Industrial Special Risks Insurance is commonly considered where a business has property or operational exposures that are larger or more complex than those usually insured under a standard Business Insurance package.

What types of businesses can ISR suit? #

ISR can be appropriate for businesses with:

• High-value buildings or contents.
• Significant machinery and equipment.
• Large stock values.
• Multiple locations.
• Manufacturing operations.
• Warehouses or distribution centres.
• Significant Business Interruption exposure.
• Complex supply chains.
• Commercial property portfolios.

Is there a minimum business size? #

There is no single threshold that applies across every insurer.

Insurers have different underwriting appetites and may consider factors such as:

• Total asset values.
• Revenue.
• Occupancy.
• Construction.
• Location.
• Fire protection.
• Business Interruption exposure.
• Claims history.

Some businesses can be better suited to a commercial property or Business Insurance policy, while others require the broader structure and higher capacity available through an ISR placement.

Why would a business move from Business Insurance to ISR? #

The need can arise as a business grows.

For example, the business may acquire additional premises, machinery, stock or operations that no longer fit comfortably within a standard packaged policy.

Webber Insurance can review the assets and operations to determine which policy structure is more appropriate.