Industrial All Risk Insurance Policy
Industrial All Risk Insurance Policy in India
Comprehensive Coverage for Industrial Risks
In today’s industrial landscape, businesses face a variety of risks, from machinery breakdowns to natural disasters. An Industrial All Risk (IAR) Policy offers complete protection, ensuring businesses stay resilient in the face of uncertainty. At Newgen Insurance Broking Pvt. Ltd., we provide tailored industrial all risk insurance solutions to safeguard your assets, machinery, and operational continuity.
Whether you run a manufacturing unit, a warehouse, or a large-scale industrial facility, our all risk insurance policy is designed to mitigate financial losses due to unforeseen circumstances.
What is an Industrial All Risk Insurance Policy ?
An Industrial All Risk (IAR) Insurance Policy is a comprehensive cover designed for large industrial and manufacturing businesses. Unlike standard fire and peril insurance, an IAR policy provides wider coverage, including damage caused by accidents, breakdowns, and external perils.
This policy is ideal for industries that require high-value asset protection, including:
- Manufacturing plants
- Warehouses & storage facilities
- Construction & infrastructure projects
- Power plants & energy sectors
- Engineering and heavy industries
Coverage Under an Industrial All Risk Policy
At Newgen Insurance Broking Pvt. Ltd., our industrial all risk insurance covers a broad range of risks, including:
Material Damage Coverage
- Fire, explosions, lightning, and natural calamities (earthquakes, floods, storms, etc.)
- Accidental damage due to electrical or mechanical failures
- Burglary, theft, and vandalism
- Machinery breakdown coverage
Business Interruption Losses
- Financial protection against operational downtime
- Coverage for loss of profits due to insured risks
- Additional expenses incurred to resume business operations
Third-Party Liability Protection
- Coverage for legal liabilities due to third-party injuries or property damage
- Protection against claims from customers, vendors, and employees
Construction & Erection All Risks Insurance
- Coverage for construction and installation projects
- Protection against unforeseen damages during assembly and erection
Why Choose Newgen Insurance Broking Pvt. Ltd. for Industrial All Risk Insurance ?
1. Tailored Policies for Your Industry
We understand that every industrial sector has unique risks, and we customize policies to provide the most relevant coverage.
2. Trusted Insurance Brokers
We partner with top all risks insurance brokers ltd to bring you the best coverage options at competitive rates.
3. Quick Claims Assistance
Our streamlined claims process ensures fast settlements so you can focus on business continuity.
4. Competitive Premiums & Flexible Plans
We offer affordable all risk insurance policies with flexible payment plans, ensuring protection without financial strain.
5. Pan-India Coverage
From Mumbai to Delhi, Bengaluru to Pune, our policies cover industrial businesses across India.
How is Industrial All Risk Insurance Different from Fire & Perils Insurance ?
Feature | Industrial All Risk Insurance | Fire & Perils Insurance |
Scope of Coverage | Comprehensive, covering multiple risks | Limited to specific perils |
Business Interruption Coverage | Included | Not included |
Machinery Breakdown Protection | Included | Not included |
Third-Party Liability | Included | Not included |
What’s NOT Covered? (Exclusions of SFSP Policy)
If you operate a business in manufacturing,engineering, construction, warehousing, or heavy industries, this policy is a must-have. Some of the industries that benefit from industrial all risk policies include:
- Manufacturing Units
- Power & Energy Companies
- Real Estate & Infrastructure Projects
- Large Warehouses & Storage Facilities
- Heavy Machinery Plants
Get the Best Industrial All Risk Insurance in India
Call Us for a Free Consultation
Have questions about industrial all risk insurance? Our expert advisors are here to help.
Indore Office
412, Apollo Premier, Vijay Nagar Square, Indore (M.P.) 452010
Pune Office
MVPM Spark, 128/4, near Balewadi High Street, Balewadi Phata, Baner, Pune, Maharashtra 411045
Email Us: info@insuranzee.com
Emergency Helpline: +91-7745940945 | +91-9584466099 | +91-8085057857
Get a Custom Quote Today! Protect your business with the best all risk insurance broker in India.
FAQs on Industrial All Risk Insurance Policy
1. What does an Industrial All Risk Insurance policy cover ?
It covers fire, explosions, theft, machinery breakdown, business interruption, and third-party liabilities, ensuring full protection for industrial businesses.
2. How is Industrial All Risk Insurance different from standard fire insurance ?
Unlike fire & perils insurance, which covers only specific named risks, IAR insurance provides comprehensive coverage, including business interruptions and equipment failures.
3. Can construction companies benefit from this policy ?
Yes! Construction & erection all risks insurance provides full protection against damages and delays during project execution.
4. How can I buy an Industrial All Risk Insurance policy in India ?
You can get a policy through Newgen Insurance Broking Pvt. Ltd. by contacting us via email, phone, or visiting our office. We also offer online consultations for hassle-free policy issuance.
5. What is the claim process for Industrial All Risk Insurance ?
In case of damage or loss, report the incident immediately, submit necessary documents, and our team will guide you through a quick claim settlement process.
