Industrial All Risk Insurance
Providing coverage for accidental loss or damage to buildings, machinery and equipment, furniture, and stock.
Key Benefits
Comprehensive protection designed for your peace of mind.
Comprehensive Coverage
Protect your goods during transportation within Myanmar, with our comprehensive Inland Transit Insurance.
Simple & Efficient
Secure your foods with a single insurance policy that covers their journey from origin to final destination.
Peace of Mind
Focus on your business while our dedicated team ensures your goods are protected throughout the journey.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Anyone who owns property or has a legal duty to protect property can get insurance.
- For coverage of all items in the premises, see below:
- 1. Building
- 2. Machinery
- 3. Furniture, Fixture and Fitting
- 4. Stocks (raw materials, finished goods)
Policy Term
- 1. Minimum policy term 3 months
- 2. Maximum policy term 1 year (renewable on a yearly basis)
Premium Rating
- 0.21% to 1.5% on sum insured (Purchase value or replacement value of the insured properties)
- Subject to
- 1. depending on the risks of occupancy
- 2. other underwriting factors
Basic Coverage
- 1. unforeseen and sudden physical loss such as machinery breakdown or damage
- 2. property and material damage from natural risks such as fire, flood, storm, earthquake
Additional Coverage
- 1. coverage for business income loss
- 2. protection against claims from third-party injury or property damage.
Frequently Asked Questions
Common questions about our insurance coverage.
What is IAR Insurance?
IAR Insurance provides comprehensive coverage for businesses against a wide range of unforeseen physical loss or damage, unless specifically excluded.
Why is IAR Insurance important?
It provides broad protection, reduces financial risk, and ensures business continuity after unexpected losses.
Is theft covered under IAR?
Yes, theft and burglary are typically covered, subject to the policy's terms and conditions.
What is meant by “All Risks” coverage?
It means all risks are covered except for those specifically listed as exclusions in the policy.
Does IAR cover business loss?
Yes, it can include Business Interruption or Business Loss coverage to compensate for loss of income after an insured event.