Industrial
Special Risks,
placed properly.
Specialist commercial property insurance on one all-risks contract. The building, contents, stock, plant, and the revenue it all generates. We access the market through direct insurers and specialist underwriters, and place the risk with the insurer that fits it.
- Insurer Panel
- 20+
- Policy Basis
- All-Risks
- Network
- Reply To Enquiries
- < 24h
- + many more
Plus access to Lloyd's of London syndicates via Australian specialist underwriters. Market access arranged through the Steadfast Network.
Panel current as at April 2026. Insurer appetite and binder arrangements change from time to time.
An Industrial Special Risks policy is a broad-form commercial contract. It sits on an all-risks basis and bundles property damage (Section 1) with business interruption (Section 2) in one wording.
It evolved out of the ISR Mark IV wording used across the Australian market. Instead of naming the perils it will respond to, the policy names what it will not respond to and covers everything else. Fewer arguments at claim time, fewer gaps in cover.
It is the default wording for businesses with real property, stock, or revenue at stake. Warehouses, manufacturing plants, cold storage, commercial landlords, hospitality groups, healthcare sites, and any business carrying more than a few million dollars of combined sums insured.
Read the long-form guide- Basis
- All risks, subject to exclusions
- Section 1
- Property damage - building, contents, stock, debris removal
- Section 2
- Business interruption - gross profit, payroll, ICOW
- Co-insurance
- Average clause usually triggers below 80-85% of actual value
- Indemnity
- Set to what your operation needs - 12, 18, 24, 30, 36 months
What sits inside the policy
Two primary sections and a suite of sub-limits. The structure is deliberate: Section 1 responds to the physical loss, Section 2 responds to the financial consequence. Both sit on the same wording so they respond together.
Property Damage
Section 1. Building, contents, stock.
Accidental damage to the building, plant and machinery, leasehold improvements, and stock, insured at replacement cost under an all-risks wording.
Business Interruption
Section 2. Gross profit, payroll, ICOW.
Replaces lost gross profit and insured wages while you rebuild, with an indemnity period you pick to match how long your operation would actually take to recover.
Machinery Breakdown
Sudden, unforeseen breakdown.
Mechanical and electrical failure of plant, pressure vessels, refrigeration, and the production kit your revenue depends on. Standard property wordings exclude this.
Theft & Burglary
Forcible entry, targeted theft.
Stock, contents, and tools taken following forcible or violent entry. Separate sub-limit for theft without forcible entry is usually essential for retail and hospitality.
Glass
Shopfront, partitions, signage.
Accidental breakage of internal and external glass including branded signage, mirrors, and shopfront windows, covered at replacement value.
Money & Fidelity
Cash, transit, employee dishonesty.
Money on premises during business hours, in transit, in a safe overnight, and loss caused by employee theft or fraud. Sub-limits matter here, especially for hospitality.
Why businesses with real assets put them on an ISR wording instead of a business pack.
All risks, not named perils
The burden sits on the insurer to prove an exclusion applies, not on you to prove your event was on a list. A business pack names what it covers. An ISR names what it does not.
Section 1 and Section 2 in one wording
Property damage and business interruption sit in one contract with one insurer. One renewal, one claims team, one set of definitions. Gaps between separate policies are a common reason large claims fall over.
Limits and sub-limits tuned to your exposure
Sub-limits for theft, money, glass, debris removal, and prevention of access are sized to your business, not copied off a template. The combined limit of liability matches your actual exposure.
Indemnity period that matches reality
12 months is fine for a shop that can reopen next door. It is not fine for a manufacturer with six-month lead times on custom plant. We set 12, 18, 24, 30, or 36 months to what your operation actually needs.
- Exclusions still apply War, nuclear, wear and tear, cyber, inherent vice, gradual deterioration, and mechanical breakdown unless separately insured.
- Co-insurance bites Average is triggered if declared values sit below 80 to 85% of replacement cost at the time of loss.
- These are the levers They decide whether a claim lands where you expect, which is why declared values get checked before binding.
Get a real quote,
not a generic
rate per thousand.
ISR placement usually takes around a week. Surveyors, underwriter Q&A, multiple options back. If you're tight for time, we can often pull a quote from select insurers inside 24 hours, provided the information is there.