Industrial All Risk policy

All industrial risks having overall Sum Insured of BDT 50 crores shall be under Industrial all risk policy.
Policy covers,

  1. Material damage only
  2. All risks/perils other than those which are specifically excluded.



  1. 10% self insurance applicable.
  2. Additional 10% self insurance for more than one recoverable loss within past 3 years.
  3. Deductible of 10% loss but minimum 5 lac EE irrespective of perils.
  4. All project above 5 crore Sum insured to be surveyed.



  • Damage to the property caused by faulty or defective design materials or work manship, inherent vice, latent defect etc.
  • Collapse or cracking of building
  • Corrosion rust extremes or changes in temperature,
  • Acts of fraud or dishonesty
  • Mechanical or electrical break down or derangement of machinery or equipment.
  • Bursting, overflowing, discharging or water tans apparatus or pipes when the premises are empty or disused.
  • Any willful act or willful negligence on the part of the insured or any person acting on his behalf.
  • Damage occasioned directly or indirectly in consequence of war, invasion act of foreign enemy, hostilities or warlike operations.