What is boiler & pressure plant insurance?

In this Industrial era manufacturing units are exposed to Boiler explosion risk within premises. Boiler and Pressure Plant Insurance covers damage to boilers & pressure plant with damage to surrounding property and Third Party legal liability arising due to explosion and collapse of the boiler/ pressure plant during its normal course of working.

  1. Physical loss or damage to boilers and/or other pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items.
  2. Damage (other than fire ) to the boilers & pressure vessels damage to surrounding property – up to limit agreed.
  3. Third party legal liability due to explosion/ collapse/ Implosion – up to limit agreed.
  1. Fire, smoke, soot, aggressive substance lightning, theft, collapse of buildings, subsidence, landslide, rockslide, water
  2. Accident loss damage and/or liability resulting from overload experiments or tests requiring the imposition of abnormal conditions​ 
  3. Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts
  4. Nuclear reaction, nuclear radiation or radioactive contamination.​
  5. Willful act or willful negligence
  6. Wear and Tear
  7. Inherent defects​
  8. Lack of maintenance
  9. Consequential loss
  1. Physical loss or damage to boilers and/or other pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items.
  2. Damage (other than fire ) to the boilers & pressure vessels damage to surrounding property – up to limit agreed.
  3. Third party legal liability due to explosion/ collapse/ Implosion – up to limit agreed.
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