Construction and engineering projects rely heavily on plant and equipment that are exposed to a wide range of risks, including damage, theft and accidental loss. Plant All Risks Insurance is designed to protect this valuable equipment while it is in use on site, in transit or in storage.
This cover provides comprehensive protection for owned and hired plant, helping businesses manage the financial impact of unexpected damage or loss during the course of a project.
Physical Loss or Damage
Protection against sudden and unforeseen damage or loss of insured plant and machinery from insured events.
On-Site, Transit and Storage Cover
Cover applies while equipment is operating on site, being transported between locations, or stored at approved premises.
Hired-In Plant Cover
Includes protection for hired plant, subject to policy terms, ensuring liability for loss or damage is adequately managed.
Third-Party Liability
Cover can be extended to include legal liability arising from the use of insured plant that causes damage to third-party property or injury to third parties.
Tailored Engineering Protection
Plant All Risks Insurance can be structured to suit the specific nature of construction and engineering operations, taking into account the type of equipment, operating conditions and project exposure. This ensures plant and machinery remain protected throughout the project lifecycle, reducing financial disruption and operational risk.
