The Insurance Act, 2021 (Act 1061) Section 218 & 219 requires all commercial buildings to be insured against collapse, fire, earthquake, windstorm, and flood.The Standard Fire and Allied perils insurance, unlike the All Risks Insurance, is a conventional insurance coverage that protects your property and its contents against specifically named perils. The policy covers real and perosnal properties of every description against loss of or damage by Fire, Lightening and domestic Explosion, Earthquake, Windstorm, Flood, Explosion, Riot, Strike and Civil Commotion, Bursting or overflowing of water tanks pressured equipment or pipes, Malicious Damage, Impact by road vehicles and animals, Aircraft and other aerial droppings and other allied perils that can cause damage or destruction to the property. This policy is suitable for both individuals and corporate clients.