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Get the best quotes and coverage for your IAR policy with Pazcare.
Choose your insurer and offerings
The choice is yours! We guide you with quotes from top insurance companies for your IAR insurance policy. You can choose the insurer and also get customized coverage.
Dedicated account managers
Have questions or require assistance with your IAR insurance policy? A dedicated account manager from Pazcare will guide you through your questions.
24X7 customer assistance
Pazcare’s customer support team makes sure that you are provided with 24/7 customer service in case of queries, policy assistance, or claims.
Protection of assets
Safeguards expensive machinery, equipment, and infrastructure from unforeseen events, reducing financial losses.
Business Continuity
Assists in the continuity of operations by covering repair, replacement, and restoration costs in case of damage or loss.
Legal and liability protection
Provides coverage for liabilities arising from property damage or bodily injury to third parties on the insured premises.
Risk management
Shifts certain risks to the insurance provider, allowing businesses to focus on core operations without constant financial concerns.
Material damage coverage
Compensation for financial losses due to interruptions in business operations caused by insured perils.
Business interruption coverage
Compensation for financial losses due to interruptions in business operations caused by insured perils.
Machinery breakdown coverage
Coverage for sudden and unforeseen physical damage to machinery, requiring repair or replacement.
Rider covers
Additional coverages like coverage for loss of profits due to delays in project completion, cost escalation, professional fees, and increased work costs.
Secure Your Future, Today! ☂️
Why Risk Tomorrow?
In a rapidly changing business landscape, unforeseen challenges await. Secure your leadership, assets, and reputation today.
Peace of Mind
Protect yourself from unexpected legal challenges.
Build Trust
Show stakeholders your commitment to excellence.
Stay Prepared
Equip yourself for the future’s uncertainties.
All you have to do is schedule a call with us. We’ll take it from there.
🤙 Talk to our Business Insurance expert.
🤝 Help our experts understand your business challenges and needs
🧩 We’ll get back to you with the best recommendations.
🙌 You finalize the plan that best suits you.
🌟 That’s it. You are now secured!
Industrial operations face potential risks such as material damage, machinery breakdowns, and business interruptions that can result in substantial financial losses. The Industrial All Risk (IAR) Policy serves as a comprehensive solution to safeguard businesses from these implications, offering broader coverage compared to a Standard Fire and Perils policy.
Here’s what is typically not covered in an industrial all-risk insurance policy:
Wear and Tear
Damage caused by gradual wear and tear, gradual deterioration, or inherent vice in the insured property.
Faulty Design or Workmanship
Damage from defective design, faulty artistry, or inadequate maintenance.
Specific Perils
Certain specific perils might be excluded, such as nuclear risks, war and civil commotion, terrorism, acts of government authorities, etc.
Consequential Losses
Losses due to loss of market, consequential economic losses, and losses caused by delay, unless specifically covered.
Dishonesty or Fraud
Losses due to fraudulent activities, theft, dishonesty, or inventory shortages caused by internal factors like employee fraud, etc.
Cyber Risks
Damage or losses caused by cyber-related events such as hacking, data breaches, or cyber-attacks.
Intentional Damage
Damage caused intentionally or wilfully by the insured or its employees.
While IAR Policies are typically designed for larger industrial risks, insurance providers may offer tailored solutions or packages suitable for small to medium-sized enterprises (SMEs) with varying coverage options to suit their needs.
Best pricing for you.
Best claim support for your team.
AICPA SOC 2
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ISO 27001
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ISNP
App for employees
