Who Should Opt for Industrial All Risk Insurance?

This cover is ideal for:

• ✔ Medium to large manufacturing units
• ✔ Process industries (chemical, pharma, food, engineering, etc.)
• ✔ Factories with high-value plant and machinery
• ✔ Continuous production or automated facilities
• ✔ Businesses where downtime leads to heavy financial losses

If your factory relies on critical machinery and uninterrupted operations, this cover deserves serious consideration.

What Does Industrial All Risk Insurance Cover?

• ✔ Fire and all Special Perils
• ✔ Machinery breakdown (mechanical and electrical)
• ✔ Accidental damage to plant and equipment
• ✔ Electrical failures and short circuits
• ✔ Boiler and pressure plant risks (if included)
• ✔ Other sudden and unforeseen physical losses

Unlike basic fire insurance, IAR provides wide protection through a single comprehensive policy.

What Assets Are Covered Under IAR?

• ✔ Factory buildings and civil structures
• ✔ Plant, machinery, and production equipment
• ✔ Electrical installations, panels, and control systems
• ✔ Utilities, tools, and accessories
• ✔ Stock and raw materials (as declared)

Correct asset identification and valuation are critical for proper coverage and claim settlement.

Industrial All Risk vs Fire & Special Perils Insurance

Fire & Special Perils Insurance:

• ✔ Covers fire and allied perils
• ✔ Does not cover machinery breakdown
• ✔ Requires multiple policies for complete protection

Industrial All Risk Insurance:

• ✔ Covers fire, machinery breakdown, and accidental damage
• ✔ Single comprehensive policy
• ✔ Fewer exclusions and better claim certainty

For asset-heavy factories, IAR is a superior risk management solution.

Why IAR Claims Fail or Get Reduced

Common reasons include:

• ✔ Incorrect or outdated asset valuation
• ✔ Under-insurance to save premium
• ✔ Improper declaration of machinery details
• ✔ Inadequate risk mitigation measures

These issues usually surface only after a major loss, when correction is no longer possible.

How We Help at JSR Insurance Marketing LLP

• ✔ Evaluate factory layout, processes, and asset profile
• ✔ Assess fire, machinery, and operational risks
• ✔ Ensure correct valuation and appropriate sum insured
• ✔ Structure IAR with relevant extensions
• ✔ Assist in claims and conduct periodic policy reviews

Our focus is adequate protection, compliance, and smooth claim settlement.

How This Fits Into Asset Protection Planning

• ✔ Business Interruption Insurance
• ✔ Marine Cargo and Transit Insurance
• ✔ Public and Product Liability Insurance
• ✔ Cyber and other operational risk covers

Together, these create a holistic asset and operations protection framework.