Industrial Special Risks (ISR) insurance
Industrial Special Risks insurance is a broad property and business interruption policy designed for businesses with substantial assets. Instead of listing what's covered, it generally covers accidental physical loss or damage unless specifically excluded, making it more comprehensive than a standard business package. We arrange ISR cover for manufacturers, distributors, commercial property owners and larger enterprises Australia-wide.
Who needs industrial special risks (isr) insurance?
- Manufacturers and processing facilities
- Warehousing, logistics and distribution businesses
- Owners of commercial and industrial property
- Businesses with multiple sites or high-value stock and plant
- Companies that have outgrown a business package policy
What industrial special risks (isr) insurance can cover
Every policy is different. Depending on the insurer and options you choose, cover can include:
- Material damage to buildings, plant, machinery and stock
- Business interruption, including loss of gross profit
- Claims preparation costs and removal of debris
- Cover for multiple locations under one policy
- Optional machinery breakdown and theft extensions
- Broader policy wording than most package policies
What to check before you buy
ISR policies are typically written for businesses with assets in the millions of dollars, and getting the declared values right is critical. We'll work through replacement values, the business interruption indemnity period, your supply chain dependencies and the deductible that makes sense for your balance sheet. A current valuation and a clear picture of how you'd recover after a major loss are worth their weight in gold at claim time.
Why arrange industrial special risks (isr) insurance through a broker?
Policies that look similar on price can differ a great deal in what they actually pay for. As your broker, we act on your behalf. We’ll ask the right questions, compare options, explain the fine print in plain language and be there to support you if you need to make a claim, wherever you are in Australia.
Industrial Special Risks (ISR) Insurance: common questions
What's the difference between ISR and a business package?
A business package covers listed events section by section. ISR generally covers all accidental physical loss or damage unless excluded, with broader wording and higher limits, which suits larger and more complex risks.
When should a business move to ISR?
Usually when total asset values reach several million dollars, or when your operations become complex enough that a package policy no longer fits. We can review both options for you.
Does ISR include liability cover?
No. ISR is a property and business interruption policy. Public and products liability is arranged separately, and we'll coordinate both so there are no gaps.
What is a declaration of values on an ISR policy?
Insurers ask you to declare the value of buildings, plant, stock and gross profit at each location. Those figures set the premium and the cover available. If values are understated, an underinsurance condition may reduce what you receive at claim time, so we recommend regular valuations and an annual review of your declared values.
Can ISR cover multiple sites under one policy?
Yes. ISR policies commonly schedule several locations under a single policy, often with extensions for property at unspecified locations, property in transit and, in some cases, losses caused by damage at a key customer’s or supplier’s premises. That keeps cover consistent across your business and simplifies renewals.
How to get a industrial special risks (isr) insurance quote
Getting a quote is simple, and there is no obligation. Call Carly on 0497 100 469 or send an email with your business name and ABN, a short description of what you do, your approximate turnover and number of staff, a copy of your current policy schedule if you have one, and details of any claims in the last five years.
If your contracts or lease set specific insurance requirements, send those too.
We will ask a few questions about your operations, approach suitable insurers on your behalf and come back with options explained in plain language, including what is and isn’t covered. Once you choose, we arrange your cover and send your documents, then review it with you at every renewal so your insurance keeps pace with your business.
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