Industrial All Risks

An IAR policy covers practically all risks and perils on your property that a business may encounter during its operation. Unlike fire insurance, no named perils are needed for coverage. As each business has different demands and unique risks, it also allows extension coverage. Whether you are a small sized, medium sized, or large organization, the policy intends to you protect you financially from potential risks from unexpected accidents or natural disasters, based on the value of insured properties specified in the policy. Thus, it is recommended to keep an eye on valuations of buildings, stocks, machinery, fixtures, fittings and other contents to avoid complications in the event of a claim.

Traditionally, businesses who are less willing to spend on insurance often only take out fire insurance. However, IAR covers and protects businesses' risks in a more comprehensive manner and is more cost effective than fire insurance. Afterall, your business property allows your business to function and having broader protection from risks and perils is often a sensible decision. Hence, IAR can mitigate the losses far more than fire insurance, leaving more promise for recovery and a bigger peace of mind.

Given the name "All Risks", we recommend that all types of business and industries should have IAR in their insurance locker. Whether you are a restaurant, retail shop, factory, commercial building or office, there are contents that could potentially get damaged and an IAR policy can alleviate the financial burden.

We are highly equipped to handle IAR claims as our team has deep experience and has handled a variety of claims ranging from small-scale to large sums. At CHAZ, we have seen the evolution of the IAR solution to businesses throughout the years and we continue to put our utmost effort in ensuring exhaustive coverage is met with a reasonable price.

The content provided is for informational and educational purposes only. The coverage written may change without notice and may not be applicable to all situations and policies. Terms, conditions and qualifications are also subject to circumstance, supplementary material and underwriting. CHAZ Insurance Brokers Ltd. is not liable for any discrepencies should there be any. For more information, please contact us via the enquiry form below.