This Policy provides financial security for the Insured during the Period of insurance of the loss of or damage to property and liability of the insured arising from all types of boilers and pressure plants stated in the Schedule.

• Financial Security: Covers high-cost repairs/replacement of boilers and pressure vessels.
•  Third-Party Protection: Protects the insured against lawsuits and compensation claims.
•  Business Continuity: Minimizes downtime costs after an accident.
• Regulatory Compliance: Many jurisdictions require boiler explosion insurance under law.
•  Comprehensive Cover: Protects insured equipment, surrounding property, and third parties in one policy.
•  Peace of Mind – Ensures smooth business operation without major financial setbacks.

This Policy covers the following:

1      Damage (other than by fire) to any boiler or pressure vessel described in the Certificate/Schedule hereto and to the other property of the Insured,

2      Liability of the Insured at Law for damage to property not belonging to the Insured,

3      Liability of the Insured at Law on account of fatal or non-fatal injuries to any persons other than the Insured’s own employees or workmen or members of the Insured 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.

Provided that the liability of the Company in respect of any one boiler or pressure vessel in any one year of insurance does not exceed the sum insured set opposite thereto in the Schedule and, in respect of damage to other property of the Insured and third party liability, the limit of indemnity so specified in the Schedule.

Provided also that in case of any claim against the Insured for damages as aforesaid the Company will in addition pay all costs and expenses recovered by any claimant against the Insured or incurred with the written consent of the Company in resisting such claim.

The Company shall not be liable for:

1- The deductibles stated in the Schedule to be borne by the Insured;

2- Damage and/or liability caused by the wilful act or omission or gross negligence of the Insured or his representatives;

3- Defects due to the wearing away or the wasting of the materials of a boiler or a pressure vessel, whether by leakage, corrosion or by the action of the fuel or otherwise, the grooving or the fracturing of any of the parts of a boiler or pressure vessel, or for deterioration generally, or for the development of cracks, blisters, laminations and other flaws, or for fractures, failure of joints or for bulging and deformation due to overheating of tubes (unless such defects, fractures, failures or bulging result in explosion or collapse), or for cracking of sections of cast-iron heating boilers or other vessels constructed of cast-iron.

4- The failure of individual tubes in boilers of the water tube, locomotive or other multi-tubular types, in superheaters or in economizers (unless such defects result in explosion or collapse);

5- Damage to property belonging to the Insured or held by him in trust or on commission for which he is responsible, caused by fire arising from explosion or collapse or any other cause whatsoever, or damage to the plant resulting from any extraneous cause;

6- Loss sustained by stoppage of work;

7- Loss or damage which either in origin or extent is directly or indirectly, proximately or remotely occasioned or contributed to by any of the following, namely:

a/- typhoon, hurricane, volcanic eruption, earthquake or other convulsion of nature,

b/- loss or damage directly or indirectly caused by or arising out of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion, military or usurped power, or malicious persons acting on behalf of or in connection with any political organization, confiscation, commandeering, requisition or destruction of or damage to property by order of the government de jure or de facto or by any public authority.

c/- any tests other than tests at a pressure not exceeding the maximum pressure permitted by the inspecting authority.

8- Any loss, destruction, damage or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material or radioactive contamination;

In any action, suit or other proceeding where the Insurers allege that by reason of the provisions of exclusions above any loss, destruction, damage or liability is not covered by this insurance the onus of proving that such loss, destruction, damage or liability is covered shall be upon the Insured.

Our expert staff can help/advise you on our wide range of covers and assist with designing a policy at the most competitive premium.

We settle claims quickly. Although the amount of time required to settle each claim varies based on the severity, extent and nature of the loss, you can be sure People and Partners will settle the claim as quickly as possible

Our expert staff will quickly and clearly advise you on the requirements for the policy. Once you've provided us with all the details needed to design your policy, we'll ensure full protection at the most competitive price.