
Steam boilers were high tech in the Nineteenth Century. Essential production assets, they turned the wheels and cogs of industry, and kept America’s burgeoning industrial juggernaut on track. When boilers broke down, work stopped. When they blew up (a common hazard in those days) Armageddon often followed. The disaster potential inherent in this antique technology encouraged safety inspection companies to include boiler and machinery insurance (B&M) in their service menus. The first policies were issued in 1866, and the coverage survives in altered form to this day. In the Information Age the business use for steam boilers is restricted to heating. Many enterprises don’t even have a boiler on the premises. Electronic gadgetry, especially computer-based technology, has picked up the slack and that is where much of the current B&M coverage is focused.