An Industrial Special Risks Insurance policy is suitable for medium to large organisations who engage in a diverse range of business activities, across multiple locations. Industrial Special Risk Insurance is designed to protect you from damage and consequential loss to your physical assets, including buildings, stock, plant and machinery.
Who needs it?
If you are a Business or Commercial Property Owner with Insured Property or high value assets over the value of $5 Million, you should consider getting Industrial Special Risk Insurance. The minimum asset values may vary from Insurer to Insurer.
It can cover things such as:
Loss or damage to premises, plant nd machinery and contents, plus property belonging to directors and employees of the company
Loss of profits and increased expenses resulting from damage to insured property and damage to property housed with suppliers or customers
Burglary, theft and employee dishonesty
Accidental damage and glass breakage
Costs associated with the removal of debris
Costs associated with the re-writing of records
Damage to money, other than through embezzlement or negligence by a money carrier