This cover provides statutory inspections for certain items of plant and machinery.
The main items that require statutory inspection are:
• Boiler plant and pressure systems
• New pressure plant such as an air receiver or steam boiler which needs inspecting on purchase
• Lifting equipment
• Local Exhaust Ventilation (LEV) systems
• Power presses
Many companies have plant and machinery that is essential to the operation of their organisations. When these machines breakdown or suffer another form of loss or damage, it can result in untimely and expensive repair bills. Engineering insurance policies can be structured to provide cover for the repair or replacement of these items as well as the loss of revenue suffered as a result of their failure.