Industrial All Risk

Main Features:

• All industrial risks (irrespective of Sum Insured) in one or more locations in India shall be eligible for Industrial All Risks Policy.
• This is a wider cover than the Standard Fire and Special Perils policy.

Coverage: The cover in its widest form will include the following:

1. Section I
   • Material Damage including Fire & all special perils.
   • Burglary
   • Machinery Breakdown
   • Boiler Explosion
   • Electronic Equipment Insurance
2. Section II
   • FLOP (Fire Loss of Profit)
   • MLOP (Machinery Loss of Profit) – Optional

Salient Features:

1. Comprehensive, convenient, and cost-effective policy.
2. Losses due to Fire, Fire LOP, MBD, and MLOP (if opted) are covered.
3. Transit risk inside the industrial compound is covered.
4. Under-insurance up to 15% is waived.

Note: Policy details given are indicative, not exhaustive. Please contact your nearest NIA office for further details.