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 Reliance 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.
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• Extensive coverage for risks associated with boilers and pressure plants
• Numerous extensions like damage to surrounding property, third party liability, express freight, air freight and additional customs duty available
• Flexible as the insured can choose coverage limits for extensions

• 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

• Liability of the insured at law on account of –
  • 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

The policy provides for following extensions:

• Express freight, overtime, and holiday rates for wages
• Airfreight
• Additional customs duty

This policy does not cover damage due to:

• Fire and related perils
• War and nuclear perils
• Overload experiments / tests imposing abnormal conditions
• Gradually developing defects not requiring stoppage
• Normal wear and tear, corrosion not leading to explosion / collapse.
• Willful act / negligence
• Loss for which the manufacturer is responsible
• Pre-existing defects & faults
• Consequential losses