Mega Risk Insurance Policy
One Policy. Unlimited Protection. Comprehensive Cover for High-Value Industrial and Infrastructure Projects.
600+
Satisfied Businesses
10,000+
Claims Handled
99.3%
Claims Disposal Ratio
2005
Inception year
All-in-One Mega Risk Insurance Policy: Plant, Machinery Breakdown, Loss of Profit & More
What is Mega Risk Insurance?
The Mega Risk Insurance Policy provides complete protection for large industrial, commercial, and infrastructure enterprises that operate with high-value assets and complex risk exposures. It consolidates multiple coverages under a single, high-limit policy — designed for organizations where traditional insurance may not be enough.
Every business needs mega risk insurance because it:
- Protection for property, plant, machinery, and stock against physical loss or damage
- Compensation for lost profit or revenue following an insured event
- Covers sudden mechanical or electrical breakdown of major equipment
- Protects against damages to third-party property or injury claims
- Fire, flood, earthquake, storm, explosion, and more
- Terrorism, Cyber Impact, Debris Removal, Professional Fees
What Does Mega Risk Insurance Cover?
| Covered Risks | Fire & Lightning | Explosion / Implosion | Riot, Strike & Malicious Damage | Storm, Cyclone, Flood | Impact Damage | Leakage from Sprinklers | Add-on Options |
|---|---|---|---|---|---|---|---|
| Description | Accidental fire, lightning strike damages | Of boilers, gas cylinders, machinery | Losses caused by civil commotion | Natural calamity damage | From vehicles or falling objects | Included by default | Earthquake, Terrorism, Loss of Profit |
Ideal for These Sectors
Power Plants
Refineries & Petrochemicals
Manufacturing Units
Cement & Sugar Factory
Large Commercial Complexes
Customize Your Mega Risk Insurance
Material Damage
Increased Cost of Working (AICOW)
Machinery Breakdown Loss of Profit
Contamination & Pollution Cleanup
Business Interruption Protection
Environmental Liability Safeguard
Simple, Transparent Claim Process
1
Inform insurer within 24 hours
2
Submit claim form & incident report.
3
Surveyor assessment
4
Claim settlement within 7–10 days
Real Business. Real Protection.
Auto Manufacturing Plant – Complex Breakdown
A sudden, unforeseen mechanical breakdown halted the main assembly line for 35 days. The Mega Risk policy covered the $1.5 million in repair costs and $4.2 million in Business Interruption losses, ensuring financial stability during the extended downtime.
Why Businesses Trust Insurance Manager
Global Risk Engineering & Modeling
Bespoke Policy Wording & Negotiation
Dedicated Claims Management Team
International Underwriting Partnerships
High-Limit Capacity Sourcing
Frequently Asked Questions
What is the key difference between Mega Risk and standard IAR?
Mega Risk policies are highly customized, often for risks with Sum Insured $\ge$ ₹2500 Cr (varies by insurer), and involve extensive underwriting flexibility. They can include covers (like terrorism or specialized machinery loss) as core features rather than add-ons.
Does this policy cover risks outside India?
No, it can be structured to include Global Assets or International Supply Chain Risks and losses that directly impact the insured Indian operations, often through bespoke endorsements.
What is the typical claim settlement basis?
For assets like machinery and buildings, the settlement is primarily on a Reinstatement Value (New for Old) basis. Business Interruption is based on the agreed-upon Annual Gross Profit and Maximum Indemnity Period.
Don’t wait for an accident to realize the value of the right policy.
Protect your factory, profits and peace of mind today.
© Insurance Manager — Mega Risk Insurance Specialists
- Privacy
- Terms
- Contact