Contractors Plant and Machinery

Contractors Plant And Machinery

If you’re a contractor, you know how important plants and machinery are to your business and why it’s important to have them comprehensively insured. Our Contractors Plant and Machinery Policy is an all-risk cover that safeguards your property and machinery at all times – whether they’re in operation or idle or being repaired.

Machines and equipment which can be protected under our policy

Earthmoving Equipment such as Grader, Loader, Dumper, Bulldozer, Scraper, Excavator, etc.
Concrete Mixer or Concrete Pumps
Lifting Equipment, Tower Cranes & Drilling Equipment, Road Surfacing Equipment
Batching Plant for Production of Concrete or Asphalt
Concrete or Bitumen Paving Machines

What it Covers

This policy is an all-risk policy covering loss or damage to the property by any cause. To name a few:-

Fire and Allied Perils
Landslide, Subsidence & Rockslide
Burglary and Theft
Collision, Overturning and Falling
Any other sudden, unforeseen, accidental damages not explicitly excluded

Basis of Sum Insured

The sum insured on property must represent the reinstatement value other than stocks, which should be on cost value.

Note

Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on 0112 428 428 or visit one of our nearest branches.