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Reliance Industrial Insurance |
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Reliance Boiler and Pressure Plant Insurance Policy
Features
Boilers and Pressure Vessels are highly critical components of manufacturing and industrial units. Any damage to these vessels could have devastating effects in the form of their explosion or collapse. The impact from such events could assume cataclysmic proportions, both in terms of the lives that it can affect and the financial losses that it can cause. We understand the far reaching consequences of these perils and our Boiler and Pressure Plant Insurance Policy can come to your rescue and ensure that if such unfortunate situations arise, your business is up and running as soon as possible.
Key Benefits
• Extensive coverage to the risks associated with boilers and pressure plants
• A host of extensions available such as damage to surrounding property, third party liability, express freight, air freight, additional customs duty etc
• Flexibility for the Insured to choose the coverage limits for the extensions
Policy Coverage
The policy provides coverage against property damage or personal injury due to damage to boilers & pressure vessels caused solely due to explosion or collapse (other than by fire).
The policy can be extended to cover:
• Damage to Surrounding Property arising or to property held by the insured in trust or on commission or for which he is responsible due to explosion and collapse of the pressure plant during its normal course of working
• Liability of the Insured at law on account of:
a). death of or bodily injury to any person (other than a person under a contract of service or apprenticeship with the Insured sustaining death or bodily injury which arises out of and in the course of employment with the Insured);
b). damage to property not belonging to the Insured nor held in trust or on commission nor for which he is responsible; caused by and solely due to Explosion or Collapse of any Boiler or other Pressure Plant
Reliance Electronic Equipment Insurance Policy
Features
Today electronic equipment is a part and parcel of all businesses, whether big or small. From computers to medical devices, industrial equipments to electronic cash registers, companies all over the world are increasingly relying on the latest technology as a backbone to aid their day-to-day operations. It becomes imperative to cover these equipments against the perils that they are exposed to, so as to ensure the continuity of your business and safeguard your investments. The Reliance Electronic Equipment Policy is the ideal solution for such an insurance need, providing coverage for unforeseen physical loss or damage to your equipments.
Key Benefits
• Specialized product providing extensive coverage under three sections
• Covers material Damage of Equipment, both in terms of partial and total loss
• Expenses incurred on restoration of data covered
• Ensures business continuity by covering additional costs for continued data processing
Policy Coverage
The Policy provides coverage under three sections:
Section 1: Equipments
This Section covers any unforeseen and sudden physical loss or damage to electronic equipments.
Section 2: External Data Media
This Section pays for expenses incurred within 12 months from the date of occurrence of loss, necessary for restoring the insured data media to pre-accident condition.
Section 3: Increased Cost of Working
Covers all additional costs incurred to ensure continued data processing on substitute equipment.
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