Boiler & Machinery
Today's competitive environment means more and more businesses operate on a
"24/7"schedule, so not only do their staffs work hard, their equipment does
too. The result: increased chance of breakdowns and potentially serious
consequences for a company's bottom line. Boiler & Machinery (B&M)
coverage, also known as machinery breakdown insurance, can help protect your
business against losses of this type. We are qualified to perform
jurisdictional inspections of boilers and pressure vessels to ensure compliance
with codes in North America and other parts of the world, as well as
inspections in conjunction with the insurance contract. We can spot trends and
patterns quickly using our database on equipment operations and failures and
advise you on preventative actions needed to reduce risks. Coverage is
typically written as an integral part of an "All Risk" property program, but
can be done on a "stand alone" basis as well. The "All Risk" program covers
electrical and mechanical breakdown, boiler/pressure vessel breakdown and steam
explosion, and can be expanded to include the various time element exposures.
Covered equipment can include, but is not limited to:
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Steam boilers
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Unfired pressure vessels
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Gas, water and steam turbines
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Engines, pumps and compressors
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Electric motors, generators and transformers
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Switchboards and other electrical apparatus
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Refrigeration and air conditioning equipment
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Production equipment
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