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Personal Accident



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Industrial All Risks

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Industrial All Risks (IAR) covers accidental loss or damage to Insured Property at the location specified in the Policy. The cover provided is against all perils other than those specifically listed under Excluded Perils. This is a single policy which covers loss or damage to property under Section 1 and loss of income or profits caused by interruption in consequence of an indemnifiable material damage loss, under Section 2.

Under Section 2 loss of profit, loss of revenue or loss of
rental income can be covered. Cover can also be availed
for standing charges, additional cost of working incurred
in consequence of the material damage loss. Insufficient
capital, restrictions imposed by public authorities, loss
due to lack of orders are not covered under the Policy.

Note: Particulars of cover, liability and exclusion are for general
information only and are not complete or exhaustive.

Under Section 1 all personal and real property can be covered, such as, buildings, renovation and improvements, furniture, fixtures and fittings, office equipment, plant and machinery and stock in trade. The IAR Policy for a Timor-Leste risk covers besides fire, perils such as burglary, riot, strike and malicious damage, earthquake and volcanic eruption, cyclone, flood and accidental damage. Properties such as money, securities, jewellery, work of art, road vehicles, property in transit and stock in process are not covered.

The Policy excludes cover for losses due to faulty design, larceny, fraud or dishonesty, wilful negligence, war and terrorism, nuclear and radioactive contamination.