The Industrial All-risk policy is a comprehensive package policy, which covers almost all risks and perils a large industry may face during its operation. It is a simplified, one document, and annual policy applicable during the operational phase of the plant. It is an insurance product, which has been evolved by the insurance industry keeping in view the growing demand from our large industrial clients having big insurance portfolios. It is therefore, a premium product, which caters to the upper end of the market.
Advantages of Industrial All-Risk insurance
There are lot more add-ons available in the IAR policy that helps in covering almost all the losses faced in a factory regardless of the scale of the industry.
IAR Policy is meant for risks having Sum Insured of at least Rs.100 crores (in one or more locations). The IAR Policy covers all risks/perils other than those, which are specifically excluded.
The cover in its widest form will include the following perils/covers:
Share with us your insurance needs and we’ll get back to you with the best solution.