Industrial Special Risks
Iron Clad Protection For Those In Industry
Industrial Special Risks Insurance (ISR) is designed to protect physical assets of your business including buildings, stock, plant and machinery and other property. ISR policies are designed specifically for companies and organisations with significant physical assets with values over $5,000,000.
Industrial Special Risks insurance is broad, flexible policy industry cover for all losses and damages except for the exclusions and endorsements placed on the policy.
As well as protection for the replacement of the physical assets of the business because of fire, flood, theft, earthquake etc . ISR also extends to cover the financial losses that a company experiences because of such incidents that prevent them from running their operation effectively and ultimately affect their profitability (business interruption). Cover for the Industries Special Risk Insurance policy is provided for a specified period of time after the initial loss.
Your Risk Advisor
McKenzie Ross is an insurance broker specialising in advising company’s on their business risk. We can provide you with a comprehensive review of your business risk and through our extensive reach in the Australian and international insurance market provide a tailored business insurance solution to suit your company’s needs through a flexible industry special risk insurance policy.
Key Benefits Of Using McKenzie Ross
High level assurance that risks are transferred where intended.
A greater understanding of the risks retained in your organisation, some of which may require alternative management methods.
A formal process of risk identification that demonstrates good corporate governance to stakeholders.
Linkage between insurance and your organisation’s overall process for risk management.
Enhanced ability for ‘insurable’ risk to be transferred to insurance markets in the best possible light by demonstrating sophistication in identification and analysis.