Difference Between Industrial Special Risk (ISR) and Packaged Policies
“Correctly Insured” is a term that is often thrown around and not always taken seriously. The truth is, insurance policies are not always structured correctly, especially when you’re talking about Commercial Property.
A key part in ensuring that a building is correctly protected is through a customised policy specifically suited to that property. A good example of this lies in the difference between Industrial Special Risk (ISR) and packaged policies (BusPacks).
The packaged policy is often the right fit for properties of lower values, however, an ISR may be a more appropriate fit where high valued properties are concerned. The ISR insurance is a comprehensive tailored policy designed to protect high valued assets, whilst also being able to accommodate multiple locations and several occupation classes.