Plant and Equipment Insurance can be relevant where a builder owns, leases or is responsible for larger mobile machinery or construction equipment.

Examples can include:

• Excavators
• Skid steers
• Loaders
• Cranes
• Forklifts
• Earthmoving equipment
• Other mobile plant

What can Plant and Equipment Insurance cover? #

The available cover depends on the insurer and policy.

Depending on the policy, cover can be available for risks such as:

• Accidental damage
• Theft
• Fire
• Vandalism
• Damage in transit
• Other insured loss or damage

Mechanical breakdown should not automatically be assumed to be included. Some policies provide it, while others require a separate section or extension.

Tools and plant are different #

Portable tools such as drills, saws and testing equipment are generally treated differently from larger plant.

You can read more about insuring builders’ tools.

Financiers or equipment leases can also impose insurance requirements.

These should be checked against the relevant finance or lease agreement.

Contact our team if you would like help reviewing how your construction plant and equipment should be insured.