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Industrial special risks insurance (ISR) provides property damage cover and consequential loss cover for medium to large enterprises against financial losses they might incur because of loss or damage of their physical assets. This policy is generally designed to protect physical assets, including buildings, machinery, stock, plant and other property. it is often taken out by organisations wishing to fill in the gaps not covered by other types of insurance they may have.
An industrial special risks insurance policy typically contains a section relating to material loss or damage and a section dealing with consequential loss or business interruption.
Industrial special risks insurance generally offers protection against a diverse range of events such as fire, earthquake, criminal acts and storm.It can cover things such as:
Burglary, theft and employee dishonesty
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exclusions apply to any products referred to in our website. The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these, having regard to the appropriateness of this advice, and the relevant Product Disclosure Statement, available by calling us on 1300 178 628 before deciding to acquire, or to continue to hold, any products.