What is Industrial Special Risks (ISR) Insurance?

ISR is a broad all risks property insurance policy, providing protection across a wide range of risks and perils. This can include damage to property, buildings, machinery, raw materials and stock, as well as loss of revenue and the increased cost of sourcing alternative premises, plant and equipment in order for your business to continue operating. ISR policies also provide perils protection, ranging from fire, explosion, machinery breakdown, burglary and accidental damage, and extends to cover natural disasters.

Understanding the ISR policy

ISR insurance is a next-step policy for medium to large businesses with asset values of between $5 million and $10 million, or with insured values of $2 million and above.

It is the next step from a business pack as it can be easily tailored and providers broad coverage and higher limits, protecting insureds for risk and exposures that may impact its operations. It is often broken into two sections – Property Damage and Consequential Loss.

What does ISR Insurance cover?

Property Damage:

Loss or damage to buildings and machinery
Loss or damage to contents, stock, raw materials
Burglary, theft or employee dishonesty
Accidental damage

Consequential Loss:

Loss of profits and revenue caused by property damage
Additional increased cost of working to protect revenue and profits

What is Industrial Special Risks (ISR) Insurance?

Understanding the ISR policy

What does ISR Insurance cover?

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