Industrial All Risks
What is Industrial All Risks Insurance?
This policy is designed to offer wider scope of cover on your property that encompasses accidental loss and property damage as well as business interruption coverage to which your property is exposed.
Section I – Material Damage
Covers sudden, unforeseen and accidental physical loss, destroy or damage to the property insured due to any cause other than those excluded in the policy.
Section II – Business Interruption
Covers the financial loss arising from business interruption or interference in consequence of loss, destruction or damage cover under Section 1 – Material Damage.