Industrial building insurance (ISR) in Australia: what each policy covers
19 policies from 13 brands for factories, warehouses and large property, usually insured under an Industrial Special Risks (ISR) policy: one all-risks policy for buildings, plant and stock, often with business interruption, sold only through brokers to businesses above a minimum total sum insured. Insurers often publish no PDS for it, so what is shown is from their own product pages and wordings.
Factories, warehouses and large property (ISR)
| Brand | Policy | Type | Flood | Accidental damage | Left empty | Who it is for | Underwriter | Sold |
|---|---|---|---|---|---|---|---|---|
| Agile Underwriting Services | Agile Industrial Special Risks (ISR) Fire & Crime | Industrial special risks (ISR) | Optional extra | Not stated | No cover after 30 days | ISR risks up to AUD 10 million capacity (lead or follow); territorial scope Australia, New Zealand, ASEAN and Pacific Islands (non-US). Excludes mining (underground/open cut, except accommodation), petrochemical and energy. | Lloyd's underwriters | Not stated |
| AIG | AIG Commercial Property - Middle Market | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Businesses with total insurable assets (property, contents and business interruption values) up to AUD$750m. | AIG Australia Limited | Through a broker |
| AIG | AIG Property (ISR) - Corporate & Major Accounts | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Businesses with total insurable assets (property, contents and business interruption values) greater than AUD$750m; AIG can deploy capacity up to USD$750m. | AIG Australia Limited | Through a broker |
| Allianz | Allianz Industrial Special Risks Mark IV | Industrial special risks (ISR) | Not stated | Not stated | No cover after 30 days | Allianz Australia Insurance Limited | Through a broker | |
| Allianz | Allianz Industrial Special Risks Mark V | Industrial special risks (ISR) | Not stated | Not stated | No cover after 30 days | Allianz Australia Insurance Limited | Through a broker | |
| Ansvar | Ansvar Industrial Special Risks (Mark IV Modified) | Industrial special risks (ISR) | Not stated | Not stated | No cover after 60 days | Insurable asset values over $10 million; medium to large businesses or commercial property owners. | Ansvar Insurance Limited | Not stated |
| AXA XL | AXA XL Property - Industrial All Risk | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Corporate and commercial clients with large and complex risks, multinational programs and captives (capacity up to USD 500m). | XL Insurance Company SE | Not stated |
| Berkshire Hathaway Specialty Insurance | BHSI Australia Middle Market Property (ISR) | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Middle-market property risks with total insured values starting from AUD 15,000,000. | Berkshire Hathaway Specialty Insurance Company | Not stated |
| CGU | CGU Industrial Special Risk | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Insurance Australia Limited | Not stated | |
| Chubb | Chubb Industrial Special Risks | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Medium to large risks up to and including multinational programmes; industries include manufacturing, utilities, infrastructure, industrial/commercial property owners, engineering, transportation; modern hotels/motels (excluding pubs). | Chubb Insurance Australia Limited | Through a broker |
| Liberty Specialty Markets | Liberty Commercial Property | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Businesses or enterprises with assets valued from $20m, capacity up to $150m per risk, declared values up to $500m. | Liberty Mutual Insurance Company | Not stated |
| Liberty Specialty Markets | Liberty Corporate Property | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Risks with policy Limit of Liability in excess of $150m and declared values in excess of $500m. | Liberty Mutual Insurance Company | Not stated |
| MSIG (Mitsui Sumitomo Insurance) | MSI Industrial Special Risks (ISR) | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Mitsui Sumitomo Insurance Company Limited | Not stated | |
| Tokio Marine | Tokio Marine Industrial Special Risks Insurance | Industrial special risks (ISR) | Not stated | Not stated | Not stated | Corporate insurance for multinational corporations operating in Australia. | Tokio Marine & Nichido Fire Insurance Co., Ltd. | Not stated |
| Vero | Vero Higher Hazard Property (ISR) | Industrial special risks (ISR) | Not stated | Not stated | Outside who the policy is for | Well-managed, high-severity occupations (e.g. timber mills, woodworking, plastics, chemical production); minimum total asset value $5,000,000 and 5 years of claims history. | AAI Limited | Through a broker |
| Vero | Vero Property Insurance (ISR) | Industrial special risks (ISR) | Not stated | Not stated | No cover after 60 days | Industrial Special Risks for companies with total declared values in excess of $5 million; standard ISR wordings with endorsements; broad appetite including high hazard industries. | AAI Limited | Through a broker |
| Berkshire Hathaway Specialty Insurance | BHSI Australia Commercial Property (All Risk Property) | Industrial property | Not stated | Not stated | Not stated | Industry focus includes manufacturing, food & beverage production, transport & logistics/warehousing, real estate portfolios/property owners, healthcare, education, government & infrastructure. | Berkshire Hathaway Specialty Insurance Company | Not stated |
| Chubb | Chubb Benchmarq for Manufacturing (commercial property) | Industrial property | Not stated | Not stated | No cover after 30 days | Manufacturing businesses with revenue or declared values of up to AUD $75 million (lower middle market). | Chubb Insurance Australia Limited | Not stated |
| FM | FM Essential (manufacturing commercial property) | Industrial property | Not stated | Not stated | Not stated | Manufacturing companies with a medium-risk complexity profile. | Factory Mutual Insurance Company | Through a broker |
"Not stated" means the documents read for this page did not say, not that the cover is missing. "Left empty" is what the policy says happens once the building has been empty for that many days in a row; the brand's page has the details and the sentence behind each value. The policy's own wording decides every claim.
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