Industrial Special Risks Insurance

Protect your business against large scale, unforeseen damage with Elliott Insurance's Industrial Special Risks coverage. Our policies provide flexible, comprehensive cover tailored for substantial physical assets.

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What is Industrial Special Risks Insurance and How Does It Work?

Industrial Special Risks Insurance (ISR) is a comprehensive and flexible coverage designed to protect businesses against substantial, unforeseen damage. It provides tailored protection for physical assets, including property owned, used, or leased by the business.

ISR insurance covers property damage, business interruption, and theft, ensuring that businesses are financially protected in the event of interruptions or interference to operations, and losses resulting from burglary or theft. By combining these coverages, ISR insurance offers businesses the confidence and security they need to navigate unexpected risks and maintain continuity in their operations.

BENEFITS

The Importance of Industrial Special Risks Insurance

Having the right Industrial Special Risks Insurance ensures your business can withstand substantial unexpected losses.

Flexible Coverage

.. Policies are flexible and can be tailored to cover diverse business assets, operations, and risk exposures.

Protection Against Major Losses

... Coverage is designed to protect against significant losses that could potentially jeopardize your business operations.

Comprehensive Policy

... ISR insurance offers broader coverage than a standard commercial property insurance policy.

Helps Maintain Business Continuity

.. ISR Insurance not only provides cover for property damage but also for consequential loss of profits, helping ensure business continuity.

Specialised Coverage

... This type of insurance is ideal for businesses with physical assets exceeding a specified value or having unique insurance requirements that are not adequately covered under a standard policy.

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WHY CHOOSE US

Why Choose Us For Your Industrial Special Risks Insurance Needs

At Elliott Insurance Brokers, we leverage our expertise and vast industry knowledge to provide comprehensive Industrial Special Risks Insurance. Whether you have a single location or multiple sites across Australia, we can provide a tailored solution that meets your specific needs.

COMMON RISKS

Potential Risks Covered by ISR Insurance

Strata Insurance aims to cover common risks such as:

Natural Disasters

.. Covers your business against losses resulting from events like floods, cyclones, or earthquakes.

Fire Damage

... Provides coverage against losses due to fire or related events.

Theft and Vandalism

... Covers losses resulting from burglary, theft, or vandalism.

Business Interruption

.. Protection against financial loss due to interruptions or interference to your business operations.

Equipment Breakdown

... Coverage for losses resulting from the breakdown or failure of important equipment.

Machinery Damage

... Protection against damage to machinery and equipment used in your business.

Extra Expenses

.. Reimbursement for additional expenses incurred to minimize business interruptions or mitigate losses.

Debris Removal

... Coverage for the cost of removing debris after a covered loss.

Replacement Value

... Reimbursement based on the replacement value of damaged or destroyed property, rather than its actual cash value.

Contingent Business Interruption

... Coverage for financial losses resulting from disruptions to the operations of your suppliers or customers.

Professional Fees

.. Reimbursement for professional fees incurred in the claims handling process.

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Is Industrial Special Risks Insurance Right for My Business?

Industrial Special Risks Insurance is essential for businesses with a high value of property assets or unique insurance requirements. Speak to our team at Elliott Insurance Brokers to find out if this coverage is right for your business.

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GOT A QUESTION?

Frequently Asked Questions

Who should consider taking out Industrial Special Risks Insurance?

Businesses with a high value of physical assets or specific, unique insurance requirements should consider taking out Industrial Special Risks Insurance. This type of coverage is particularly beneficial for businesses that need comprehensive protection against major losses and want to ensure business continuity in the face of unforeseen events.

How is Industrial Special Risks Insurance different from commercial property insurance?

Industrial Special Risks Insurance offers broader coverage than a standard commercial property insurance policy. It provides specialized coverage for businesses with physical assets exceeding a specified value or having unique insurance requirements that are not adequately covered under a standard policy. ISR insurance helps maintain business continuity by covering not only property damage but also consequential loss of profits.

Is Industrial Special Risks Insurance right for my business?

Industrial Special Risks Insurance is essential for businesses with a high value of property assets or unique insurance requirements. To determine if this coverage is right for your business, it is recommended to speak with our team at Elliott Insurance Brokers. We can assess your needs and provide guidance based on your specific circumstances.

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