For many organisations in Australia, standard business insurance does not adequately cover their business for the risks and exposures that can cripple their operations and livelihood.
An Industrial Special Risks Insurance policy has open-ended wording, which means cover is not limited to selected risks. Instead, you are protected against most losses and damages except for exclusions noted in the policy.
Coverage typically covers any kind of disaster or catastrophe – from fire, storm or earthquake, consequential loss to theft or money and glass, subject to sub-limits, limitations and terms negotiated as part of the policy. It is also often the the most flexible policy available and is recommended to organisations with significant insured values (typically over $3m).
Depending on your specific requirements, an Industrial Special Risks Insurance policy covers the following:
Key Insurance Group have the expertise to arrange an industrial special risks insurance policy specifically to your needs. Through leading insurers, we offer a comprehensive range of policies and covers to provide the most cost-effective option to suit your insurance requirements.