Boiler and Pressure Plant
In this Industrial era manufacturing units are exposed to Boiler explosion risk within premises. Punarnava’s Boiler and Pressure Plant Insurance covers damage to boilers & pressure plant with damage to surrounding property and Third Party legal liability arising due to explosion and collapse of the boiler/ pressure plant during its normal course of working.
“Boilers and Pressure vessels are critical to the manufacturing process. Even a small damage can cause these to explode or collapse. The impact from such events could assume catastrophic proportions, both in terms of the lives that it can affect and the financial losses that it can cause.”
The Punarnava Boiler and Pressure Plant Insurance Policy covers all such risks and ensures that if such an unfortunate event occurs, your business is back to normal as soon as possible.
The policy provides coverage against:
- Property damage and personal injury due to damage to boilers and pressure vessels caused solely by explosion and collapse (other than by fire) The policy can be extended to cover:
- Damage due to explosion and collapse of pressure plant during its normal course of working to –
- The surrounding property
- The property held by the insured in trust or on commission or for which he is responsible
- Death of or bodily injury to any person
- Damage to property not belonging to the insured nor held in trust or on commission nor for which he is responsible
- Damage caused by and solely due to explosion or collapse of any other boiler or pressure Plant
