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Boiler Explosion Insurance
Details
Boiler Explosion insurance offers protection when there is explosion or collapse of any item of plant.
Section A: Damage (other than fire)
To the particular item of Plant To other property belonging to the insured or property which is held by the insured in trust or on commission or for which the insured is liable.
Section B: Liability of Law by way of damages in respect of:
Death of or bodily injury to any person not arising out of or in the course of the employment of such person in the service of the insured. Damage to property not belonging to the insured nor held by the insured in trust or on commission nor for which the insured is responsible.
Machinery Breakdown
This insurance offers the coverage for plants and machinery to cover the cost of repairs or replacement of parts or whole machinery as a result of the unforeseen and sudden damage to the insured machinery from any cause not excluded by the policy while it is at work or at rest and/or while being dismantled, moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position within the premises. This type of insurance is very essential for all manufacturing businesses as such machinery is needed to run the production every day. Therefore, having this insurance will ease the headache of the business owners when the misfortune occurs.
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