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This policy provides security against both physical damage to industrial property and any loss of business that may incur due to the same.
About the Policy
This policy provides security against both physical damage to industrial property and any loss of business that may incur due to the same.
It is crafted specifically for industrial operations, so as to make smooth functioning possible even in times of untoward events.
Important details
Features
Material Damage
Fire and special perils
Burglary
Earthquake
Machinery breakdown and boiler explosion
Breakdown of electronic equipment
Business Interruption
Loss of profit due to machinery loss of profit (optional).
Loss of profit other than machinery loss of profit.
Exclusions
Money cheque stamps bonds credit cards, securities of any description, jewellery, precious stones etc.
Vehicles licensed for road use.
Property in transit other than within the premises specified.
Damage to the property insured caused by faulty or defective design materials or workmanship.
Acts of fraud or dishonesty.
Coastal or river erosion.
Willful act or negligence.
Cessation of work delay or loss of market or any other consequential or indirect loss.
War and nuclear perils.
