Boiler & Pressure Plant Policy
Comprehensive coverage for boilers and pressure plants against damage, explosion, and operational risks
Boiler and Pressure Plant Insurance provides essential protection for industries using boilers and pressure plants that generate steam. The policy covers physical loss or damage to these critical assets, safeguarding against potential risks like explosions or collapses. It can also be extended to include third-party liability and other specific risks, ensuring comprehensive coverage for businesses operating in high-risk environments.
Key Benefits
- Covers physical loss or damage to boilers and pressure plants
- Protection against explosions, implosions, and collapses
- Option for third-party liability coverage
- Reduces financial risk and exposure in high-risk industries
- Ensures continuity of operations in case of equipment failure
Health Cover Up
to ₹50 Lacs
What is Boiler & Pressure Plant Policy?
Boiler & Pressure Plant Policy covers damage to boilers and pressure equipment, protecting against risks like explosions and collapses to ensure safe operation and minimize financial loss.
Why do you need Boiler & Pressure Plant Policy?
Ensure Safe Operations
Safeguard your business from explosions, collapses, and equipment failure risks.
Minimize Financial Loss
Safeguard against costly repairs and third-party liabilities.
Comprehensive Equipment Coverage
Cover all types of boilers and pressure plants to avoid unexpected damage.
Risk Mitigation for High-Risk Industries
Ensure continued operations in industries relying on high-pressure equipment.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Boiler & Pressure Plant Policy cover and exclude?
Plan Coverage
Explosion, Implosion, and Collapse Coverage
Protection against damages caused by sudden pressure plant malfunctions.
Boiler & Pressure Vessel Damage
Safeguards against physical loss or damage to boilers and pressure vessels.
Surrounding Property Damage
Coverage for damage to surrounding properties due to plant failure, within specified limits.
Third-Party Liability Protection
Financial protection against third-party bodily injury or death caused by boiler or pressure plant accidents.
Third-Party Property Damage
Covers damage to third-party property (not under commission) caused by explosion or collapse during normal operations.
Mechanical Breakdown Coverage
Coverage for breakdown or malfunction of boilers and pressure plants in the course of normal use.
Explosion & Collapse Risk Management
Comprehensive protection against explosion, implosion, and collapse risks that affect plant safety.
Legal Liability for Third-Party Injuries
Financial safeguard against third-party claims for injury or death directly resulting from plant operations.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Fire and Related Perils Exclusion
Excludes damage caused by fire, lightning, or other related unforeseen perils.
War and Nuclear Perils
No coverage for damages resulting from war, civil commotion, or nuclear incidents.
Wear and Tear Exclusion
Excludes claims for normal wear, tear, and corrosion not leading to explosion or collapse.
Negligence or Willful Act
Does not cover damage caused by intentional acts, carelessness, or negligence.
Pre-existing Defects and Faults
Excludes damage due to pre-existing defects or faults in the equipment.
Natural Calamities Exclusion
Damage caused by natural disasters such as earthquakes or floods is not covered.
Improper Maintenance
Excludes losses arising from failure to maintain or service the equipment as recommended.
Electrical and Mechanical Failures
Excludes damage caused by electrical or mechanical failures not related to an explosion or collapse.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Boiler & Pressure Plant Policy can be registered in the below circumstances:
- Explosion, implosion, or collapse causing damage.
- Mechanical breakdown or failure of the equipment.
- Third-party damage or injury due to equipment failure.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
