Industrial All Risk

Scope of Cover

A comprehensive coverage for the Industrial risks having overall Sum Insured of Rs. 100 crores and above in one or more locations in India. The Policy covers not only the Physical Losses or damage but also consequential losses arising out of the business interruption due to accidental unforeseen physical loss or damage to property.

Policy Structure

• Section – I - Material Damage which includes Fire & Allied perils, theft, Burglary, Machinery Breakdown, Boiler Explosion, Electronic equipment, etc
• Section – II - Business Interruption - Fire Loss of Profit and Machinery Loss of Profit (MLOP is optional).

Coverage

IAR is an all Risk policy subject to specified exclusions in the policy.

• Deliberate erasure loss distortion or corruption of the information
• Deductible stated in the schedule.