Boiler & Pressure Plant Insurance

The intense pressure and the high temperatures generated by boilers and pressure vessels in factories are highly vulnerable to loss and / or damage due to explosion or collapse, and also may cause extensive collateral damage to the property in the vicinity. This policy is designed to offset such mishaps.

What it covers:

• Damage to the boilers and/or pressure vessels caused by and solely due to explosion or collapse

• Damage to the insured's own surrounding property

• Third-party liability for death or bodily injury or damage to third-party property

Basis of the sum insured:

Should represent the new replacement value of the plant inclusive of freight, customs duties, and erection cost