Products / Business, property and cargo
Industrial special risks insurance
Material loss or damage and business interruption cover for larger industrial and commercial sites, plant and stock, insured situation by situation.
Industrial Special Risks
PLACEHOLDER · the Commons draft wording is in preparation
Commercial
Commercial, placed through brokers.
On Cuttleflow Go
A Go template on illustrative rates that quotes only until the wording is published. Marketplace: opens when the class’s conditions are met. In the demo on fictional data.
The broker lists each situation with its address, occupation and declared values. Each situation is scored on its construction, occupancy, protection and exposure, and that score sets a hazard class from 1 to 5 whose rate applies to its material damage and business interruption values. One policy can insure up to 1,000 situations. The terrorism levy, fire levies, GST and stamp duty are charged situation by situation, in each site’s own state. A building let to tenants goes to commercial property owners insurance; a smaller business’s premises to the business package.
Brokers
Place industrial special risks with every market in the class
Submit the schedule once to every eligible market and compare the quotes side by side to advise your client.
Underwriting agencies
Launch industrial special risks on Cuttleflow Go
Your own rates and rules, on the Commons wording once it is published, ready for Marketplace brokers when the class opens.
The industrial special risks wording is placeholder text until its Commons draft is published, and the rates in the demo are illustrative. The Commons wordings are working drafts, subject to legal review. General information only; not advice about any policy.