What does Engineering Insurance mean? Read on to discover the definition & meaning of the term Engineering Insurance - to help you better understand the language used in insurance policies.
In the United Kingdom, a policy that provides boiler and machinery (BM) inspection services as well as coverage for the pressure vessel and any internal accidents. Outside the United States, particularly in the United Kingdom, a property policy provides coverage for property damage (PD) resulting from a boiler explosion but not for damage to the object itself. Coverage for the boiler and inspection services must be separately arranged under an engineering insurance policy.
We hope the you have a better understanding of the meaning of Engineering Insurance.