Industrial All Risks Insurance Policy
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The sum insured by the policy will be equal to the reinstatement value of the plant without any deduction for depreciation, according to the date in the property damage section. Under the business interruption section, the total sum insured will be the gross annual profit of the plant. This policy covers the loss or damage of assets such as buildings, stocks, furniture, and contents, etc.
Industrial All Risks Insurance offers financial recompense against accidental loss or injury to your place, equipment, inventory and construction and against loss resulting in business interruption. This is a comprehensive policy to cover damages to your assets from all unforeseen circumstances, except for those defined "Exclusions". The Policy also protects your balance sheet against any adverse consequences arising from such interruption.
You need to check the policy of Losses and/or damage to buildings, plants, and machinery, contents, stocks, raw materials, unregistered vehicles and property of directors and employees and how it helps you.It is important to ensure that your policy integrates all kind of health issues and provide financial support to you whenever you are in need.
You need to check the policy Loss of profits, income or rents and/or increased expenses caused by damage to the insured property and how much return you will receive and in how much time you will get it.
You need to check the Loss of profits, income or rents and/or increased expenses caused by contingent damage to the property in the facilities of suppliers, customers, and public services.
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