Plant and Equipment -

Plant and Equipment

Plant and Equipment Insurance for Contractors

Construction Plant and Equipment Insurance protects all types of construction equipment from forklifts and bobcats, to hole diggers, and cranes.

Insurance covers Damage, Theft and Liability arising from the use of the machines. Optional coverage is available, such as coverage for lease payments and increased costs arising from damaged machines. Due to risks relating to machinery use, we offer policies that are able to provide specific protection for these exposures.

Types of Insurance for a Plant and Equipment Insurance Policy

Plant and Equipment policies have different sections of cover. Depending on the type of machinery and tools you are using, the relevant benefits are chosen. Machinery Insurance can provide cover for:

What types of Equipment can be insured under a Plant and Equipment policy?

The range of equipment that can be insured is wide, and ranges from hand held devices to driven. Example of type of plant and equipment that can be insured includes:

What are some benefits of Mobile Plant and Equipment insurance?

A Plant and Equipment policies provide benefits that are unique for the Construction and related industries. Insurers may agree to waive their rights of recovery, provide agreed value cover, and cover items damaged whilst “On Hook”. Loss of Revenue, Lease Payments and Increased Costs are some other benefits.

What industries normally require Plant and Equipment insurance?

The types of businesses that should consider Plant and Equipment coverage include:

Earthmoving/ Excavation contractors
Mining – Drilling/ Open Cut/ Underground
Builders/ Construction/ Civil construction
Road construction/Road works
Plant hire companies (dry and wet hire)
Concrete/ Boom operators

Plant and Equipment

Plant and Equipment