Ensure equipment reliability while mitigating property and safety risks
The unexpected loss of critical production machinery, utilities and electrical equipment can cripple or significantly reduce plant operations or product quality. Boiler and Machinery (B&M) Engineering measures the risk and exposure by evaluating critical path assets, preventative and predictive maintenance programs, as well as spare parts and contingency plans. The aim of B&M Engineering is to prevent incipient “issues” from turning into real problems that could result in an asset or production loss.
B&M Engineering helps operations and maintenance teams refocus and better consider the possibilities for low frequency, high impact events. B&M and machinery breakdown risk consultants are able to measure the risks and exposures, then provide recommendations to mitigate or control the risks and exposures.
Boiler explosions and the force they produce can be catastrophic. According to the National Board of Boiler and Pressure Vessel Inspections, even a home hot water tank, if overheated, can send a car flying 14 stories at 85 miles per hour. Larger, jurisdictional boilers and pressure vessels can produce forces of even greater strength and danger.
While boiler risks can threaten operations in a wide variety of industries such as manufacturing insurance claims related to property and other economic losses in the power industry have skewed heavily toward events related to machinery breakdown. In fact, a major insurance brokerage estimates that as many as 67 percent of the insurance claims filed by the power industry were related to B&M risks. Such data illustrates the potential impact of B&M risks, the undisputed need to better understand the root causes of such losses and how to more effectively manage them.
TÜV SÜD Global Risk Consultants (GRC) services enable your organization to achieve its specific loss prevention goals and objectives for your critical equipment including boilers, deaerators, pressure equipment and more. We support you in developing action plans to control losses and avoid breakdowns, while enabling you to identify, track and trend specific concerns. In addition to concentrating your resources on critical needs, we identify ways to improve operational efficiencies.
Our experts are located across the globe and hold experience in a wide variety of industries. Our B&M services are tailored to meet the needs of your business, taking into account safety concerns, hazards, occupancies, regulatory requirements, and more.
We analyze facilities’ production, process operations and utility systems to identify and quantify loss exposures. For every site visit, we deliver a loss prevention report with loss estimates and underwriting information. All of this data belongs to the client through our recommendation dashboards on GRC Connect. Using this data, you are able to choose the right insurance and risk programs for you.
We provide on-site evaluation of preventive and predictive maintenance programs (such as vibration monitoring, infrared imagery, mechanical and dielectric oil analysis programs, etc.). We also provide on-site evaluations of critical (bottleneck) utility equipment (electrical, cooling and refrigeration, natural gas supplies, etc.), spare part management programs, contingency plans, etc.
We support your needs with a combination of specialized loss control engineers and our jurisdictional services group. Our experts implement industry-specific mechanical Integrity programs and assist with O.S.H.A. Process Safety requirements.
Our B&M Engineering program concentrates on the preventive and predictive aspects of pressure vessels and evaluation of original thickness and operating criteria, non-destructive test methods, frequency of inspection, results and operating life expectancy. Mechanical Integrity and code compliance are additional services that we have the capacity to offer as needed.
In addition to inspection services, we offer a variety of in-person and online training opportunities designed to help businesses mitigate against risks and stay up to date on the latest techniques, regulations, and more.
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Bosnia and Herzegovina