Those in commercial settings that have a boiler or machinery in their facility should strongly consider an add-on boiler insurance policy. If for example, your restaurant's boiler malfunctions and explodes, what is covered and what isn't can get a bit tricky. Most likely if patrons or employees are injured, they would be covered under your commercial property policy barring any boiler exclusions. What the boiler insurance can help cover, though, is sudden and accidental breakdown of your insured object.

Six categories of objects fall under a machinery and boiler insurance policy. Those items are pressure and refrigerator objects, mechanical objects, electrical objects, turbine objects, comprehensive including production machines and comprehensive excluding production machines.

To find help with boiler insurance information:

1. First, look at your equipment inventory. Do you own any of the following items that may require boiler insurance: steam boilers, electric motors, compressors, engines, flywheels, air tanks or furnaces?

2. Find help with boiler insurance through qualified professionals.

3. Use boiler insurance information to learn about training that may help reduce your costs.

Action Steps
The best contacts and resources to help you get it done

Begin with general boiler insurance information

Find a wide variety of boiler insurance advice by studying up on definitions, articles, background and historical information.

I recommend: Delve into the topic of boiler insurance with AllBusiness.com. Look at information on whether or not boiler insurance is for your business. Check out the glossary of boiler insurance terms from Saftek. BNET offers a comprehensive look at boiler insurance, including background and historical references. Find additional boiler insurance background and historical reference from the state government of Oregon.

Work with qualified professionals for boiler insurance advice

Speak with a variety of boiler insurance consultant service providers to learn more about boiler insurance information and about what policies might be right for your business.

I recommend: Look at the products and services through Hartford Steam Boiler Inspection and Insurance. They offer specialty insurance, inspection services as well as risk management services. Mutual Boiler Re has been serving clients since 1877. They cover businesses in the U.S. and in Canada. Look at the coverage that Travelers Business can give you for boiler and machinery coverage. Consider the commercial boiler insurance services of First Southeast Insurance Services.

Reduce the costs for your boiler insurance through training

Those who have passed industry standards for training may have the opportunity to reduce your boiler insurance costs because of the increased attention to maintenance and repair you can offer your business.

I recommend: Learn from HPAC Engineering how boiler operator training might reduce your insurance costs. Look at training opportunities through the National Board of Boiler and Pressure Vessel Inspectors. With them you can study all phases of boiler and pressure vessel manufacturing, operation, maintenance, repair as well as alteration. Check out the education and training available through the American Society of Mechanical Engineers.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  There are four different types of extensions to boiler insurance coverage that you can consider. Expediting expenses coverage helps reimburse for reasonable extra expenses to make temporary repairs (e.g. employee overtime or expedited shipping charges). Automatic coverage for newly acquired locations, which gives you automatic coverage for 90 days at your new location. Defense coverage gives you additional liability coverage, and supplementary payments to help in defense costs.
• •  Did you know that most of your boiler insurance premium is used for inspection services rather than loss protection?