Plant All Risks Insurance
Plant All Risks Insurance is an insurance policy that covers mostly mobile plant and machinery items against unforeseen physical loss or damage that may arise from the occurrence of perils that are not specifically excluded from the cover.
This type of cover will cover items such as earthmoving equipment, cranes, pumps, air compressors etc.
The basis of indemnity can either be new replacement value, market related value or agreed value depending on the age and type of items and taking into account the specific requirements of the insured.
The following sections of cover are available:
Material Damage – Own Plant
Legal liability and continuing hire charges (Hired-In Plant)
Third Party Liability for road licensed vehicles