Hartford Steam Boiler Inspection And Insurance Company
The Hartford Steam Boiler Inspection and Insurance Company (HSB) founded in 1866 and headquartered in Hartford, Connecticut, U.S., is a global specialty insurer and reinsurer. The company is the largest provider of equipment breakdown insurance and related inspection services in North America serving over five million commercial locations.
Hartford Steam Boiler subsidiaries include the Boiler Inspection and Insurance Company of Canada (BI&I), the largest insurer of equipment breakdown insurance in Canada and HSB Engineering Insurance Limited of the U.K., which provides engineered lines coverages and inspection services to clients in the UK., Ireland and other EU countries.
The Hartford Steam Boiler group is part of Munich Re, one of the world’s largest reinsurers. Munich Re completed its acquisition of HSB in April, 2009.
Hartford Steam Boiler Group is rated A+ (Superior) by A.M. Best Company. On October 11, 2010, A.M. Best Co. affirmed the ratings of the Hartford Steam Boiler group and its member companies.
Hartford Steam Boiler (U.S.) provides equipment breakdown coverage through a network of brokers and agents and also through other insurance companies who partner with HSB and who include equipment breakdown as a value added element of their insurance products for commercial lines and personal lines customers.
Equipment breakdown insurance, also known as “boiler and machinery,” covers physical and financial damage that results from an accidental equipment breakdown to a range of equipment, machinery and technology. Standard property coverages typically exclude perils of mechanical and electrical breakdown. Equipment breakdown coverage was originally designed for business and industry. In recent years, HSB has extended the product concept to the farm owners and home owners markets.
The company also provides a range of other specialty insurance products including insurance for identity recovery, data compromise, employment practices liability and miscellaneous professional liability that it designs and distributes through other insurance companies in reinsurance service agreements.
Hartford Steam Boiler employs over 1,200 engineers, inspectors and technicians, approximately 50 percent of its total workforce. The company uses its engineering knowledge and technical skills to help customers understand risk, reduce the potential for loss and speed business recovery if they do experience loss.
Read more about Hartford Steam Boiler Inspection And Insurance Company: Early History, See Also
Famous quotes containing the words steam, inspection, insurance and/or company:
“Now that the steam engine rules the world, a title is an absurdity, still I am all dressed up in this title. It will crush me if I do not support it. The title attracts attention to myself.”
—Stendhal [Marie Henri Beyle] (1783–1842)
“Thus the orb he roamed
With narrow search, and with inspection deep
Considered every creature, which of all
Most opportune might serve his wiles, and found
The serpent subtlest beast of all the field.”
—John Milton (1608–1674)
“Women hock their jewels and their husbands’ insurance policies to acquire an unaccustomed shade in hair or crêpe de chine. Why then is it that when anyone commits anything novel in the arts he should be always greeted by this same peevish howl of pain and surprise? One is led to suspect that the interest people show in these much talked of commodities, painting, music, and writing, cannot be very deep or very genuine when they so wince under an unexpected impact.”
—John Dos Passos (1896–1970)
““We’ll encounter opposition, won’t we, if we give women the same education that we give to men,” Socrates says to Galucon. “For then we’d have to let women ... exercise in the company of men. And we know how ridiculous that would seem.” ... Convention and habit are women’s enemies here, and reason their ally.”
—Martha Nussbaum (b. 1947)