About Policy :
Extreme temperatures and intense stresses in boilers and pressure vessels demand the highest level of expertise and care. It’s an environment where even a smallest mistake can result in equipment failure and significant replacement costs. BGIC’s Boiler and Pressure Vessel Insurance in addition to the boiler or pressure vessel itself, covers any damage to an expensive plant or damage to the property of or bodily injury to a third party in the event of explosion or collapse of the boiler or pressure vessel.
Scope of Cover :
- Damage (other than by fire) to any boiler or pressure vessel described in the Schedule and to other property of the Insured.
- 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’s family, caused by and solely due to explosion or collapse as hereinafter defined of any boiler or pressure vessel.