This is a combined policy and basically incorporates fire, fire consequential loss, theft, and accidental damage perils. With this policy, there will be no need of taking out Fire and Fire Consequential Loss Policies as well as Burglary. This policy is however subject to a higher deductible than the individual policies.

The policy is issued under two sections and provides indemnity against all those risks not excluded by the policy. Section A covers Material damage to the insured’s property e.g. Buildings, Plant & machinery, stocks, furniture fixtures & fittings, etc. Section B covers the consequential loss e.g. Gross profit, wages, and Auditor fees.

Note this is a customer-designed policy for very large industrial corporations. It combines wide covers, large deductibles, and individualized rating methods.