What type of insurance covers losses arising from the use of steam boilers or other machinery?

Boiler and Machinery Insurance is specifically designed to cover losses related to the operation of steam boilers, machinery, and equipment. This type of insurance addresses risks associated with machinery breakdown, including physical damage to the equipment itself as well as any ensuing business interruptions or operations losses. It provides coverage for the repair or replacement of machinery and can also encompass liability for damages that may result from the operation of this equipment.

In contrast, property insurance primarily covers physical assets such as buildings and personal property against risks like fire or theft, but does not specifically focus on the unique hazards posed by machinery. General liability insurance addresses a wide range of potential liabilities stemming from business operations but does not cover machinery-specific risks. Lastly, workers' compensation insurance provides benefits for employees injured during work but does not cover the machinery or associated operational losses. Hence, Boiler and Machinery Insurance is the most relevant policy for protecting against losses related to steam boilers or machinery use.