Industry Special Risk

Industrial Special Risks Insurance (ISR) provides property damage cover and consequential loss cover by any cause not specifically excluded by the policy.  It is typically the broadest and the most flexible property policy available and is recommended for commercial clients with insured values greater than a specified dollar value as per Insurer.

An ISR policy can cover the following:

• Loss and/or damage to buildings, plant and machinery, contents, stock, raw materials, unregistered vehicles and the property of directors and employees
• Loss of profits, revenue or rentals and/or increased expenses caused by damage to insured property and also by contingent damage to property at the premises of suppliers, customers and utilities.
• Burglary, theft of money and employee dishonesty
• Accidental damage and glass breakage
• Removal of debris, extra costs or re-instatement, re-writing of records and professional fees

Note: The name Industrial Special Risks is actually quite misleading as it appears to indicate a policy designed specifically for businesses that are manufacturers or that own a factory – however this is not the case; ISR policies provide cover for a wide range of clients