INDUSTRIAL SPECIAL RISKS INSURANCE
a wide coverage business insurance policy that provides cover for a range of loss scenarios or damage done to high value physical assets including property, buildings, materials and machinery.
Who should consider it?
Industrial Special Risk Insurance is designed for medium to large, more diverse businesses where it is more practical to combine several individual policies into one. If you are a medium or large Business or Commercial Property owner with Insured Property or high value assets over the value of $5 million, you should consider getting Industrial Special Risk Insurance. Please note that minimum values do vary by Insurer.
What can it cover?
An ISR Insurance Policy provides cover for property damage to your valuable assets by any cause not excluded under your policy. Cover can include:
Loss and/or damage to buildings, plant and machinery, contents, stock, raw materials, unregistered vehicles and the property of Directors and employees
Loss of profits, revenue or rentals and/or increased expenses caused by damage to insured property
Loss of profits, revenue or rentals and/or increased expenses caused by contingent damage to property at the premises of suppliers, customers and utilities
Burglary, theft of money and employee dishonesty
Accidental damage and glass breakage