Property All Risk Insurance

Property All Risk Insurance offers comprehensive coverage against all risks, including fire, theft, vandalism, natural disasters, and accidental damage, unless specifically excluded. Unlike standard property insurance, which typically covers specific perils (like fire or theft), Property All Risk insurance offers broader protection, covering a wide range of unexpected events that might impact your business or property.

Property All Risk Insurance covers a broad range of risks, such as fire, water damage, storms, earthquakes, theft, vandalism, and accidental damage. It also includes coverage for loss or damage due to external factors like aircraft impact or riot-related destruction, providing your business with protection from many unpredictable risks.

Increased Cost of Working (ICOW) is a type of business interruption insurance that covers the additional expenses a business incurs to continue operating after a loss or damage that disrupts normal business operations. This insurance helps cover costs like temporary rent, additional staffing, or expedited repairs to get the business back up and running.

Yes, natural disasters such as earthquakes, floods, and storms are typically included in Property All Risk insurance, unless specifically excluded. However, it’s always wise to confirm with your insurer, as coverage may vary depending on location or the terms of the policy.

Common exclusions include damages caused by war, wear and tear, neglect, or intentional damage. Losses from illegal activities or items in the care of employees may also be excluded. Be sure to review the terms to understand any specific exclusions in your policy.