Industrial All Risk Insurance Policy

Comprehensive coverage for property damage, machinery breakdown, and business interruption with ₹50 crores minimum coverage

Comprehensive Coverage for Industrial Excellence
Industrial All Risk Policy is a comprehensive insurance solution covering various risks for industrial and manufacturing units. It includes protection against physical damage, machinery breakdown, and business interruption losses with minimum ₹50 crores coverage per location.
₹50+ Crores Coverage
Material Damage
Machinery Breakdown
Business Interruption
Who is Eligible for Industrial All Risk Policy?
Eligibility criteria for Industrial All Risk Insurance Policy
Industrial and manufacturing units
Large-scale industrial facilities
Minimum ₹50 crores sum insured per location
Substantial industrial risk operations
Property owners with insurable interest
Manufacturing enterprises
What is Covered Under Industrial All Risk Policy
Material Damage - Physical loss or damage to buildings, machinery, equipment, and stock
Machinery Breakdown - Sudden and accidental breakdown coverage with repair costs
Business Interruption - Coverage for gross profit losses and additional expenditure
Additional Covers Under Industrial All Risk Policy
Enhanced protection features included in the policy
Boiler explosion and pressure vessel coverage
Electronic equipment insurance
Architects' and surveyors' fees
Debris removal costs
Temporary removal of stocks (up to 60 days)
Start-up expenses after damage
Professional indemnity coverage
Assets Covered
Buildings, structures, and all fixtures
Plant and machinery including spares
Stock - raw materials, semi-finished and finished goods
Electrical and electronic installations
Furniture, office equipment, and computers
Fire safety and security equipment
Property Not Covered
Money, cheques, stamps, bonds, credit cards, securities
Jewelry, precious stones, precious metals, bullion
Vehicles licensed for road use, aircraft, watercraft
Property under construction, demolition, or erection
Land, roads, dams, reservoirs, mining property
Livestock, growing crops, or trees
Documents, manuscripts, business books (unless specified)
Works of art, curiosities, rare books (unless specified)
Exclusions Under Industrial All Risk Policy
Standard exclusions that apply to the policy coverage
Faulty or defective design, materials, or workmanship
Inherent vice, latent defect, gradual deterioration, wear and tear
Interruption of utilities unless damage by covered cause ensues
Collapse or cracking of buildings, corrosion, rust
Temperature changes, dampness, pollution, contamination
Larceny, acts of fraud or dishonesty, inventory shortage
Coastal or river erosion, normal settlement of structures
Willful acts or negligence by the insured
War, invasion, civil war, mutiny, civil commotion
Nuclear weapons material, ionizing radiations
Business Interruption Coverage & Exclusions
Coverage details and exclusions for business interruption section

Coverage Includes:

Losses due to business interruption from insured damage
Loss of gross profit due to reduced turnover
Additional expenditure to avoid or reduce turnover loss

Exclusions:

Public authority restrictions on reconstruction
Capital insufficiency for timely restoration
Lease or license suspension, lapse, or cancellation
Boiler and machinery damage
Electronic installations and computer equipment damage
Mechanical or electrical breakdown losses
Specified deductible amounts
Industrial All Risk vs Standard Fire & Special Perils Policy
Key differences between policy types

Scope of Coverage

Industrial All Risk

Comprehensive coverage including material damage, machinery breakdown, boiler explosion, electronic equipment insurance, and business interruption

Standard Fire & Special Perils

Covers loss or damage due to fire and specified perils like lightning, explosion, aircraft damage, riot, storm, cyclone, flood

Eligibility and Sum Insured

Industrial All Risk

Requires minimum sum insured of ₹50 crores per location for large industrial risks

Standard Fire & Special Perils

Available to wider range of businesses without specific minimum sum insured

Machinery & Business Interruption

Industrial All Risk

Includes machinery breakdown and business interruption losses as standard coverage

Standard Fire & Special Perils

Does not inherently cover these; can be added as separate endorsements

Customization

Industrial All Risk

Highly customizable with various clauses such as Agreed Bank Clause, Architects' Fees Clause

Standard Fire & Special Perils

Customization possible but less flexible

How Does Industrial All Risk Policy Help?
Financial protection against physical damage to industrial property
Coverage for machinery breakdown and replacement costs
Business interruption support during operational disruptions
Professional assistance for complex claim documentation
Risk mitigation guidance for industrial operations
Comprehensive coverage under a single policy framework
Benefits of Industrial All Risk Policy

Comprehensive Protection

All-risk coverage for material damage, machinery breakdown, and business interruption in one policy.

Large Industrial Coverage

Designed for substantial industrial risks with minimum ₹50 crores coverage per location.

Machinery Breakdown

Covers sudden and accidental machinery breakdown with repair and replacement costs.

Business Continuity

Business interruption coverage ensures financial protection during operational disruptions.

Customizable Coverage

Highly customizable with various additional clauses and coverage options.

Why Choose Xtratrust for Industrial All Risk Policy
Specialized expertise for large-scale industrial insurance needs
Expert Risk Assessment – Comprehensive evaluation of industrial risks and hazards
Competitive Premium Rates – Best rates through comparison across multiple insurers
Dedicated Claim Support – Specialized assistance for complex industrial claims
Policy Customization – Tailored coverage based on specific industrial requirements
24/7 Customer Support – Round-the-clock assistance for policy management
Risk Management Guidance – Professional advice on risk mitigation strategies
Frequently Asked Questions
Common queries about Industrial All Risk Insurance Policy

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