Industrial All Risks Insurance

What is Industrial All Risks Insurance?

This is a comprehensive insurance policy that incorporates fire, fire loss of profit, theft, and accidental damage covers.  All sections will have specific sums insured and will also be subject to the normal terms, conditions, and warranties for the specific class.

Section A of the policy covers material damage to insured assets e.g., buildings, stocks, plant and machinery, office contents, furniture, and fittings among others.

Section B of the policy covers loss of profits or income caused by interruption of the business by a material damage loss under section A provided the material damage loss is admissible under the policy. The cover is provided under headings; gross profit, wages, auditors fees & increased cost of workings.

The policy is issued under two sections and provides indemnity against all those risks not excluded by the policy.

  • Section A covers Material damage to the insured’s property eg Buildings, Plant & machinery, stocks, furniture fixtures & fittings, etc.
  • Section B covers the consequential loss eg Gross profit, wages, and Auditors’ fees
Geminia Goods In Transit Insurance


What is the Claims documentation required?

  • Duly completed claim form
  • A detailed statement of loss
  • Breakdown of the loss
  • All supporting invoices and correspondences.
  • Loading receipts
  • Short delivery receipts
  • Police abstract report for theft
  • Salvage (where recoverable)

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