Plant & Equipment
This form of insurance provides an indemnity for all plant and/or equipment (including spare parts and tools) of every kind and description owned or used by you or for which you may be responsible from time to time.
This policy needs to be carefully considered, as many contractors' Plant and Equipment policies vary in respect to the sum insured. In some cases insurers will impose a true market value definition as the sum insured. Alternatively other insurers provide a replacement value for a limited period of time (generally the first 12 months).
Typical equipment insured under this policy includes mobile cranes, tower cranes, earthmoving equipment, aerial access equipment, drilling and concreting equipment, etc.
Broad coverage for static and mobile equipment.
A Plant and Equipment policy covers:
MATERIAL DAMAGE TO THE PLANT & EQUIPMENT
DRY HIRE FOR THE EQUIPMENT YOU OWN
TRANSIT COVER TO & FROM WORKSITES
NON-AGGREGATION OF EXCESS
(WHEN 2 OR MORE VEHICLES ARE DAMAGED IN THE ONE INCIDENT)
AGREED VALUE WHEN REQUESTED
HIRED-IN PLANT AND EQUIPMENT
Call us on 1800 150 888 and speak to one of our friendly staff.