Industrial Special Risks Insurance can provide broad property and Business Interruption protection for larger or more complex businesses.

The exact cover depends on the policy wording, schedule, declared values, limits, sublimits and endorsements.

Material Damage #

The Material Damage section can insure property such as:

• Buildings.
• Contents.
• Machinery.
• Plant and equipment.
• Stock.
• Fixtures and fittings.
• Other property specified or falling within the insured property definition.

Cover is generally written on a broad basis, subject to policy exclusions.

Business Interruption #

Where insured damage interrupts the business, the Business Interruption section can provide cover for financial losses resulting from that interruption.

Depending on the policy, this can include:

• Loss of gross profit.
• Increased costs of working.
• Additional expenditure.
• Other insured consequential losses.

Are all causes of damage covered? #

No.

ISR policies contain exclusions and may also impose specific limits or sublimits for certain events.

Examples that can require particular attention include:

• Flood.
• Earthquake.
• Machinery breakdown.
• Property in the open air.
• Spoilage or deterioration.
• Cyber-related events.
• Certain natural hazards.

The schedule and endorsements should be read together with the policy wording to understand the actual cover.