Industrial fire insurance is designed for relatively large projects with more than 50 employees.
Object of the insurance is the real and personal property owned or for which the insured is responsible in Iran.
In mortgaged or pledged property insurance may be taken out in favor of the creditor.
Base insurance cover includes loss or damage resulting from fire (including the effects of firefighting), lightning, explosion or implosion, aircraft , parts or cargo, as well as costs incurred by the Insured for limiting damage due to an insured event.
The Industrial Fire insurance Covered under the policy is property belonging to or rented on legal grounds or held in care or in custody or control by the insured, Industrial centers include all foodstuff, beverages, tobacco products, textile, cloth, leather, wood, paper, cardboard, printing and bookbinding, chemical products, non-metal mineral products, basic metals and by-industries.
Building, installations, machinery, raw materials and contents of each of the centers may be insured in Bimeh Iran (Iran Insurance Co.) at the day current price against the risks of fire, explosion, lightning and additional risks mentioned in the policy.