Industrial All Risk (IAR) insurance is designed to provide coverage for a wide range of risks and perils that could potentially disrupt your operations or cause financial losses. This insurance offers coverage for a diverse range of risks, including but not limited to fire, explosion, theft, burglary, natural disasters (such as earthquakes, floods, storms), machinery breakdown, accidental damage, business interruption and other unforeseen events. The policy is also customizable to meet the specific needs and risks faced by different industries and businesses.

Coverage:

• Theft and burglary
• Internal transit cover
• Damage and loss from the fire and allied perils

Exclusion:

• Collapse or cracking of buildings
• Faulty or defective design materials or workmanship
• Damage caused by any wilful act or wilful negligence
• Cessation of work, delay or loss of market or any other consequential or indirect loss
• Larceny, act of fraud or dishonesty and disappearance, unexplained or inventory shortage
• Damage caused by interruption of water supply, electricity, or fuel system or failure of the effluent disposal system
• Corrosion, rust, extremes or change in temperature, dampness, dryness, seepage, wet or dry rock fungus, shrinkage, evaporation, loss of weight, pollution, change in colour, vermin, insects, marring or scratching