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Industrial special risk insurance

Tailored cover for businesses with high value properties, machinery, equipment and more.

What is industrial special risk insurance?

Industrial special risk (ISR) insurance generally suits larger or more complex businesses with physical assets of more than $10 million. It can provide more comprehensive cover for high value assets such as properties, commercial premises and equipment. 

The two main covers provided under an ISR policy are material damage (for property) and business interruption cover. The policy provides cover for property damage resulting from perils such as fire, natural disasters, theft or accidental damage. It also provides cover for business interruption (loss of income) as a result of the property damage. 

Examples of businesses who may need to consider ISR cover include manufacturers, warehouses, logistics firms, aged care providers, health care providers, and accommodation or hospitality businesses.

Key product highlights

Material loss or damage

If a fire or storm damages your premises, this can help cover repairing your premises and assets including buildings, contents and stock. 

Machinery breakdown

When equipment is at the core of your operations, this cover is critical. It helps reduce the impact to your business when even well-maintained equipment unexpectedly fails. For more complex businesses we also have specialised engineering options.

Business interruption

Events such as fire, floods, storms and supply chain disruptions can stall your operations and revenue. Business interruption cover can help cover the financial loss to keep things moving.


No matter the circumstance, theft is always a blow. This can help cover the loss of your contents and stock due to theft at your premises, even by your own employees.

Why use a broker?

Choosing business insurance means navigating through products, coverages and policy terminology – with a sales pitch as your only guide. An experienced broker will spot your unique set of risks, match you to the right choice, and advocate for you on price.

Why Marsh?

Why should you choose Marsh to arrange your insurance solutions?

Trusted by 130 associations

We are proud to be the endorsed insurance broker for more than 130 Australian industry groups and member associations, developing insurance solutions that help meet the risk and insurance needs of businesses across a variety of industries.

Local expertise

Our Australia-wide network of brokers have spent years at the coalface supporting business owners manage their unique risks in a fast-changing market. They keep ahead of the latest market insights both local and global and break down the jargon into your language.

Claims support

Handling an insurance claim can quickly become overwhelming, not least when your time is stretched to the limit keeping your business going in the backdrop. We help take the load off and manage, negotiate and settle claims with insurers on your behalf.

Tailored advice

With access to industry data and insights, our experts are best placed to help you understand and assess your business’s unique risks, and find the best cover.

Supporting growing business

However your business is expanding or evolving, our brokers will always be by your side to guide you in finding the right risk solutions.

Award-winning experts

Marsh is a recognised industry leader, winning Large Broking Company of the Year numerous times at the Australian Insurance Industry Awards.

Frequently asked questions

You should consider this cover if your business is growing or expanding, and/or you have more than $10 million in assets (including gross profit). 

Insurance is an integral part of any enterprise – whatever the size – but without the right protection, you may risk significant loss or damage.

Without the right protection, you may risk losing everything you’ve worked so hard to achieve to one event – be it a storm, fire or burglary.

Generally speaking, for this cover to be financially feasible, your business needs to have assets in excess of $10 million. This makes it more suited to medium-to-large businesses such as manufacturers, warehouses, logistics firms, aged care providers, health care providers, and accommodation or hospitality.

Some typical exclusions would include:

  • War, revolution, nuclear radioactivity
  • Wear and tear
  • Design error
  • Registered vehicles
  • Livestock
  • Aircraft.

However, there can be a number of other exclusions under each section of the policy, so make sure you familiarise yourself with these and ask your Marsh advisor questions.

When it comes to purchasing industrial special risk cover, there’s no one-size-fits-all – it all depends on the nature and size of your operation. 

There’s a lot to consider, and insurers require more from bigger businesses before they agree to write insurance for you, which is why it’s important to seek professional advice from an expert industrial special risk insurance advisor who can work with you to arrange the right cover, quickly and easily – so you can rest assured that you’re going to get the cover you need, and not pay more than you have to for your insurance cover.

No. Workers compensation is not included.

This is a general overview of the policy. Please call us and ask for a copy of the insurer’s policy wording. We recommend you read the policy wording so you have an understanding of the policy terms, conditions and exclusions before you decide whether this policy suits your needs.

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LCPA 23/279

Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.