This is a Comprehensive Package Policy which provides cover against unforeseen circumstances including accidental damage to the property, which a large industry may face during its operation.
Minor accidents and breakdowns (or theft) may lead to major shutdown or huge expenses. Electronic equipment and machineries are expensive and often involve large sums invested in and across vast areas. Any major shutdown may lead to potential loss of Market Share and this would have long term percussions.
In such a scenario the all encompassing cover provided by HDFC ERGO's Industrial All Risk Insurance, gives your industry the reassurance it needs. A timely help by paying claim would help to resume business at the earliest.
The policy covers all risks/perils other than those which are specifically excluded.
MLOP is an optional cover.
The Sum Insured for Section I (Material Damage) relating to buildings, machinery, furniture, fixtures, fittings and electrical installations shall be on Reinstatement Value basis only, while stocks shall be covered on Market Value basis.
The Sum Insured for machinery breakdown risk should be the same as the Sum Insured of plant and machinery declared under fire, less the value towards piping and cabling.
The Sum Insured for Section II (Business Interruption) based on Annual Gross Profit and Indemnity Period selected.
Indemnity Period i.e. the maximum period during which the business may remain interrupted, can be chosen by the insured depending on the activities involved.
All industrial risks (other than risks rateable under the Petrochemical Tariff) with an overall Sum Insured of Rs. 100 Crores and above in one or more locations in India shall be eligible for the Industrial All Risk Policy.
The premium will depend on the type of cover opted, claims experience, risk exposures, fire protection systems available, maintenance practices and deductible opted under the policy.
The policy is subject to a compulsory deductible and will depend upon the sum insured.
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Causes excluded
Property excluded
Car Insurance 
Bike/Two Wheeler Insurance 
Health Insurance 
Pet Insurance 
Travel Insurance 
Home Insurance 
Cyber Insurance 
Third Party Vehicle Ins. 
Tractor Insurance 
Goods Carrying Vehicle Ins. 
Passenger Carrying Vehicle Ins. 
Compulsory Personal Accident Insurance 
Travel Insurance 
Rural 
Critical illness Insurance 
