Engineering : Boiler Pressure Vessels
As boilers & pressure vessels may be covered together with other machines under a Machinery Breakdown Insurance, they can also be covered with more specific product, the Boiler & Pressure Vessels Insurance.
The insurance provides financial protection to cover loss or damage to industrial boilers, fired and unfired pressure vessels against the risk of explosion and collapse due to internal pressure which are inherent in all such steam generating equipment. The insurance covers:-
- Damage to boilers and pressure vessels caused solely due to explosion or collapse.
- Damage to surrounding property belonging to you such as building, machinery, stocks etc.
- Legal liabilities on account of fatal or non-fatal injuries to persons and/or properties of third party.