Page 415 - IC38 GENERAL INSURANCE

I. Industrial All Risks Insurance
The Industrial All Risks Policy was designed to cover, industrial properties – both
manufacturing and storage facilities, anywhere in India under one policy. It
provides indemnification against material damage and business interruption.
Usually, the policy provides cover for the following:
i. Fire and specified perils as per fire insurance practice,
ii. Burglary (except larceny)
iii. Machinery breakdown / boiler explosion / electronic equipment
iv. Business interruption following operation of perils mentioned above
(Note: Business interruption following perils under (c) above is usually not
included in the package cover but available as optional cover)

 The policy offers widest range of cover compared to that provided by
individual operational policies.

 Premium rates for the policy depend on the cover opted, claims
experience, and deductibles opted, risk assessment report for MLOP etc.

Test Yourself 9
Which of the following is not covered under Industrial All Risks insurance?
I. Fire and special perils as per fire insurance practice
II. Larceny
III. Machinery breakdown
IV. Electronic equipment

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