Third-party cover for personal and property damage
Boilers and Pressure Vessels are some of the most important components in steam power stations, factories, plants and mills. They are consistently subject to pressure and need to be protected by safety valves.
This means that they are constantly at high risk, and any kind of damage to these components can be crippling to the factory or plant.
Our Boilers and Pressure Vessels Insurance can help safeguard your enterprise against such instances of damage. We cover you for a variety of risks, and support you with financial help if any debilitating issue with your boilers or pressure vessels causes a stoppage in your operations.
How to Get Insured
Apply by Phone
Call us at 800 4746 (toll-free) for more information and to enrol over the phone.
Apply by Email
Drop us an email with all your details and we'll get back to you soon.
Apply in Person
Walk into one of our branches to get information, apply, and enrol in person.
No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.
No, it's not. It totally depends on you. But we would say that it is advisable.
So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount.
At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.
To be honest, we don't usually insure plastic factories. However, you can reach out to us and we can come to a decision based on your case.