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
Minimizes the need for multiple policies and simplifies risk management by subjecting to the inclusive/exclusive terms and conditions of each respective policy.
Simple & Efficient
Offers a wider range of comprehensive coverage against a variety of risks - third-party liability, business interruption, property and material damage from fire and natural disasters.
Peace of Mind
Safeguards your revenue stream and fixed operational expenses, allowing you to focus on growth without having to worry about operational halts.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Anyone who legally owns the insured property or who has the legal right to claim their entitlement through litigation.
- 1. Buildings
- 2. Machinery and equipment
- 3. Goods and inventory
- 4. Furniture and fixtures
- 5. Interior decoration costs
- 6. Electrical installation costs
- 7. Business equipment and materials
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. Loss of Insured Property
- 2. Business Interruption
- 3. Third-Party Liability
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.