Industrial Insurance is designed to protect your business from damage and loss to your physical assets such as buildings, plant and machinery and stock. Often, industrial insurance is an insurance policy that covers medium to larger organisation who operate and engage in diverse range of business activities, often in multiple locations.

Industrial Insurance covers medium and larger businesses who operate and engage in diverse range of business activities, often in multiple locations.

Industrial Insurance can cover damage and loss to:

Physical buildings.

Plant and machinery equipment.

Stock - raw materials, semi produced items and completed items. 

 

Industrial Insurance costs are determined by breadth of policy that a business requires. The size and scope of the business operations and the type of business that is conducted by the business. 

What is key to remember is that the cost of Industrial Insurance is often a function of the coverage being provided, so cheaper Industrial Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Industrial insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Industrial insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's 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 and also by contingent damage to property at the premises of suppliers, customers and utilities or burglary, theft of money and employee dishonesty, your Insurance Broker can assist you to be covered.