The Fire Industrial All Risks Insurance provides coverage for any physical accidental loss to property insured at the business premises. Coverage is other than by an excluded cause. A single policy with separate section sum insured for property and loss of income resulting from business interruption in consequence of an indemnifiable material damage loss is provided. The combine sum insured must be more than RM50 million.
The basic premium is calculated based on application of special rate prescribed by Persatuan Insurans Am Malaysia (PIAM).