Contractors’ Plant Equipment & Machinery Insurance
IWe provide bespoke contractors’ plant equipment and machinery insurance to protect your business against a wide range of risks.
If you work in the construction industry, it is likely you will carry our contractual site work at some point. Constructional plant equipment or machinery can be susceptible to losses from a wide range of causes. For example, plant can be stolen, damaged in transit or be destroyed by fire. Such an event could prove disastrous to the welfare of your construction business.
Contractors’ plant insurance provides protection against the cost of unforeseen loss or damage to owned plant equipment and machinery. It can also cover the legal liability under terms of any hiring agreement to pay for loss or damage caused to hired-in plant and the cost of continuing hire charges until such time as the claim has been settled.
Plant equipment and machinery insurance is often covered under a combined policy related to all contracting trades, that covers Contract Works employers’ liability and public liability, amongst other types of insurance cover. As a broker, our specialist team is able to build a tailor-made policy to match your requirements and protect your business as a whole.
Main policy features*
- Policies include protection against theft, damage or destruction by accidental or malicious means of owned and hired-in plant equipment and machinery, whether stored at your own premises, on site or in transit.
What is contractors’ plant equipment and machinery insurance?
Contractors’ plant equipment and machinery insurance is a comprehensive package that is designed to protect construction contractors from suffering significant financial losses against a wide range of risks to owned or hired-in power tools, equipment and heavy machinery.
What does plant equipment and machinery refer to?
Plant equipment and machinery can refer to everything from bulldozers and excavators to power drills and circular saws. The definition is broad, covering a wide range of construction machinery and equipment. If you’ve got a question about a specific asset, you can speak to one of our experts to discuss appropriate cover.
How much does contractors’ plant equipment and machinery insurance cost?
The cost of contractors’ plant equipment and machinery insurance is based on several factors like the type of plant equipment and machinery used, the site location, the level of coverage you choose, and your previous claims history. Our policies are bespoke, which means that our team of specialists can advise you on the right level of cover based on your specific needs.
*This information is a general guide only. Adler Fairways will assess your requirements and recommend a bespoke range of insurance solutions to meet your needs. As part of the quotation process, we will provide full details of the specific coverage, benefits, limits, premiums, exclusions, excesses payable, and any other policy conditions that would apply to the insurance we recommend for you. We currently only offer cover to businesses registered in England, Scotland, Wales, Northern Ireland, the Channel Islands and the Isle of Man.
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