Commercial Insurance

Key benefits - covers loss or damage to boilers and pressure plants

This policy is designed to cover various types of boilers and pressure plants against the risk of any loss and/or damage due to explosion or collapse.

The policy covers boiler and other pressure plants against the following contingencies:

  • Damage to the boiler and/or pressure plant due to explosion or collapse
  • Damage to your other property arising out of above accident on payment of additional premium.
  • Legal liability towards damage to third-party property and/or personal injury arising out of above accident on payment of additional premium

Main exclusions

The policy does not cover loss or damage in respect of:

  • Fire and allied perils
  • War and nuclear perils
  • Overload experiments
  • Gradually developing flaws, defects, cracks, partial fractures
  • Wear and tear
  • Failure of individual tubes unless resulting in explosion or collapse
  • Loss for which the manufacturer or supplier or repairer is responsible
  • Willful act, willful damage or gross negligence
  • Consequential losses
  • Breakdown of equipment

This is not an exhaustive list.

For further details and quotation, talk to us today at 1800-103-2292 (Toll free) or visit one of branches

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