Boiler And Machinery Insurance
Definition of "Boiler and machinery insurance"
Covers losses resulting from the malfunction of boilers and machinery. Most property insurance policies exclude these losses, which is why a separate boiler and machinery policy or a commercial package policy id needed. The insurance covers business property, other property involved, and legal fees, if any.
Popular Insurance Terms
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Coverage underwritten on members of a natural group, such as employees of a particular business, union, association, or employer group. Each employee is entitled to benefits for hospital ...
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