Optima Insurance Brokers Pvt. Ltd.



Commercial Buildings, Offices, Malls, Factories, Warehouses etc. and their contents are exposed to Acts of God, fire, explosions, riots etc. Property Insurance protects a policy holder from financial repercussions of losses to assets like buildings, plants & machinery, stocks, electronic equipment etc.

Industrial All-Risk Policy (IAR) Policy

Industrial All Risk Insurance is a comprehensive policy to cover damage to all types of fixed assets from all unforeseen circumstances except for those defined in “Exclusions”. The Policy also compensates for any loss of revenue or profits following a physical damage to the fixed assets. The risks generally included in the policy are:

  • Fire
  • Explosions
  • Natural Calamities like floods, storms of all kinds, Earthquake, Landslides, Rockslides, Land Subsidence
  • Riot & Strikes
  • Malicious Damages
  • Machinery Breakdown
  • Boiler Explosion
  • Breakdown of electronic equipment
  • Loss of revenue due to any of the risks mentioned above

Property not covered under the policy includes:

  • Money cheque, stamps, bonds, credit cards, securities of any description, Jewelry, precious stones
  • Vehicles licensed for road use;
  • Property in transit other than within the premises specified in the Schedule;
  • Property or structures in course of demolition, construction or erection and materials or supplies in connection therewith;
  • Land, driveways, pavements, roads, runways, railway, etc.
  • Livestock, growing crops or trees;
  • Property undergoing alteration/repair/testing, installation or servicing, undergoing any process;
  • Damage to property being insured by any marine policy.

This policy also does not cover damage to the property insured caused by:

  • Faulty or defective design materials or workmanship inherent vice latent;
  • Interruption of the water supply, gas, electricity or fuel systems;
  • Collapse or cracking of buildings;
  • Corrosion, rust extremes or changes in temperature, dampness, dryness, wet or dry rot fungus, shrinkage, evaporation, loss of weight pollution;
  • Acts of fraud or dishonesty;
  • Coastal or river erosion;
  • Willful act/negligence;
  • Cessation of work delay or loss of market or any other consequential or indirect loss;
  • War and nuclear perils.

Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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Corporate Office

M6, M Block Market, Greater Kailash-II, New Delhi-110 048
+91-11-40 50 51 52, +91-11-40 50 51 53

Registered Office

M4, Greater Kailash-II, New Delhi-100 048

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-21 to 21-03-24
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