You can make use of this policy if you own a factory or plant.
To understand eligibility better, please read the
Our Industrial All Risks policy will cover you on an ‘All Risk’ basis as the name suggests. This means it will protect you against sudden and unexpected physical loss or damage to your insured property. This policy includes accidents and Act of God perils like hurricanes both while the equipment is in storage and actively being installed, unless specifically excluded.
There is a separate business interruption section in the policy which covers a loss in gross profit when regular business operations are interrupted by a fire or allied peril.
On paying an additional premium, you can get ‘add-on’ covers. These are:
- Business interruption cover due to machinery breakdow
- Escalation clause
- Temporary removal of stock
- Omission to insure additions /alterations
This is not an exhaustive list. For a detailed list of inclusions & other details, please read the
This policy has ‘named excluded perils’ which means there are specific risks that will not be covered. These risks are:
- War and nuclear events
- Wilful acts
- Work cessation
- Inventory losses
- Wear and tear
- Defective design
- In Business Interruption, loss of profit due to machinery breakdown
This is not an exhaustive list. For a detailed list of exclusions & other details, please read the