In all construction projects, heavy machinery and earth moving equipments play a significant role. From hauling and moving materials to excavating earth and debris, generation of power round the clock, it is all done by machinery, plants and equipments like fork lift trucks, compressors, bulldozers, pile driving devices, drilling machines etc. While these plant and machinery play a crucial role, they are prone to accidental damage and breakdown, which necessities the need for a Contractors Plant and Machinery Insurance Policy to minimize risk associated with such circumstances. A Contractor plant and machinery insurance policy protects your business from losses in such unwanted business scenarios
Scope of cover
The policy broadly covers loss or damage to the contractor’s construction modile equipment such as bulldozers, cranes, excavators, compressors, etc., due to an Accident arising out of external perils.
The cover is operative while the insured property is at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or during Subsequent re-erection.
The policy does not cover loss or damage due to:
Electrical or mechanical breakdown
Defective lubrication or lack of oil or coolant
Any sort of damage for which the manufacturer or supplier is responsible
Any consequential loss
Loss or damage to vehicles used for general road use, unless working on the specified construction site
We work on your behalf to get you the best rates. Fill the from below to here from us