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Industrial All Risk (IAR)
What is Industrial All Risks?
Industrial All Risks is a comprehensive insurance that protects property against loss or damage from any cause such as fire & allied perils, burglary, accidental damage and business interruption.
What is covered by Industrial All Risks (IAR)?
- Material damage of the insured’s property e.g. Buildings, Plant & machinery, stocks, furniture fixtures & fittings etc.
- Consequential losses e.g. Gross profit, wages and Auditors fees.