Industry Solutions

Industrial Insurance

Industrial insurance is a wider cover than traditional “Standard Fire and Special Peril Insurance policy”. It is an all risk policy covering a wide range of perils such as fire and allied perils, burglary, accidental damage, breakdown as well as business interruption.

Coverage is defined into two Sections as follows.

Section – I: Material Damage – It covers accidental physical loss or damage (including machinery breakdown) to the property insured (other than excluded property) due to any cause (other than excluded causes).

Section – II: Business Interruption – It covers loss due to business interruption following a Physical loss or damage to the property covered under material damage section of the policy. Loss of Profits arising out of machinery breakdown is optional.

Additional Coverages Offered

Agreed Bank Clause
Architects, Surveyors and consulting engineers fees clause
Designation of Property Clause
Escalation Clause
Omission to insure additions, alterations & extensions clause
Temporary removal of stocks clause
Terrorism Cover

Why Crestway Group

As an independent nationwide agency we represent many insurance companies. Our role is to serve your company as a trusted advisor. We will consult with you to help you understand your needs before recommending the best combination of coverage, service, and value for your unique situation.

The Crestway Group (CWG) will help you with:

Identify the insurance services that are right for you
Guide you through the claims process for a quick and fair resolution
Counsel you on matters related to your coverage or account
Provide prompt service with a unique personal touch

We won’t simply sell you a product we will be a resource you can count on to look out for your best interests. Contact a team member of our Industrial Insurance Divison today to see how the Crestway Group can help your business.