Plant & Equipment Insurance

Service Description

Plant & Equipment Insurance provides coverage for the loss, theft, or damage of machinery, tools, and equipment used in construction, civil engineering, and contracting operations. This insurance is essential for businesses that rely on heavy equipment or specialized tools, protecting valuable assets and ensuring continuity of operations. Covered Assets include: - Owned Equipment - Machines, tools, vehicles, and mobile plant owned by the business. Examples: Excavators, bulldozers, cranes, compressors, generators, power tools. - Hired or Leased Equipment Coverage can include plant and equipment leased or hired from other companies. Often includes an indemnity clause if equipment is damaged while under hire. - Stored or In-Transit Equipment Protection extends to equipment in transit to and from worksites or stored off-site. - Accessories and Attachments Coverage often extends to essential attachments, such as buckets, drill bits, or hydraulic tools.