Boiler and Machinery

Equipment breakdown has the potential to stop business activities, with serious consequences to company's bottom
line. Boiler & machinery coverage, often referred to as Machinery Breakdown Insurance offers protection against
these types of losses. The coverage is available on a stand-alone basis to cover Electrical and Mechanical
breakdown, Breakdown risk for Electronic equipments and explosion / collapse, risk for Boiler/ Pressure vessels.
Covered equipment can include, but is not limited to: Gas and Steam Turbines; Engines, Pumps and Compressors;
Electric Motors, Generators and Transformers; Switchboards and other electrical apparatus; Refrigeration and Air
conditioning equipments; Computers / servers / Printers; Steam Boilers & Pressure vessels

Key Features

Machinery Breakdown

Boiler & Pressure Plant

Electronic Equipment

Machinery Loss Of Profits

Machinery Breakdown Insurance

Coverage: This policy covers for

physical loss or damage to machinery and equipment against unforeseen and sudden physical loss of, or

damage to the insured items, necessitating their repair or replacement, other than specified excluded perils.
Cover is valid during the time the machinery is in operation or rest or in the process of dismantling, overhauling or
during subsequent re-erection at the same premises.
Various add-on covers can be taken by the clients as per their protection needs.
Boiler & Pressure Plant Insurance

The Boiler and Pressure Plant Insurance policy provides coverage for all types of boilers and / or other pressure
plants.
Coverage: This policy covers

Sudden / accidental explosion and collapse risks to insured boilers / pressure plants.

Insured's own surrounding property and third party liability, arising out of a sudden and unforeseen physical
loss of, or damage due to explosion or collapse of the boiler and / or pressure plant.
Electronic Equipment Insurance

The Electronic Equipment Insurance policy provides comprehensive coverage for electronic equipment.
Coverage: This policy covers

Accidental and unforeseen physical loss or damage to electronic equipments and data media.

This policy can be extended to include additional costs the insured shall incur to ensure continued data
processing on substitute equipment if such costs arise as an unavoidable consequence, of an indemnify-able loss or
damage, during the period of insurance, to property insured under the material damage section of the policy.
Contractor's Plant & Machinery

The Contractors Plant & machinery policy covers all the construction machinery or equipments being used at a
construction site against any unforeseen and sudden physical loss of, or damage to the insured items, necessitating
their repair or replacement, other than specified excluded perils.
Machinery Loss of Profits

This policy covers consequential losses arising out of unforeseen accidental physical loss or damage to
machinery/boiler. The concerned machinery, boiler however, should be covered under a machinery breakdown /
boiler explosion policy and the admission of a claim under the material damage policy is a prerequisite for admission
of a claim under the loss of profits policy.
Coverage
The coverage includes indemnity during business interruption arising from:

Reduction in turnover

Increase in cost of working