Industrial All Risks
This Policy Covers damage to the stock of products, building and properties inside from natural perils such as flood, windstorm, tsunami, hail, other perils such as fire, lightning, explosion, collision with other vehicles, burglary with forcible entry trace, robbery, gang robbery and accidents. The insurance is suitable for an enterprise which has production and stock of products apart from product selling. This type of business may require more coverage other than fire. This insurance policy covers loss and damage from other perils and accidents.
Covers physical damage to the insured property from following accidents which are not included in the exclusion of the insurance policy;
- Natural perils such as windstorm, hail, flood, earthquake, wildfire
- Other perils such as fire, lightning, smoke, explosion, water damage, Collision with vehicle or aircraft devices or articles dropped therefrom, riot, strike, brutal act, malice
- Accidents such as products fall down, machinery has been damaged from collision by forklift, etc.