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Industrial All Risk

Reliance General Insurance

Reliance Industrial All Risks Policy Features

Industrial units constantly face certain risks, which can disrupt their daily operations. The resultant loss can be due to repairs or replacement costs, or due to stoppage of production. The Reliance Industrial All Risks Policy offers you a solution that will ease all your worries as it covers you against all the dangers to which your industrial unit is exposed.

​Key Benefits:

  • Complete coverage for the risks that threaten the industrial unit
  • Covers an exhaustive list of perils under the Material Damage section
  • Option of coverage for Machinery Loss of Profits
  • Loss through interruption and interference of business covered
  • Discount on premium if higher deductibles are chosen

Reliance Industrial All Risks Policy Coverage

​The Reliance Industrial All Risks Policy offers protection under two sections:

Section I - Material Damage

​Covers any unforeseen and sudden physical loss or damage to the insured property due to the insured perils

​Section II - Business Interruption

Covers the business loss if the business carried on by the Insured at the insured premises is interrupted or interfered with, as a result of loss, or destruction or damage of insured property due to the perils covered under Section I

The cover in its widest form includes the following perils/covers:

  • All the perils of the Standard Fire and Special perils policy
  • Burglary/Theft
  • Machinery Breakdown
  • Boiler explosion
  • Electronic Equipment Insurance
  • Loss of Profits - Fire
  • Machinery Loss of Profits

(The Machinery Loss of Profits cover is optional)

Reliance Industrial All Risks Policy Exclusions

​This Policy does not cover the loss or damage arising due to:

​Section I

  • Faulty or defective design of materials, inherent vice, and wear and tear
  • Collapse or cracking of buildings
  • Corrosion rust, shrinkage, loss of weight, contamination, etc
  • Larceny
  • Dishonesty and inventory shortage
  • Willful negligence, cessation of work, and loss of market
  • War and war group of perils
  • Nuclear group of perils
  • Destruction of the property by order of public authority

​Section II

  • Insureds lack of sufficient capital for timely restoration or replacement of the property lost or damaged
  • Any restrictions imposed by any public authority
  • Loss of business due to causes such as cancellation of a lease license or order
  • Damage to boilers, economizers, machinery, electronic installations and data processing equipment (including any mechanical/electronic breakdown of machinery)