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Reliance General Insurance

Reliance Boiler and Pressure Plant Insurance Policy Features

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 even​ts 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.

Key Benefits:

  • 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

Reliance Boiler and Pressure Plant Insurance Policy Coverage

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
  • 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

​Special Features:

The policy provides for following extensions:

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

​Reliance Boiler and Pressure Plant Insurance Policy Exclusions

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