A sprayable granite-like coating composition useful for forming simulated stone surfaces, such as polished granite, which have improved fire resistance. The coating composition comprises gel resin matrix based on unsaturated crosslinkable polyester or acrylic resins, a free radical initiator for said resin, a hydrated inorganic salt, granules comprising thermoset resins or mixtures of thermoplastic and thermoset resins containing an inorganic filler and as a binding agent comprising the acrylate phosphate.