BOILER AND PRESSURE VESSEL (BPV)

Comprehensive boiler and pressure vessel insurance covering multiple risks and third-party liabilities.

PROTECTING THE HEART OF YOUR OPERATIONS, SO YOUR BUSINESS KEEPS RUNNING SMOOTHLY

Sukoon Boilers and Pressure Vessels (BPV) Insurance covers critical components in steam power stations, factories, plants, and mills, ensuring they are safeguarded against operational risks. Boilers and pressure vessels are constantly under pressure, and any damage can severely disrupt operations and impact productivity. Our policy covers a variety of risks and provides financial support in case damage to these components leads to stoppages, helping your business stay operational and resilient.

WHAT’S COVERED

  • Your liability on account of fatal or non-fatal injuries to any persons other than your own employees or workmen, or members of your family
  • Damage (other than fire) to any boiler or pressure vessel
  • Explosion or collapse of any boiler or pressure vessel in the course of ordinary working
  • Your liability for damage to property not belonging to you

your questions answered

We are here to help. Find the most commonly asked Boiler and Pressure Vessel Insurance questions.

No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.

No, it's not. It totally depends on you. But we would say that it is advisable.

So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount.

At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.

To be honest, we don't usually insure plastic factories. However, you can reach out to us and we can come to a decision based on your case.

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