Blanket group boiler and machinery coverage

{
  "id": "MLC-T-INS-000569",
  "term": "Blanket group boiler and machinery coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance that covers property damage and business interruption losses resulting from the sudden and accidental breakdown of specified equipment across multiple locations under a single policy. This policy extends to a group of similar items, such as all HVAC systems or all pressure vessels owned by the insured, without requiring each piece of equipment to be individually listed. Unlike a standard property policy, it covers damage from internal events like mechanical failure or electrical arcing.",
  "url": "https://mlchart.com/terminology/insurance/blanket-group-boiler-and-machinery-coverage/"
}