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Mobile Plant & Machinery Insurance

Mobile Plant & Machinery Insurance Policies

Machinery and equipment insurance policies provide protection for most types of plant and equipment in the earthmoving, construction, crane, agriculture and mining industries.

These include:

  • Cranes / Tower Cranes
  • Earthmoving Equipment – Backhoes, Excavators
  • Forklifts / Scissor Lifts
  • Lifting Equipment
  • Concrete / Water Truck
  • Drilling Machines – Rock Breakers / Borers
  • Farming Equipment / Machinery
  • Forestry Equipment – Wood Chippers / Mulchers

An Overview Of Common Policy Coverage

  • Material Damage

    Sudden and unexpected physical damage or destruction of a machine.

  • Third Party Road Risk Liability

    Legal Liability for Personal Injury and/or property damage of a registered vehicle. This can also extend to road vehicles with temporary road permits, if agreed with insurer.

  • Public & Products Liability

    Legal Liability for Personal Injury or Property Damage caused by an occurrence in connection with the insured. (Note: Some insurers provide limited cover for Public (General) Liability only.

  • Care, Custody & Control (Hook) Liability

    Legal Liability for property damage or destruction to third party property in your physical possession or legal control.

  • Consequential Loss

    Loss of income cover as a result of damage to a Machine which subsequently causes an interruption to the business and income (does not include substitute hire costs).

  • Hired In Plant

    Liability to hirer arising from damage to a machine that has been hired in for the purpose of use in accordance with their business activities.

  • Breakdown

    Cover the reasonable costs to repair the machine to its condition prior to the breakdown (excludes wear and tear, lack of maintenance claims).

  • Other Policy Feature

    You also should consider the policy features and benefits, as these vary from insurer to insurer and some are not automatically covered and/or have a sub-limit.

    These include:

    • Accessories/ Tools
    • Expediting Costs
    • Recovery Costs
    • Indemnity Hirer
    • Multiple Crane Operation (Multi-lifting)
    • Appreciation in value of Machinery
    • Additions/Deletions of Machines
    • Owners Protections
    • Unintentional Non-Deliberate Overload
    • Windscreen Replacement
    • Dry Hire
    • Substitute Hire Costs
    • Damage Waiver (Hired Out Plant)
    • Wet Hire / Dry Hire Extensions
    • Finance Protection
    • Underground Risk Limitations / Exclusions

Phone 07 3340 6770 or get an online insurance quote now.

2018-07-10T22:55:22+00:003 May, 2017|Categories: Business Insurance|