BOILER AND PRESSURE VESSEL INSURANCE

If there shall occur explosion or collapse of any item of boiler or pressure vessel subject to the exclusions, terms, and conditions under this Policy, we will indemnify the Insured against the physical damage to any boiler or pressure vessel and third party property damage or third party bodily injury.

 

WHAT IS COVERED?

 

SECTION A: PROPERTY DAMAGE (OTHER THAN BY FIRE)

  1. any boiler or pressure vessel;
  2. other property belonging to the Insured or property which is held by the Insured in trust or on commission or for which the Insured is responsible.

 

SECTION B: THIRD PARTY LIABILITY

Liability of the Insured at law in respect of:

  1. damage to property not belonging to the Insured;
  2. fatal or non-fatal injuries to any person other than the Insured's own employees or workmen or members of the Insured's family.

caused by and solely due to explosion or collapse as hereinafter defined of any boiler or pressure vessel described in the Schedule whilst in the course of ordinary working.

SOME OF EXCLUSIONS

SECTION A: PROPERTY DAMAGE (OTHER THAN BY FIRE)

 

  1. any boiler or pressure vessel;
  2. other property belonging to the Insured or property which is held by the Insured in trust or on commission or for which the Insured is responsible.

 

 

SECTION B: THIRD PARTY LIABILITY

Liability of the Insured at law in respect of:

  1. damage to property not belonging to the Insured;
  2. fatal or non-fatal injuries to any person other than the Insured's own employees or workmen or members of the Insured's family.

caused by and solely due to explosion or collapse as hereinafter defined of any boiler or pressure vessel described in the Schedule whilst in the course of ordinary working.

  • Defects
  • Consequential loss
  • Damage and/or liability caused by the wilful act or wilful neglect of the Insured
  • Loss sustained by stoppage of work
  • Loss or damage directly or indirectly typhoon, hurricane, volcanic eruption, earthquake or other convulsion of nature

STANDARD EXCLUSIONS

STANDARD EXCLUSIONS

  • Deductible stated in the policy
  • War and Civil War
  • Cyber Attack
  • Terrorism
  • Political Risks
  • Information Technology Hazards
  • Radioactive Contamination
  • Nuclear Energy Risks
  • Sanctions Limitation
  • Asbestosis
  • Infectious Diseases

 

WHAT IS THE RISK INFORMATION FOR OUR PRICING?

 

These are some of the important risk information which we need to obtain from you so that we can indicate you a quotation or premium charge:

  • Client information
  • Nature of Business
  • The amount of insurance cover
  • Maker’s Name and No.
  • Year of Manufacture
  • Maintenance
  • Loss History in the past 5 years

DOWNLOAD DOCUMENTS

PROPOSAL FORM