Industrial All Risk

This policy is a Compehensive Package Policy which covers almost all risks and perils, which a large industry may face during its operation.This policy covers Buildings, Machinery, Furniture, Fixtures, Fitting & electrical installations on Reinstatement value, while the stock is covered on market value basis. Underinsurance on each item of the schedule will be ignored if it does not exceed 15% of sum insured. Policy also covers equipment and machinery sent for repairs outside the premises for a period of 60 days. Transit risk inside the compound of an industry is also covered.