Property Damage Protection
The mandatory section protects insured property against accidental physical loss, destruction or damage, subject to policy terms and exclusions.
Property All Risk (PAR)
Broader Property Protection. Stronger Business Security.
Comprehensive property insurance that safeguards your buildings, machinery, stock and other assets against accidental loss or damage. Designed to help your business recover quickly and keep operations secure.
Wide-Ranging All Risk Protection
Comprehensive Asset Protection
Optional Business Protection
What Is Property All Risk (PAR)?
Understanding Property All Risk (PAR)
Property All Risk (PAR) Insurance protects buildings, machinery, inventory and equipment against accidental loss or damage, except specified exclusions, with optional cover for business interruption, machinery breakdown and loss of rent.
What Does It Cover?
- Protection for Physical Assets
- Buildings & Structures
- Machinery & Equipment
- Contents & Stock
- Protection Against Unforeseen Events
Example:
A factory suffers sudden accidental damage to its machinery and inventory, resulting in significant repair and replacement costs. A suitably structured PAR policy can provide protection for the covered physical damage, subject to the applicable policy terms and conditions
Coverage Components
Comprehensive Protection At Every Level
Business Interruption Protection
An optional section designed to protect against eligible financial losses arising from interruption following covered property damage.
Fire Loss of Profit (FLOP)
Where opted for, protects against eligible loss of profit and other covered financial consequences following interruption from insured property damage.
Machinery Loss of Profit (MLOP)
Where opted for, provides protection against eligible financial consequences arising from interruption following covered machinery breakdown.
Machinery Breakdown
An optional section providing protection against sudden and unforeseen physical loss or damage to insured machinery, subject to the applicable terms.
Loss of Rent
Where opted for, protection may be provided for eligible loss of rental income resulting from covered damage to insured property.
Additional Cover Options
The policy structure can be enhanced through suitable add-ons and extensions based on the insured's requirements and risk profile.
Advisory Support
Protect Your Property Before Risk Finds You
Our specialists structure cover around your needs rather than relying on a standard policy.
- 1.
Risk Assessment & Needs Analysis
We understand your assets, locations, operations and key property exposures.
- 2.
Policy Design & Placement
We structure the PAR programme around your requirements and approach suitable insurers for competitive terms.
- 3.
Policy Documentation & Support
We coordinate policy documentation, schedules, endorsements and other required documentation.
- 4.
Claims Advocacy
We support you through the claims process and coordinate with insurers, surveyors and other stakeholders.
- 5.
Annual Policy Review & Renewal
We review changes in assets, locations and operations to keep your insurance programme aligned with your evolving requirements.
Ready To Explore Property All Risk (PAR)?
Protect your property with coverage designed around your business needs.
Frequently Asked Questions
Answers to Common Insurance Queries
PAR generally provides broader physical loss or damage protection subject to policy exclusions, whereas named-perils structures respond to specifically listed insured perils.
The financial impact of a property loss may exceed the physical damage itself, requiring careful assessment of gross profit, indemnity period and dependency exposures.
Equirus Raghnall analyses asset categories, values, locations, occupancy, business interruption exposure and risk characteristics to develop a suitable programme.
Assets are reviewed according to their appropriate valuation basis, enabling accurate segregation of buildings, plant, machinery, stock and other property interests.
