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Boiler & Pressure Plant Insurance

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The Boiler and Pressure Plant (BPP) Insurance policy covers physical loss or damage to all types of Boilers and/or other pressure plants, where steam is being generated.This policy covers for physical loss or damage to boilers and/or other pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items.

  • Coverage Includes
    • Damage (other than by fire) to the Boiler and/or other Pressure Plant described in the Schedule/Damage (other than by fire) to surrounding property/Liability to Third Party due to
    • Explosion
    • Collapse - Implosion
    • Flue gas Explosion.
  • General Exclusions
    • Loss or damage arising from fire and allied perils which can be covered separately.
    • Damage by chemical explosion except in recovery boilers and waste heat boiler.
    • Contractual liability, manufacturers/suppliers liability, consequential loss of use of boiler.
    • Loss arising from an existing defect.
    • War group of perils, Social group of perils.
    • Nuclear perils.
    • Loss due to gross negligence or any willful act or willful neglect on the part of Insured.
    • Failure of individual tubes.
    • Wearing, wasting of boiler materials, Grooving of fracturing of any part of the boiler, general deterioration etc.
  • Additional Covers
    • Express freight
    • Air freight
    • Owners Surrounding Property
    • Escalation
    • Third party Liability
    • Additional custom duty
  • Warranties
    • As the Boilers and Pressure Plants come under the purview of Statutory Regulations, the following warranties are applied under the Policy:
    • Boilers are annually inspected by competent authority.
    • The Boilers shall only be operated by attendants holding a valid certificate of competency issued under appropriate Boiler Act.
    • The unqualified permission in writing by the inspecting Authority to operate the boiler.
  • Rating
    • Type of Boiler
    • Age of Boilers
    • Extensions opted