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Industrial All Risk

If your company has a total value of risks of at least RM50 million, your coverage includes not only all the "named perils" of Fire Insurance but also extends to "accidental damage" not listed under the fire insurance.

Example of Coverage in the IAR

  • Theft of equipment, plant & machinery and all contents including stocks of every description kept at Insured's premises can be covered under the IAR policy instead of a separate Burglary Insurance.
  • Equipment of plant & machinery in transit within the premises is covered under the IAR policy.
  • Accidental damage to plate glass or any fragile item or to movable equipment e.g. forklift, hoist, crane etc by collision or overturning or impact is covered under the IAR policy (but not the Fire Policy).
  • Other accidental damage not specifically excluded from the Policy.
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