March 2012
An agent should always consider the possible need for boiler and machinery insurance for all accounts surveyed—even if there is not an obvious boiler or machinery exposure. Things to check include such typical items as air conditioning equipment, vital machines (or their key parts) that are not readily and quickly replaceable, and off-premises utilities with on-premises service entrance, piping, plumbing, or wiring.
The survey of boiler and machinery exposures requiring insurance should begin with an inspection by the insurer's boiler and machinery specialists. This inspection should encompass all boilers and other pressure vessels, as well as all other machinery and equipment eligible for boiler and machinery insurance. The resulting report should include a description of every item of eligible equipment, a statement about its condition and what it is used for, and its cost to insure.
The following items should be checked for their applicability for an insured. In this regard, it is generally good to consult with the insured's operating management to obtain information about the operations firsthand.
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