Plant and Equipment Insurance can be relevant to businesses that own, operate, finance, lease or hire machinery.

Examples include businesses involved in:

• Civil construction
• Earthmoving
• Building and construction
• Excavation
• Demolition
• Roadworks
• Landscaping
• Mining and quarrying
• Drilling
• Agriculture
• Forestry
• Materials handling
• Equipment hire
• Crane and lifting operations

What should be considered? #

Relevant factors can include:

• Cost of repairing or replacing the machinery
• Finance or lease requirements
• Dependence on the equipment for business operations
• Where the machinery operates
• Whether it travels between sites
• Whether it operates on public roads
• Theft exposure
• Accidental damage
• Fire
• Rollover
• Breakdown where that section is available
• Cost of hiring replacement equipment after an insured loss

The cover required can differ significantly between businesses.

For example, an earthmoving contractor operating its own excavators has different exposures from a plant hire business providing equipment to customers.

Webber Insurance generally arranges Plant and Equipment Insurance in conjunction with the activities of the business rather than considering the machinery in isolation.

Contact our team if you would like help reviewing your plant and equipment exposures.