Industrial Special Risks Insurance
Industrial Special Risks Insurance (ISR) Insurance is a broad coverage business insurance policy. This type of insurance covers a wide scope of damages or losses to high-value physical assets. The coverage includes property, buildings, stock, and machinery. This business insurance suits medium to large corporations that general have combined asset values in excess of $10,000,000.
An Industrial Special Risks (ISR) policy has a broad scope of business cover.
Property damage insurance covers your physical property or building. In cases where storm damage or fire may occur, your building is covered. It also includes the removal and disposal of debris following a loss such as fire. It covers the loss or damage to physical assets owned by the business. ISR policies have many additional benefits under the property section such extra cost of reinstatement when rebuilding and burglary and theft.
There are times when businesses stop operating due to an insurable loss. This may be temporary or longer, depending on the situation. In times like these, sales and profits are affected. It can even lead to bankruptcy if not handled well. With industrial insurance, losses incurred from business interruption including consequential loss can be insured.
Additional Increased Costs of working
When the costs are increased to get the business back on track, expenses can be high. During this time, corporations spend on overtime compensation, use of added facilities, advertising etc. An ISR insurance policy can protect your company from these additional costs if they are necessary to protect business profit.
We believe in securing the future of your company. At FD Beck, we do not sell insurance products, we provide advice and arrange business cover on your behalf. We provide an experience that makes sure your company is protected. FD Beck also ensures that your employees and your investors have nothing to be worried about. So whether you are based in Melbourne, Victoria, or anywhere in Australia, we are within your reach.
Choose the best provider of insurance with a policy fit for you. Choosing our professional services means choosing the future of your company. Make the right choice and get insured with FD Beck! Just visit our website and we will handle everything else for you. Getting insured has never been this convenient!