Policy snapshot
This policy provides cover for boilers and pressure vessels against explosion risks during operation, including third-party damage and legal liability.
What is Boiler and Pressure Plant Insurance?
Boiler Insurance protects pressure vessels from explosion-related risks and legal liabilities. It’s vital for industries using steam or high-pressure equipment.
What can it cover?
- This policy covers sudden and accidental explosion or collapse of insured boilers and pressure plants during operation. It also includes liability for third-party injury or property damage, and damage to surrounding assets. Optional terrorism coverage adds an extra layer of security in sensitive locations.
Who should consider it?
- Pharma, food processing, textile, chemical, and power industries, Facilities with heating systems or pressure operations, Any unit using licensed boilers and steam systems
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers damage from explosion, collapse, or implosion", "Includes third-party liability and personal injury", "Surrounding property and plant damage covered", "Terrorism and STFI (storm/tempest/flood) covers optional"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.