Contractors’ Plant and Equipment

We provide comprehensive insurance cover that allows maximum flexibility for equipment that is owned on an unscheduled basis (discounts are available for itemised schedules).

Hired in plant is covered on a legal liability basis and includes the cost of continuing hire charges.

From owner-operators with one excavator to major construction companies or plant hire companies with fleets worth millions – we have the solution.

Core Products and Covers

• Annual Owned and Hired in Plant with options to include:
  • Employees Tools
  • Breakdown
  • Machinery Movement
  • Terrorism

Who Do We Work With?

We have a wide appetite with no automatic declines. Quality and a proactive approach to risk management drives our selection criteria; however, the following trades are our core target:

• Plant Hire Companies
• General Builders/House Builders
• Civil Engineering/Ground Works
• Demolition Contractors
• Piling Contractors

Features and Benefits

Wide standard annual cover including benefits such as:

• Reinstatement as new for plant less than 12 months old
• Plant on free loan or demonstration
• No limitations in respect of hired in plant conditions (e.g. HAE)
• No additional time deductible for continuing hire charges
• Insured property is covered during transit by water subject to a £50,000 limit
• No inner limits or exclusion in respect of theft from unattended vehicles
• Cover for loss of keys and damage to security devices

Tailored cover enhancements for certain trades or clients considered including:

• Extended reinstatement as new period
• Contract Waiver (no CPA hire requirement)
• Breakdown cover

Premium discounts and reduced excesses for security measures such as:

• CESAR (Construction Equipment Security & Registration)
• Immobilisation devices
• After-theft tracking system

Capacity:

• Any one item £2,500,000
• Any one loss £10,000,000

Larger risks are considered on a selective basis