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.
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:
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:
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.
The types of businesses that should consider Plant and Equipment coverage include:
Business Insurance Specialists Pty Ltd has access to all the major Australian insurers including overseas. We can provide very competitive terms for your insurance with coverage to meet your requirements.
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