Plant and Equipment Insurance
Plant and Equipment Insurance covers you for a variety of construction items such as excavators, bobcats, portable tools and forklifts etc. This Insurance is essential to protect your business against issues such as damage, theft and transit. Cover can also be extended to cover the moving of equipment from one worksite to another.
Earthmoving and Excavation Equipment
This coverage protects specialized heavy machinery used in construction and industrial projects. It safeguards equipment like excavators and bulldozers against accidental damage, mechanical breakdown, and environmental challenges, ensuring businesses can quickly replace or repair critical equipment and minimize operational disruptions
Civil Works
Civil works insurance protects infrastructure and construction projects, covering equipment and machinery used in civil engineering applications. It addresses risks associated with large-scale construction projects, protecting investments in infrastructure development, road construction, and utility installations.
Public & Products Liability
This component protects businesses from third-party claims related to property damage or personal injury caused by equipment or business operations. It provides financial protection against compensation claims, legal expenses, and potential settlements, mitigating significant financial risks.
Road Risk
Road risk insurance covers equipment during transportation between worksites, protecting against damages that can occur during transit. It addresses potential risks such as accidents, theft, and environmental challenges associated with moving specialized construction equipment.
Wet & Dry Hire
Wet and dry hire insurance offers protection for equipment rentals, covering both operator-included (wet hire) and operator-excluded (dry hire) scenarios. It provides financial protection for equipment owners and hirers against potential damages and liability issues during equipment use.
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Don't let the complexity of insurance get in the way of your peace of mind. Simply fill out the form and one of our expert insurance brokers will contact you to help you find the coverage you need.
Who needs Plant and Equipment Insurance?
Plants and Equipment Insurance is crucial for construction companies, civil engineering firms, contractors, and businesses that rely on specialized machinery and equipment, especially those operating in high-risk environments or frequently transporting equipment.
What types of equipment are typically covered?
The insurance typically covers a wide range of construction and industrial equipment, including excavators, bobcats, forklifts, portable tools, heavy machinery, and specialized construction vehicles and tools.
How are claims processed in Plants and Equipment Insurance?
Claims are processed by assessing damage extent, verifying incident circumstances, and determining appropriate compensation through documentation submission, expert equipment evaluation, and comprehensive policy review.
Can the insurance be customized for specific business needs?
Yes, Plant and Equipment Insurance can be tailored to meet unique business requirements, offering flexible coverage options adjusted to equipment types, operational risks, transportation needs, and specific industry challenges.
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Why work with Knightsbridge Insurance Group?
Knightsbridge Insurance Group is an Insurance Broking Business with over 70 years of collective insurance experience and is founded on generational values that make you feel secure, protected and cared for. As we grow and expand the Knightsbridge Family, we continue to have a deep understanding of your desire to innovate and be extraordinary — both in business and in life.
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