Plant and Machinery Insurance
Plant and Machinery Insurance is a versatile solution which protects mobile plant and equipment against accidental loss or damage.
- what's covered
Plant and Machinery Insurance provides protection for owned, hired or leased mobile plant, machinery and equipment against accidental loss or damage. It typically covers items such as excavators, loaders, forklifts, cranes, tractors and other specialised equipment for risks including collision, overturning, theft, fire, storm and malicious damage, with optional extensions for breakdown, hired-in plant, recovery costs, attachments and liability arising from the operation of insured machinery.
Material Damage
Your plant and machinery are among the biggest investments your business makes, and a single loss can stop a job in its tracks. Material Damage cover protects the mobile plant, machinery and equipment you own against accidental damage, fire, theft, storm and malicious damage.
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Whether it’s an excavator, bobcat, forklift or generator, this is the foundation of a plant and machinery policy, covering your owned equipment for sudden and unforeseen loss or damage wherever it’s working.
For full details of the Product Disclosure Statements, please contact us.
Hired-in Plant
Not every machine on your site belongs to you. When you rent or lease plant from a third party, the responsibility for damage often sits with you under the hire agreement. Hired-in Plant cover protects machinery you bring in on hire against loss or damage, so you’re not left paying repair or replacement costs on equipment you don’t own.
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It keeps you covered when you scale up for a project and take on plant beyond your own fleet.
For full details of the Product Disclosure Statements, please contact us.
Road Risk Liability
Heavy machinery doesn’t stay still, and the moment it moves on a public road the risk changes. Road Risk Liability covers your legal liability if your plant or machinery causes damage to third party vehicles or property while being transported or operated on public roads.
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This cover applies where the plant item is registered, and protects you against the third party costs that can follow an incident once your equipment leaves the worksite and enters the road network.
For full details of the Product Disclosure Statements, please contact us.
Breakdown
When a machine stops working, so can the job it was doing. Breakdown cover responds to the mechanical breakdown of your mobile plant, machinery and equipment, covering the sudden and unforeseen failure that stops a machine operating.
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It sits alongside your material damage cover to close a common gap, because damage from an external event and an internal mechanical failure are treated differently. For plant your business depends on daily, breakdown cover keeps a fault from becoming a standstill.
For full details of the Product Disclosure Statements, please contact us.
Transit
Moving heavy equipment between worksites carries its own risks, long before the machine reaches the next job. Transit cover protects your plant and machinery while it’s being transported between locations, covering risks such as road accidents, theft, and damage during loading and unloading.
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For businesses that shift equipment across multiple sites, this cover follows your machinery through the journey, so a loss in transit doesn’t sit on you or delay the work waiting at the other end.
For full details of the Product Disclosure Statements, please contact us.
Business Interruption (Consequential Loss)
Damage to a machine is only part of the cost when that machine is how you earn. Business Interruption, also known as consequential loss, covers the income you lose when an insured machine is damaged and taken out of action.
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It steps in to protect the earnings that stop while the equipment is repaired or replaced, so a loss doesn’t just cost you the machine, it doesn’t cost you the revenue the machine would have brought in while you recover.
For full details of the Product Disclosure Statements, please contact us.
Unspecified Attachments
Plant rarely works alone, and the attachments that go with it are easy to overlook until one is lost or damaged. Unspecified Attachments cover extends your policy to the attachments used with your machinery without each one needing to be individually listed, though limits apply.
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It’s a practical extension for businesses running a range of buckets, augers and other fittings, keeping the tools that make your plant productive covered alongside the machines they attach to.
For full details of the Product Disclosure Statements, please contact us.