All industrial risks having overall Sum Insured of BDT 50 crores shall be under Industrial all risk policy.
Policy covers,

  1. Material damage only
  2. All risks/perils other than those which are specifically excluded.



  1. 10% self insurance applicable.
  2. Additional 10% self insurance for more than one recoverable loss within past 3 years.
  3. Deductible of 10% loss but minimum 5 lac EE irrespective of perils.
  4. All project above 5 crore Sum insured to be surveyed.



  • Damage to the property caused by faulty or defective design materials or work manship, inherent vice, latent defect etc.
  • Collapse or cracking of building
  • Corrosion rust extremes or changes in temperature,
  • Acts of fraud or dishonesty
  • Mechanical or electrical break down or derangement of machinery or equipment.
  • Bursting, overflowing, discharging or water tans apparatus or pipes when the premises are empty or disused.
  • Any willful act or willful negligence on the part of the insured or any person acting on his behalf.
  • Damage occasioned directly or indirectly in consequence of war, invasion act of foreign enemy, hostilities or warlike operations.