Boiler & Machinery Breakdown business insurance coverage is available on all types of machinery, manufacturing equipment and plants across various industries.
Chubb’s capacity, expertise and global risk management programmes make us a particularly effective solution provider for large industrial companies. We offer packaged insurance solutions that provide gapless coverage and eliminate possible Joint-Loss concerns.
Whether it’s for a large utility or refinery, a medium-sized food processing or manufacturing plant, or an apartment building, condominium or hotel, Chubb can write its boiler and machinery cover either as a monoline product or as part of an all-risks package.
Coverage Highlights
Market Specialisation
- Utilities
- Pulp and paper
- Printing
- Water treatment
- Heavy industry
- Office and commercial buildings
Benefits
- Option to include cover for business interruption or additional increase cost of working
- Option to include cover for goods in cold
Coverage
- Cover for physical loss or damage to machinery whilst in operation (unless specifically excluded)
Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.
Forms and Documents
Chubb Coal Policy
Chubb’s commitment to do its part as a steward of the Earth is reflected in the company’s policy concerning coal-related underwriting and investment, which was adopted on July 1, 2019. With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022.
Have a question or need more information?
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