Industrial All Risk Insurance Policy
Comprehensive Protection for Your Property Against a Wide Range of Risks
The Industrial All Risks Insurance Policy offers comprehensive protection for your industrial unit against accidental damage, business interruptions, and consequential losses. With coverage up to Rs. 100 crore, it safeguards your operations, machinery, and equipment from unforeseen risks, ensuring minimal disruption and financial impact.
Key Benefits
- Complete coverage for the risks that threaten the industrial unit.
- Covers an exhaustive list of perils under the Material Damage section.
- The option of coverage for Machinery Loss of Profits.
- Loss through interruption and interference of business covered.
- Discount on premium if higher deductibles are chosen.
Health Cover Up
to ₹50 Lacs
What is Industrial All Risk Insurance Policy?
The Industrial All Risk Insurance Policy provides broad coverage for industrial units, protecting against accidental damage, equipment breakdowns, and business interruptions. It ensures financial security for valuable assets and helps maintain operations during unforeseen events, minimizing production disruptions and financial losses.
Why do you need Industrial All Risk Insurance Policy?
Asset Protection Made Easy
Shield your machinery, equipment, and infrastructure against unexpected risks.
Minimize Financial Losses
Ensure business continuity with coverage for accidental damage and production interruptions.
Safeguard Against Downtime
Protect your business from costly shutdowns and operational disruptions.
Peace of Mind for Industrial Operations
Focus on growth while we protect you from unforeseen risks and costly accidents.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Industrial All Risk Insurance Policy cover and exclude?
Plan Coverage
Accidental Property Damage
Covers damage to property due to unexpected accidents, including machinery breakdown.
Comprehensive Asset Protection
Provides protection against a wide range of risks that could damage physical assets.
Machinery Breakdown
Covers the cost of repair or replacement of machinery in the event of sudden breakdowns.
Business Interruption Coverage
Compensates for the loss of income due to interruptions caused by property damage.
Natural Disaster Protection
Includes coverage for damage caused by natural events like floods, storms, and earthquakes.
Loss of Profits
Reimburses lost profits resulting from operational downtime due to property damage.
Debris Removal
Covers the cost of clearing debris after damage to allow restoration of business operations.
Optional Add-ons for Specific Coverage
Optional coverage for additional risks like machinery breakdown and other specialized needs.
Major Exclusions
Utility System Interruptions
Excludes coverage for interruptions in water, gas, electricity, or fuel systems.
Structural Failures
Does not cover structural damage due to the collapse or cracking of buildings.
Erosion Damage
Excludes any direct or indirect damage caused by coastal or river erosion.
Willful Acts or Negligence
Does not cover damage resulting from intentional actions or gross negligence by the insured.
Work Cessation or Delay
Excludes losses caused by the cessation or delay of work, unless due to insured risks.
War and Warlike Operations
No coverage for damage resulting from war, civil unrest, or warlike operations.
Nuclear Risks
Excludes any damage arising from nuclear incidents or contamination.
Government-Mandated Destruction
Does not cover intentional property destruction ordered by public authorities.
Your Journey to Insurance Manager
When can I Claim?
A claim under Industrial All Risk Insurance Policy can be registered in the below circumstances:
- Accidental Damage – When property, machinery, or equipment is damaged due to an unforeseen accident.
- Business Interruption – If operations are halted due to damage or breakdown, leading to loss of income.
- Natural Disasters – In case of damage caused by events like floods, earthquakes, or storms.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
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