The policy covers damage to property caused by fire and /or lightning; fire as a result of explosion, wherever explosion occurs; explosion as a result of fire on the premises insured; explosion of domestic boilers and/or gas used for domestic purposes or for heating and/or lighting

Property insurance covers the direct material or physical loss following damage or destruction. Business Interruption covers the actual or potential loss of earnings and additional expenses incurred as a result of that material loss. Business interruption has two dimensions: the monetary amount that needs to be insured and the time that the interruption will affect the business.

Covers loss to the property resulting from rapid nuclear and chemical reaction which produce heat.

Industrial All Risk provides full insurance against damage to all types of fixed assets caused by sudden and unforeseen events. The policy also provide cover for consequential losses such as loss of revenue or profits following a physical accidental damage to the property insured.