Your plant and equipment are crucial to your business operations. However, managing large-scale projects and operating heavy machinery come with significant risks that need to be carefully managed. Contractors Plant or Equipment Insurance offers coverage for businesses and individuals in industries such as mining, excavation, crane hire, civil works, and related fields.
This insurance includes protection for both stationary and mobile plant equipment, road risk liability, and broad form public and products liability.
Do I need Contractors Plant Insurance?
If you work in any of the above industries and operate large-scale equipment (stationary or mobile), you need a contractor’s plant insurance policy.
What does this Insurance cover?
A Contractors Plant Insurance policy will typically cover you for material damage, road risk liability and public liability.
Cover can be arranged for single items or a fleet of plant equipment.
The most common types of plant items that are insured include:
- Cranes
- Excavators
- Concreting equipment
- Forklifts
- Farming Machinery
- Tippers
- Trailers
- Trucks
- Lifting Equipment
Important Tips
Broadform Public and Products Liability is tailored for Plant and Equipment operations, with the option to include additional activities if needed. This coverage can also be provided as a standalone policy if required.
Road risk liability coverage is available only if the plant item is registered.
Optional extensions can be added to your policy, such as breakdown cover and protection against consequential loss (loss of income due to vehicle damage).
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance Brokers, we recognise the daily risks inherent in your industry. Our specialised insurance brokers and dedicated claims team are committed to providing exceptional service, expert risk advice, and customised insurance solutions to protect you and your business.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
