Boiler & Pressure Vessels Insurance
Boiler insurance (Boiler cover) is a type of insurance that provides protection against damage to boilers and pressure plants e.g. gas tanks, water boilers. A pressure vessel is a container specifically built to hold gasses or liquids at higher or lower pressure than the surroundings, while boilers typically are vessels that use heat to convert liquid to vapour.
This cover also indemnifies the insured against damage to surrounding property and Third-Party legal liability (damage to other persons property or bodily injury) that may occur during its normal course of working.
Policy covers 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.
The policy indemnifies the insured against
- Damage (other than Fire) to the boilers & pressure vessels
- Damage to surrounding property - Up to Limit agreed
- Third party legal liability (property, bodily injury that is fatal and non-fatal) due to Explosion/ Collapse/ Implosion – up to limit agreed