ICICI Lombard Industrial All Risk Insurance Policy:

The ICICI Industrial All Risk Insurance Policy is a complete policy which is designed to give protection against all perils, natural or man made except for petrochemical risks.

The insurance will offer coverage against fire and special perils, theft, failure of an expensive machine, any explosion, other damage caused by accidents.  Though no one would want to speak of accidents lest it would happen, in today’s busy lifestyle all future plans need to be taken care of while one is alive and healthy to avoid loss of monetary benefits after death.

The ICICI Lombard Industrial All Risk Insurance Policy states that,While applying for the policy, the cost of the property should be mentioned, so that if any industrial damage is caused, your industry will be given coverage according to that amount.  This amount is the sum assured by the policy.

In order to cover the reduction in the net profit due to the break in work, this policy will also cover the already existing expenses that are piling up due to the interruption in the work.

It will also cover expenses which occur because the workers have to work harder in order to bring out a normal turnover everyday to cut the losses of the industry.

Any industry or manufacturing company must be insured with ICICI Lombard Industrial All Risk Insurance Policy, as it would be very beneficial to them at the time of unfortunate accidents which would bring about a lot of damage to property and thus hamper the industry f from continuing its business.  This policy is indeed one of its kind and is truly designed to aid the manufacturing companies.

Any company engaged in manufacture may it be small scale or large scale, should bear in mind that depreciation is always there in the manufacturing sector. 

Costly machines need to be taken care of periodically, workers’ health is in your hands and in the event of an accident the working class would naturally turn to the company for support financially.  So it is highly recommended that ICICI Lombard Industrial All Risk Insurance Policy is taken.