The property of an Industrial customer can be insured with If's Fire Insurance or Extensive Fire Insurance, Machinery Break Down Insurance or All Risks Insurance.
Understanding your business
Modern and flexible products
Support of our risk engineers
located in Nordic countries and China.
Risk management tools
like Loss Prevention Report,and Property and Business Interruption Navigators.
Business Interruption Insurance
Business interruption insurance offers a company protection against the financial consequences of sudden and unexpected property damage.
Business interruption insurance is the easiest, most reliable, and most affordable way for a company to ensure that its operations continue, despite property damage. This insurance provides stability even if operations are disturbed or interrupted, ensuring that the company's competitive and market positions are maintained in spite of property damage.
The insurable interest is defined so that, should damage occur, the company will achieve its net return, maintain liquidity and ensure its possibility to cover both staff and fixed expenses.
The international property programme is an all-encompassing approach to property and business interruption damage risks created by If for our large or international clients. In addition to an extensive and coherent insurance cover, If offers high quality claims settling and risk management services through this programme.
If's international property programme helps to ascertain the implementation of a group's risk management policy and aims at making use of the company's own risk bearing capacity, risk transfer and loss prevention and optimising costs.
The risks of projects can be covered with a construction and Installation Insurance or a CAR/EAR Insurance appropriate for international projects. This includes Advance Loss of Profits (ALOP) or Delay in Startup (DSU) coverage.
ALOP/DSU insurance provides financial stability against financial losses incurred as a result of a delay in project completion arising out of a valid claim under CAR/EAR policy.
A project is a time-limited, independent entity which normally includes machinery, buildings and infrastructure. Parties to a project may include the customer, a supplier with subcontractors, as well as designers, supervisors and investors.