Industrial Special Risks Insurance

What is Industrial Special Risks Insurance?
Industrial Special Risk (ISR) Insurance is a broad business insurance that provides cover for loss or damage done to high value physical assets including property, buildings, materials and machinery.

Should something happen to your high value assets, the experienced insurance brokers at our office will deliver sound risk advice and work with you to determine the right ISR Insurance program for your business needs.

Do I need ISR Insurance?
If you are a Business or Commercial Property owner with Insured Property or high value assets over the value of
$5 million, you should consider getting Industrial Special Risk Insurance. Please note that minimum values do vary by Insurer.

Whilst it is ideal for medium to larger organisations, ISR Insurance can also be suitable for smaller companies with high value assets.

What can it cover?
An ISR Insurance Policy provides cover for property damage to your valuable assets by any cause not excluded under your policy.
Cover can include:

• Loss and/or damage to buildings, plant and machinery, contents, stock, raw materials, unregistered vehicles and the property of Directors and employees
• Loss of profits, revenue or rentals and/or increased expenses caused by damage to insured property
• Loss of profits, revenue or rentals and/or increased expenses caused by contingent damage to property at the premises of suppliers, customers and utilities
• Burglary, theft of money and employee dishonesty
• Accidental damage and glass breakage

Product Disclosure Statement
A Product Disclosure Statement (PDS) is available for ISR Insurance and can be obtained from Palandri Insurances.
You should consider the PDS in deciding whether to acquire, or continue to hold, ISR Insurance.

Speak to Palandri Insurances
Calculating the amount of cover you’ll need can be complex, so it’s important to seek advice to help you get it right.

Steadfast insurance brokers are part of the largest general insurance broker network in Australasia, with specialists who can help you with your home and contents insurance needs.