While many policies have a Public Utilities clause, the ISR policy provides the widest cover as standard.

Care must be taken with policies that refer to “public utilities”, as many utilities have now passed from government (public hands) to private enterprise.

Under a base Mark IV ISR policy, the cover is limited under the Public Utilities memorandum for water, electricity and gas supplies located on or adjacent to the insured premises or words to that effect.

The Customers’ & Suppliers’ Premises cover in the base ISR policy is as good as you will find in any Business Pack wording.

The typical Prevention of Access memorandum would not protect the Insured unless there was total prevention of access to the insured premises.

The typical Prevention of Access cover would cover prevention of access as defined in the wording from any insured peril to property that is not excluded by the policy.

While there is a basic Prevention of Access cover under the ISR policy, it may be prudent to seek an extension of cover for Port Blockage and/or Isolation by Landslide or Flood.

The Premises Forming Part of a Complex memorandum provides business interruption cover where the Insured sustains damage to their premises, say water damage, from some other tenancy within the complex.

Under an ISR policy and most Business Packs, interruption to the business due to damage at a drawcard attraction near the Insured’s business but not forming part of the same complex, would not be covered except by special endorsement.

The General Area Damage endorsement under an ISR policy is where the insured business suffers a downturn due to a general downturn in the economy in response to a natural disaster caused by an insured event such as bushfire or cyclone.

The Registered Vehicles and/or Trailers memorandum, whether it be in an ISR policy or a Business Pack wording, provides business interruption cover following damage or destruction of registered vehicles and/or trailers stored at the situation, despite the fact that disruption to the registered trailer or vehicle may be specifically excluded by the policy.

The Registered Vehicles and/or Trailers memorandum is wide enough to cover damage to a registered truck that is damaged by hail when the vehicle is parked on the side of the road while on an interstate trip.

Disruption to the business as a result of damage to computers used by the Insured, which are located at a webhosting company, would only be covered under an ISR policy if the location of the computers was recorded on the Schedule as one of the situations insured.

Penalties due to the late supply of built-in cupboards and custom-made desks by a cabinet maker to a property developer, as a result of a fire at the cabinet makers premises, which are detailed in the contract between the property developer and cabinet maker, creating the contractual obligation, would be covered by a Contractual Fines & Penalties extension under a typical Mark IV ISR policy.

Brokers or insurance advisers that belong to a large international firm or cluster group need not know all the covers available in the market, but can simply rely on the product that has been developed for use by their organisation.