Features & Benefits
Requirements: Factories use boilers and pressure plants as an integral part of daily production operations. As you know, these boilers and pressure plants operate at high temperatures and intense pressures. These conditions make them vulnerable to mishaps. When it comes to such equipments, a little bad luck could result in a terrible explosion or a collapse, thereby harming the people and property nearby, perhaps even causing death. Our Boiler & Pressure Plant Insurance policy is there to help you in such a time of crisis.
Benefits: Should the worst happen and the boilers and pressure plants in your factories explode or collapse, you can rest easy knowing you are prepared to face this disaster. The Boiler & Pressure Plant Insurance Policy will make sure you can repair or replace your equipment with the use of this policy. The policy can also be extended to cover damage to third party for their bodily injury and/ or property caused by the explosion or collapse.
Sum Insured: The sum insured should be the same as the present day replacement value of your equipment. It should also include cover for personal injury as well as damage to your property and third party property surrounding the boiler or pressure plant if they explode.
Premium: The amount of the premium you pay depends on the age of boiler, type of boiler you are using. Different premium rates are charged as per your machinery.
Please read the
policy wordings for more information.
*Terms & Conditions apply.