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Industrial All Risk
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| Industrial All Risk |
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| Scope of Cover |
| A comprehensive coverage for
the Industrial risks having overall Sum Insured of Rs.
100 crores and above in one or more locations in India.
The Policy covers not only the Physical Losses or damage
but also consequential losses arising out of the business
interruption due to accidental unforeseen physical loss
or damage to property. |
| This is a package
policy with the following covers: |
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Fire and Special Perils
including Flood, Storm, Tempest |
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Earthquake, Fire & Shock |
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Consequential Loss (Fire) |
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Machinery Breakdown, Boiler Explosion,
Electronic Equipment |
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Machinery Breakdown - Optional |
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| Coverage Includes |
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Fire and Special Perils
including Earthquake |
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Consequential Loss (Fire) |
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Machinery Breakdown, Boilers Explosion,
Electronic Equipment |
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Machinery Loss of profit (optional)
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Terrorism Damage (optional) |
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| General Exclusions |
| Exclusion
under Section 1 (Material Damage) |
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Faulty or defective design
material or workmanship |
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Interruption of the water supply,
gas, electricity or fuel system or failure of the
effluent disposal system |
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Collapse or cracking of building |
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Act of fraud or dishonesty |
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Larceny |
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Coastal or river erosion |
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Normal settlement or bedding down
of new structures |
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Any wilful act or wilful negligence
on the part of the insured |
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Cessation of work, delay |
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War invasion or war like situation
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Nuclear weapons/ionizing radiations
or contamination by radioactivity. |
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| Exclusion
under Section 2 (Business Interruption) |
| This policy doesn't cover
loss resulting from interruption of or interference with
business directly or indirectly attributable to: |
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Any restriction or reconstruction
or operation imposed by any public authority |
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The insured's lack of sufficient capital
for timely restoration or replacement of property
lost destroyed or damaged |
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Electronic installation computer and
data processing equipment |
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Deliberate erasure loss distortion
or corruption of the information Deductible stated
in the schedule |
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Premium Calculation