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Boiler &amp

machinery coverage – Fired vessels, steam generators, mechanical and electrical objects and turbines, are all examples of objects that might be listed for coverage under a boiler and machinery policy. Coverage is for damage to covered property caused by an accident to an object identified in the policy’s schedule. Coverage includes extra expense, automatic ninety-day coverage at new locations, defense against liability claims, and supplementary payments like those provided under public liability policies. Insurance Services Office (ISO) has changed the name of its Boiler &amp Machinery program to Equipment Breakdown.

Boiler and Machinery Insurance

Coverage for loss arising out of the operation of pressure, mechanical, and electrical equipment. It may cover loss to the boiler and machinery itself, damage to other property, and business interruption losses.
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Covers losses resulting from the malfunction of boilers and machinery. This coverage is usually excluded from property insurance creating the need for this separate product.

Boiler and pressure plant cover

A general term for all steam or fluid pressure plant subject to the risks of explosion and collapse, including steam boilers, economisers and superheaters. The policy covers damage to the plant itself, surrounding property and liability for third party injury. Business interruption risks can also be covered under engineering consequential loss. Boiler and pressure plant equipment has to be examined at prescribed intervals. See INSPECTION CLASSES.

Boiler Explosion (Boiler and Pressure Plant) Insurance for Engineering Insurance

For Steam Generating Vessels like Boilers, Economizers, Super-Heaters, sec. Steam is also used in thermal power plants to drive the turbines. Policy covers boilers, economizers, super heaters, steam pipes, pressure vessels, other vessels under steam gas or air pressure. The perils covered are explosion or collapse, damage to boiler, pressure vessel etc, damage to surrounding property of the insured and liability to third party. Major exclusions are fire policy perils, war and nuclear perils, external explosion.