Industrial all risk insurance
A single policy for larger manufacturing and industrial sites, covering material damage on an all-risk basis together with machinery breakdown and business interruption.
What it covers
Cover varies between insurers and plans. The policy wording is what decides whether a claim is payable, so read it before you buy.
- Physical loss or damage to buildings, plant, machinery and stock, other than what the policy excludes
- Fire and explosion, and the perils a standard fire policy covers, plus wider accidental damage
- Machinery breakdown, and electronic equipment where that section is taken
- Business interruption following insured damage, on a gross profit basis
- Burglary, and terrorism where that add-on is taken
Key features
- All-risk basis: the exclusions define the cover, rather than a list of named perils
- Material damage, machinery breakdown and business interruption in one policy
- Eligibility depends on the total sum insured across locations meeting the insurer's threshold: [CAPACITY LIMITS]
- Deductibles apply per event and are usually larger than on a fire policy: [DEDUCTIBLE]
- A risk survey by the insurer is normal before terms are offered
- Sum insured normally on a reinstatement value basis, with declared values reviewed each year
How to buy it
Four steps, with an advisor you can reach at any of them.
Tell us about the risk
Tell us your locations, values at risk, machinery details, gross profit and claims history.
Underwriting details
An advisor collects the information insurers need to price the risk, and flags anything missing.
Compare quotes
We ask our partner insurers to quote, and put the cover, conditions and premium side by side.
Proposal & policy
Pick a quote, complete the proposal form and KYC, and the insurer issues the policy.
Industrial all risk insurance: FAQs
How is this different from a fire policy?
A fire and special perils policy covers named perils. An industrial all risk policy covers accidental physical loss or damage except what it excludes, and brings machinery breakdown and business interruption into the same policy.
Which businesses qualify?
Insurers set a minimum total sum insured across all locations: [CAPACITY LIMITS]. Below it, the same risks are usually arranged as a fire policy with separate machinery and business interruption sections.
Is business interruption automatically included?
It is part of the standard structure, but the indemnity period and the gross profit figure are yours to set. Getting gross profit right matters as much as getting the property values right.
Why are the deductibles higher?
Wider cover is priced with a larger share of small losses left with the insured. The policy schedule states each deductible plainly, so you know what you are carrying.