Industrial All-Risk Insurance

Complete protection for your industrial operations

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

  • Complete coverage for the risks that threaten the industrial unit.
  • Covers an exhaustive list of perils under the Material Damage section.
  • Option of coverage for Machinery Loss of Profits.
  • Loss through interruption and interference of business covered.
  • Discount on premiums if higher deductibles are chosen.

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.

    Basic coverage

    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:

    • Fire and all Special Perils.
    • Burglary.
    • Machinery Breakdown/Boiler .Explosion/Electronic Equipment Insurance.
    • Business Interruption (Fire and all Special Perils)
    • Machinery Loss of Profit cover is optional.

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