Industrial All Risk

Commercial Line Insurance

Key Benefits - covers Material Damage and Business InterruptionKey Benefits - covers Material Damage and Business Interruption

This is a Package Policy providing cover against Material Damage and Business Interruption. This policy provides cover against all risks/ perils other than those which are excluded in the Policy.

Section I - Material Damage
  • Architects', Surveyors and Consulting Engineers' Fee clause
  • Designation of Property Clause
  • Escalation Clause
  • Omission to insure additions, alterations or extensions clause
  • Temporary Removal of Stocks clause
Section II - Business Interruption
  • Suppliers' and Customers' Premises extension
  • Failure of Utility services at the terminal ends

Main exclusions

Material Damage

The Policy will not cover any claim due to:

  • Faulty or defective design materials or workmanship
  • Interruption of the water supply, gas, electricity or fuel systems or failure of the effluent disposal systems
  • Collapse or cracking of buildings
  • Larceny
  • Coastal or river erosion
  • Wilful act or gross negligence of the insured
  • Cessation of work, delay
  • War,warlike operations
  • Nuclear risks
  • The destruction of property by order of any public authority

Business interruption

The policy does not cover loss resulting from interruption of or interference with the business, directly or indirectly, attributable to

  • Any restriction or reconstruction or operation imposed by any public authority
  • The insured's lack of sufficient capital for timely restoration or replacement of property lost, destroyed or damaged
  • Electronic installation, computer and data-processing equipment
  • Deliberate erasure loss, distortion or corruption of information
  • Deductible stated in the schedule
  • Wilful act or gross negligence of the insured
  • Cessation of work, delay
  • War, warlike operations
  • Nuclear risks
  • The destruction of property by order of any public authority

This is not an exhaustive list.

For further details and quotation, talk to us today at 1800-103-2292 (Toll free) or visit one of branches