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Industrial All Risks

Your machinery could breakdown, your office could have water leakages or your factory could get lit on fire.
What are the consequences and how tough is the recovery?

What is Industrial All Risks Insurance?

Industrial All Risks or IAR is an insurance policy that covers any loss or damage to your property. It is considered as a wider and more comprehensive cover than the traditional "fire" insurance.

What does Industrial All Risks cover?

Although there may be variances between each policy and insurer, the general coverage for cause of damage or loss to your property are as follows:

  • Fire
  • Lightning
  • Explosion
  • Windstorm
  • Aircraft
  • Earthquake
  • Water damage
  • All direct and unforeseen physical loss other than exclusions
It must be emphasized that there can be additional coverages and the policy can be tailored to the unique risks that the business possess. There can also be deductibles on certain perils. It is also important to keep an eye on the valuations of buildings, stocks, machines and other contents, as it could minimize complications in the event of a claim.

Is Industrial All Risks Insurance important?

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 highly advocated. This is because IAR covers all perils, including accidental damage as well as sudden and unforeseen loss, unless those perils are stated as exclusions in the policy. It is often that when a loss happens, even if the cause is just from fire, the damage is far more than what is covered under a fire policy, but with IAR, the losses can be mitigated in a manner that leaves promise for recovery. 

Who needs Industrial All Risk Insurance?

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 IAR can alleviate the costs should it get damaged.

How much does an Industrial All Risks policy cost?

The premium varies from one policy to another as the following factors play a part in determining the premium:

  • Occupation
  • Sum insured
  • Area and its surroundings
  • Existing risk management policies
  • Extension coverage


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.

Important Disclosure

The content provided is for informational and educational purposes only. The coverage written may not be applicable to all situations and policies. Terms, conditions and qualifications are also subject to circumstance and supplementary material. For more information, please contact us via the enquiry form below..

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