹5 crore → BLUS or BLUS+ for that location.
BSUS+ continues until policy expiry if assets cross ₹5Cr mid-year. At renewal, switch to BLUS (₹5–₹50Cr standard) or BLUS+ (₹5–₹50Cr enhanced) for that location. Call Probitas 022 4302 0000 to discuss the upgrade.
Own or rent a shop. Building + stock + liability.
Covers V, VII, XIIMachine-dependent; fire & breakdown high risk.
Covers V, VI, XP&M heavy; accidental damage + transit + breakdown.
Covers VI, VIII, IXRefrigeration breakdown + fluctuating stock.
Covers VI, VII, VIIIHow to File a Claim
BI claims require financial evidence of the gross profit loss: P&L accounts for the previous 2–3 years, monthly revenue records, fixed cost breakdown (rent, salaries, EMIs), bank loan EMI schedule. Submit these financial statements alongside the standard claim documents. For BI claims above ₹5 lakh, appoint an independent Loss Assessor to help quantify and present your loss.
For structural damage and P&M claims — do NOT demolish or carry out permanent repairs before the insurer's surveyor inspects. Temporary safety measures (shoring, covering exposed areas, separating damaged from undamaged stock) are permitted — document all costs and photograph everything.
Call 022 4302 0000 immediately. Lodge Police FIR for fire, RSMD, terrorism, theft. Revenue Dept. certificate for flood/earthquake. Terrorism (Cover I): GIC Pool claims process applies.
Photograph ALL damage — building, P&M, stocks. Segregate damaged from undamaged stock. Do NOT carry out permanent repairs. Secure premises to prevent further loss.
Prepare stock inventory at time of damage. Compare against last stock register. Compile purchase invoices and production records. For Declaration Policy (Cover VII): confirm current declaration period stock value.
Licensed IRDAI surveyor appointed for all claims above ₹75,000. New for Old assessment for P&M. For BI (Cover V): additional financial assessment. For Machinery Breakdown (Cover VI): separate technical assessment of failure cause.
Claim Form, Policy, Photos, Surveyor report, Repair estimate/invoice, Stock register + invoices, Police FIR, Revenue Dept. certificate, Bank details (NEFT). BI: P&L accounts, monthly revenue records. Machinery Breakdown: machine failure technical report. Liability: third-party legal notice.
BSUS+ settles at reinstatement value (New for Old) for building and P&M. Stock at appropriate basis. ₹5,000 excess deducted per claim. IRDAI TAT: 30 days from complete documents. BI: settled over the indemnity period.
Illustrative Scenarios — BSUS+ Optional Covers in Action
| Parameter | Bakery Fire + BI + Breakdown (Delhi) | Garment Shop + Transit + Riot + Liability (Surat) | Cold Storage + Accidental Damage + Flood (Chennai) |
|---|---|---|---|
| Business | Sapna's Premium Bakery, Karol Bagh, Delhi | Meena's Garments, Ring Road, Surat | TamilFresh Cold Storage, Ambattur, Chennai |
| Optional Covers | I (Terrorism) + V (BI 3M) + VI (Machinery) + X (Electrical) | I (Terrorism) + IX (Transit) + XII (Third-Party Liability) | VII (Stock Declaration) + VIII (Accidental Damage P&M) + V (BI) |
| Event(s) | Event 1: Electrical fire — oven/mixer destroyed; bakery shut 3 months. Event 2 (separate): Oven breakdown from internal fault 2 months later | Event 1: Riot — shop facade smashed; stock looted (7-day rule). Event 2: Rioter injured on broken glass. Event 3: Transit stock damaged in vehicle fire | Event 1: Forklift accidentally damages cold room compressor panel. Event 2: Monsoon flood — building wall + fish stock (₹35L at time) |
| P&M / Building / Stock Claim | P&M: ₹10,00,000 (new ovens/mixers — N4O) Stock: ₹1,80,000 Electrical: ₹1,00,000 | Building: ₹3,50,000 (facade/window) Stock theft: ₹6,00,000 (at cost) | Accidental damage: ₹8,50,000 (compressor) Building: ₹6,50,000 Stock: ₹35,00,000 (at landed cost) |
| Optional Cover Claims | BI: ₹3,00,000 (3 months gross profit + standing charges) Start-up (in-built): ₹80,000 Debris (in-built): ₹24,000 Machinery Breakdown (Event 2): ₹1,20,000 (separate claim) | Liability (Cover XII): ₹1,50,000 (rioter medical + legal) Transit (Cover IX): ₹4,50,000 (transit stock at cost) Debris (in-built): ₹19,000 | BI (Cover V): ₹5,00,000 (30 days partial shutdown) Note: Declaration Policy confirms stock ₹35L at time of claim; premium adjusted on average declaration ₹80L/year |
| Excess | (₹5,000) per claim | (₹5,000) per claim | (₹5,000) per claim |
| Total Claim Paid | ₹16,79,000 + ₹1,15,000 (breakdown) | ₹16,64,000 | ₹55,45,000 |
| What standard BSUS would have paid | P&M ₹10L + stock ₹1.8L + start-up ₹80K = ₹12.55L (NO BI, NO electrical, NO breakdown cover) | Building ₹3.5L + stock ₹6L = ₹9.5L (NO liability, NO transit cover) | Building ₹6.5L + stock ₹35L = ₹41.5L (NO BI, NO accidental damage) |
* Illustrative only. Actual claims subject to policy terms, surveyor assessment, and documentation. BI claims require financial statements. All claims subject to ₹5,000 compulsory excess.
Common Questions
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