Property All Risk Insurance

Property All Risk Insurance

The Property All Risk Insurance is for your business property investments against multiple risks and covers buildings, machinery, furniture, inventory, and other equipment. This is a wider cover when compared to other named peril policies in India for property. All risk cover is a package policy provides protection to the property from most of the perils. Property All Risk Insurance in India excludes certain property (Excluded Property), certain causes (Excluded Causes) from the scope of cover.

Scope of Cover

Industrial All Risk (IAR) or Property All Risks (PAR) coverage is designed for numerous trades and Industries. The types of property including:

• Building
• Machinery
• Other Equipment
• Inventories of all types

The policy coverage is wider and includes the following:

• All risk including, Fire, Lightning, Explosion, Aircraft damages, Riot Strike, Malicious damage. Storm, Flood, Tempest, Forest Fire and Bush Fire
• Accidental Damage, Transit Damage within the premises.
• Machinery breakdown
• Business Interruption Insurance followed by Fire or other scenarios and machinery breakdown.
• Extension covers like Earthquake and Terrorism damage also.
• There are plentiful addon covers with restricted Sum Insured available which can be chosen for making the policy a customized one.

ANIB capability

ANIB team can structure Property All Risk insurance cover to be affordable and practical. Premium pricing is evaluated based on property value and risk profile to maintain fairness.

ANIB not only advise you on choosing the coverage but also with the association of Risk Engineers provides “Risk Analysis” of your premises and assist you in the following risk management.

• 1. Identification of Risk
• 2. Evaluation of the Risk
• 3. Handling the Risk
• 4. Mitigating the Risk