Industrial All Risk Insurance (IAR) in Thailand
What is IAR Insurance?
Industrial All Risk (IAR) refers to an insurance policy that provides extensive coverage for buildings and assets against nearly all forms of damage or loss, unless specifically excluded in the policy. It goes beyond basic fire insurance and is ideal for commercial properties, industrial facilities, and residential complexes such as condominiums. Whether the risk arises from fire, natural disasters, theft, or even accidents like a vehicle collision, IAR helps absorb the financial impact.
Types of Important Industrial Insurance
IAR Industrial All Risks Insurance
An all-inclusive insurance solution for property and industrial assets.
This policy provides comprehensive protection for damage to buildings, machinery, equipment, electrical systems, and production facilities caused by unexpected events such as:
- Fire, lightning, explosion
- Flood, storm, earthquake
- Theft or malicious damage
- Damage caused by electrical failure or power systems
- ️ Damage caused by cooling systems or other essential systems
The policy can also be extended to include Business Interruption coverage compensating for income loss due to production stoppages.
PL Public Liability Insurance
Protecting Against Third-Party Legal Liability
Provides coverage for compensation when the insured party is legally liable due to bodily injury or property damage caused by factory operations, such as:
- Accidents from machinery
- Falling stock in the warehouse
- Fires spreading to others property
Fidelity Guarantee Insurance
Protection Against Employee Dishonesty or Fraud
Covers loss or damage to the company's property caused by employee dishonesty such as theft, embezzlement, or fraud involving financial mismanagement or asset misuse by staff with fiduciary duties
BI Business Interruption Insurance
Income Protection Against Operational Disruption
Provides compensation for lost income due to interruptions in business operations-e.g., a fire incident forces a production halt. The policy also covers continuing fixed costs such as salaries, administration expenses, etc.
Our Trusted Insurance Partners
We collaborate with leading local and international insurance companies to ensure our clients receive comprehensive, high-quality, and responsive coverage tailored to their specific business needs.
Bangkok Insurance
A leading Thai insurer with extensive experience in underwriting industrial, building, and high-value property insurance across major sectors.
CHUBB Insurance
An international insurer based in the U.S., specializing in high-risk coverage including advanced technology losses and comprehensive third-party liability.
ERGO Insurance
Part of the Munich Re Group, ERGO offers expert risk analysis and customized insurance solutions for both corporate and industrial clients across professional sectors.
Dhipaya Insurance
One of Thailands top insurance companies under partial government ownership, known for its strong financial stability and large-scale underwriting capability across sectors.
Our Clients
We serve businesses of various sizes, from medium to large enterprises, across multiple industrial sectors, such as:
- Electronic component manufacturing plants
- Food processing factories
- Plastic, rubber, and metal forming factories
- Warehouses and distribution centers
Client Example: PJT Technology Co., Ltd.
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