Safeguard your boiler and pressure plant with comprehensive insurance coverage. Protect against equipment failure, operational risks, and damage.

Anything in stress situation can burst, be it living being or non-living being. Humans do feel physical stress due to the result of not having enough sleep, poor diet, or maybe due to illness. They get mentally stressed due to emotionally devastating events such as loss of loved ones, family issues, lack of personal confidence, work pressure, etc. Similarly, there are non-living objects which do feel pressure and are known as pressure vessels. Let us learn more about them!

Liquids, vapors, and gases can’t be stored and transmitted into a normal vessel and hence are stored in pressure vessels with specific dimensions and constructions. As these substances (liquids, vapors, and gases) exerts an amount of pressure on the walls of vessels in all the directions, the stresses include on a specific section of the pressure vessel’s wall. The pressure vehicles are usually of cylindrical or spherical shape and are used to store fluids under high pressure.  Pressure vessels are used in steam boilers, in the storage of chemicals in chemical plants, storing petroleum products like petrol, diesel, etc. They are also used in engine cylinders. Since these pressure vessels are bound to work under immense pressure or vacuum, they are prone to accidents. They can be very dangerous when fails and hence should be reviewed to ensure its compliance with technical standards. If these standards are not met, the captured energy in the pressure vessel tends to expand due to various reasons which lead to either loss of plant and sometimes even lives.

Apart from this, the structure is complex in itself due to the piping systems connected with other pressure vessels and boilers. To avoid such situations, the prevention is always better by keeping these pressure vessels and boilers under insurance, namely, Boiler and Pressure Plant Insurance.

Boiler and pressure plant insurance covers the damage to the boiler and pressure plant caused due to non-fire incidents. The policy is restricted to the boiler and pressure plant owned in the premises. The policy cover is used during the incidents of explosions, implosion, and collapse. There are various Boiler Plants. What kind is yours..

The policy covers the following:

1.  The damage to the boilers and pressure vessels other than fire

2.  The damage to surrounding property, up to fixed limits, arising due to the explosion and collapse of the pressure plant during normal working

3.  Liability of the Insured at law on account of:

4.  Any injury or death of a person other than the person under the contract of service

5.  Damage to the property which is not covered under the policy, only in case of explosion or collapse during ordinary working

The policy doesn’t cover the following:

1.  Fire, smoke, soot, aggressive substance lightning, theft, collapse of building, subsidence, landslide, rockslide, water

2.  Accident loss damage and/or/liability resulting from overload experiments or tests requiring the impositions of abnormal conditions

3.  Loos or damage for which the manufactures or supplier repairer of the property is responsible either by law or under contracts

4.  Political risks

5.  Nuclear reaction, nuclear radiation or radioactive contamination

6.  Willful act or willful negligence

7.  Wear and tear

8.  Inherent defects

9.  Lack of maintenance

10. Consequential loss

Additional Premium cover:

1. Express freight

2. Air freight

3. Owners surrounding property

4. Third party liability

5. Additional custom duty

 P.S: several extension to the policy and other benefits can be added as per the requirement. Policy can be customized, please discuss your requirements.