..:: Industrial All Risks (IAR) insurance ::..

INDUSTRIAL ALL RISKS (IAR) INSURANCE

OVERVIEW
INSURANCE COVERAGE
EXCLUSION
PRODUCT DOCUMENT
CLAIMS GUIDELINE
OTHER PRODUCTS

product overview

Fire, explosion, natural hazards, riot, theft… are just some of the typical perils that every property could be exposed to, and any damage to the property could create financial burden to your business. A complete all-risk insurance policy such as TMIV’s IAR insurance can help safeguard your buildings, stock, machinery, office contents and other property against the unwanted circumstances caused by physical damage to your insured property.

INSURANCE COVERAGE

main coverage

Your IAR policy would be triggered in case of any damage unless there is a specific exclusion in the policy. Usually, the following perils are common to any business property and can be covered by IAR insurance:

Fire, explosion
Natural hazards: storm, flood, earthquake…
Strike, riot
Theft, burglary
Damage caused by collision with vehicles
Etc.

As IAR insurance covers for fire, explosion peril, your IAR policy would also help your business comply with the compulsory fire, explosion insurance regulation as stipulated.

extended coverage

EXCLUSION

The exclusions of IAR insurance are usually uninsurable risks or risks that require more specific insurance:

Gradual deterioration of property
Acts of fraud or dishonesty
Property in transit, vehicles
War, terrorism
Others as specified in the policy

Please be noted that although the following are excluded by a normal IAR policy, these exclusions can be written back by endorsement at your request with TMIV’s agreement: