Industrial Special Risks Insurance Australia

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Insurance Quotes for Industrial Special Risks*

Industrial Special Risks insurance is a broad business insurance for medium and large businesses with insured values of $2 million and above.

Industrial special risks (ISR) insurance provides protection for a range of risks NOT specifically excluded in the policy.

ISR policies are typically divided into two sections: Property Damage and Consequential Loss.

Many business owners are UNSURE if they are COVERED PROPERLY.
We help them find affordable and SUITABLE INSURANCE so they can run their business with CONFIDENCE.*

Business Owners can access many BIG name insurers AND
industry specific underwriters here.*

Business Owners QUESTIONS regarding
Industrial Special Risks Insurance in Australia ANSWERED:*

  • Reinstatement or replacement of the assets – building, stock, contents, machinery, theft, money , glass
  • Architects, engineers, surveyors and other fees payable to facilitate reinstatement;
  • Fees necessary for local authorities for rebuilding approvals and costs necessary to comply with statutory authorities – eg. heritage;
  • Customs fees, excise and other duties necessary;
  • Temporary protection of property awaiting its repair or replacement;
  • Replacement of locks, alarms, keys and combinations when damaged or stolen;
  • Removal of debris, reinforce damaged property, interim repairs;
  • Repair or replacement of directors and staff valuables left on the premises;
  • Costs in quashing a fire and/or restocking fire protection equipment;
  • A decline in turnover or revenue
  • Increased costs to limit any decline in turnover or revenue ( increased cost of working). This may include any valid expense incurred to get the business operational again such as the use of back up facilities or sites, overtime payments to employees, importing equivalent products etc.
  • Payments to professionals and other expenses to prepare a claim;
  • Payroll costs

Industrial Special Risks policies can be complex so may require a full needs analysis to understand the risks faced and develop an appropriate risk protection program for your business.

It takes a significant amount of experience to advise on a suitable industrial risks policy, brief in your business risks in detail ,and negotiate competitive terms with insurance companies and underwriters.

Depending on your industry the “risk appetite” of insurance companies and underwriters vary considerably. A high calibre broker with extensive experience working on ISR policies can make a significant difference in the outcome for you at both policy inception and if you ever need to claim. As claims can be significant with industrial special risks policies it is vital to have your business risks suitably specified and covered.

Business insurance policies normally required by medium and large businesses in addition to industrial special risks insurance include public liabilitymotor fleet insurancecargo insurancecyber insurance and more depending on the business.

The Situation Address must be the address of either the physical risk being covered (like a property) or, in the case of Liability policies, the physical address for the normal place (or places) of business.

If you have multiple business locations, e.g., a number of branches, shops, factories or depots, then ALL location addresses must be shown on the schedule and advised to the insurers. And the multiple location addresses then needs to be kept up to date with the insurers at all times, in the event of any changes.

Insurers will not accept a Post Office box as a “normal place of business”, because you cannot do business from a PO Box.

A PO Box is fine for a mailing address, but cannot be used as the address of the “Situation” on any policy.

For example, Public Liability policies usually operate “at and from” an address, which should be the normal place of business for a business policy.

If the business was run from home, for example, then the home address would be shown as the normal place of business. The “at and from” nature of the cover would then cover any transitory business conducted away from the home address (or away from a real business address, as the case may be).

If the business was run from home but was selling through stands or kiosks at markets or shopping centres then that would have to be disclosed to the insurer, as it affects the risk.

Want guidance on Industrial Special Risks Insurance coverage for your business?
Get in touch. Here to help you.*

Need more CERTAINTY regarding your business insurance cover?
Have questions or want GUIDANCE?
Get in touch. Here to help you.*

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Small business owners DESERVE to get insurance cover at an
affordable price – and KNOW what they are covered for.*

We are business insurance brokers

What does this mean to you ?
What that means is that we are YOUR representative, and our first responsibility is to YOU, unlike an insurance agent who represents the insurance company.

And in the event of a claim, we fight for YOU, which may mean a faster and more successful claim.^

^Important : We have no power to authorise claims. However, our experience and assistance can help you when you have a claim.


REAL LIFE STORIES of small business owners who were UNCERTAIN about their business insurance coverage NOW operating with CONVICTION.*

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Learn More About Insurance for your Business:*


· We may act for you – not the insurance company
· We may obtain multiple quotes for you on suitable policies from leading insurance companies and underwriters
· You receive responsive friendly service.
· You’ll receive a competitive rate on a suitable policy year after year
· You’ll have us in your court if you need to claim
· Monthly payment options
· We’ll do the leg work for you!

Find out more.