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Industrial All Risk (IAR) Insurance

Protect your premises from sudden and unforeseen loss by
any perils other than by exclusions.

Enhanced protection for your premises with wider coverage, protecting you from sudden and unforeseen physical losses caused by perils at work and the environment.
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  • A wider insurance coverage than standard Fire Insurance. All perils are covered unless it is excluded in the policy terms.​
  • Flexible in choosing preferred covers with favorable premium rate compared to standard Fire Insurance.
  • Flexible Terms & Conditions (adjusting deductible, sub limits and premium)
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Any person who has insurable interest (i.e., who owns a property or who has a legal obligation over safety of a property).

For coverage of all items in the premises, see below:

  • Building
  • Machinery
  • Furniture, Fixture And Fitting
  • Stocks – Finished Goods, Work in Process, and Raw Materials

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Premium Rating

Subject to following risk factors: COPEM

  • C – Construction (Type of Construction, Total Area Sq m/Sq Ft of Construction)
  • O – Occupancy (Occupancy & Type of Items Stored at the Warehouses)
  • P – Protection (Fire Extinguishing Arrangement)
  • E – External Exposure (Location of the Risk)
  • M – Management (Maintenance plan for the building or FEA)


Policy Term
Maximum policy term 1 year (Renewable on a yearly basis)

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What is an Industrial All Risks (IAR) insurance?  

Industrial All Risks cover not only all the “ named perils” of fire insurance but also extends to cover “ accidental damage” which could not be covered under fire insurance, only subject to specific exclusions of the policy. It also covers for sudden and unforeseen loss by any perils other than by exclusions.  

What can be insured? 

All buildings, all machineries, all furniture and stocks in the premises. 

Difference between Fire Insurance and Industrial All Risks (IAR) 

Fire insurance covers losses from accidental fire, infectious fire, lightning, domestic gas explosion.   Industrial All Risks insurance covers all perils unless the peril is excluded in policy.  

Why is Industrial All Risks (IAR) insurance a must-buy insurance for large industries’ owners?  

Industrial All Risks covers not only all the “ named perils” of fire insurance but also extends to cover “ accidental damage” which could not be covered under fire insurance, only subject to specific exclusions of the policy. In addition, it also covers for sudden and unforeseen loss by any perils other than by exclusions as well.  

Digital Services

Easy for you to access your insurance policy via our digital platform
My AYASOMPO
E-Payment
E-Claim
Premium Calculator
Booking An Appointment
Location Map

Key benefits

Wide Coverages

Enjoy a wider scope of cover on your property with our Industrial All Risks (IAR) policy that protects your premises from sudden and unforeseen loss by any perils other than by exclusions.

Quick Premium Payment

Choosing from a range of options, you can now make online payment quickly and effortlessly. Pay your premium digitally, or make payments by cash at our physical locations and get your policy within one week. It is comfort, safety and available 24/7 services.

24/7 Claim Services

Timesaving and convenient claims speed up the process faster and smoother. At AYA SOMPO Insurance, we are always here to providing you and your loved ones with peace of mind while we resolve your claim. Please contact us any time of the day or night 24/7 at 09-777 100 999. You can also request help online by sending us photos of the damage from your mobile device.

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All rights reserved by AYA SOMPO Insurance Company Limited.

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