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.
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.
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.