Plant And Machinery Insurance

Plant machinery insurance protects your business against loss or damage to physical equipment and machinery.  Plant cover can include items such as production line machinery, vehicles, computer systems and tools.

Plant insurance cover can be tailored to your specific needs, but typically it will protect against specific risks and loss or damage caused by things like accidents, fires, floods, storms and theft of your own plant machinery.

If you are a building contractor or a hiring company wanting to learn more about the claims process or insurance cover for either your own machinery or hired plant, call us to speak to an insurance expert or insurance broker today to get the best price.

Yes, you need plant insurance and machinery insurance. You are responsible for the safety of any plant machinery while it is in your possession, if it suffers damage, you will be responsible for leal expenses and getting it repaired or replaced. 

However, if you hire machinery, it may affect the length of time you need to take out insurance for. Plant cover for hired plant machinery is known as plant hire insurance, or  Hired In Plant insurance , which can cover the cost of replacing the damage  together with any continuing hiring charges a hiring company may be liable for while the item of plant is replaced.

Costs will vary depending on the size of your business, how much plant and machinery you need, its value and the number of people working on your site. Ultimately, the insurance provider will be assessing you as a risk to see how likely you are to make a claim and, if you do, how much they will have to cover. 

You may limit the amount of plant insurance cover on offer in order to reduce monthly premiums, but this can be risky. Although you may be paying less in the short term, you may have to pay more if plant machinery is damaged.

We realise that every customer’s plant machinery and plant insurance needs are different, so we cover a wide range of machinery. This includes everything from concrete mixers and dozers, to loading shovels and looms. If you operate from a business premises, you may also have your own plant machinery which you need to insure. 

If you are unsure whether your machinery will be covered under plant machinery insurance, it is best to speak to an insurance broker.

There are a few different types of insurance that can cover your plant and machinery, including:

Plant machinery insurance – this is the most comprehensive type of plant cover, and can protect against a wide range of risks including damage caused by accidents, fires, floods, storms and stolen machinery that can leave you paying tens of thousands in financial losses if your owned  plant machinery or hired plant is not covered.

Product liability insurance cover – covers the cost of loss of damage if your own plant machinery cause injury to other people or property damage. Without plant insurance cover, many businesses end up having to pay compensation and deal with legal liability/ legal expenses out of their own pocket.

When choosing plant and machinery insurance, it’s important to consider the specific needs of your business. You’ll need to think about the type of equipment you have (e.g., concrete mixers), the risks it’s exposed to, and the level of insurance cover you need.

It’s also a good idea to speak to an insurance expert like an insurance broker, who can advise on the best plant and machinery insurance policy for your business so that you don’t end up having to pay compensation and facing legal liability for accidental damage.

An equipment breakdown policy is insurance that provides coverage for the repair or replacement of machinery and equipment that breaks down. This type of insurance can help protect your business against the financial losses that can occur as a result of equipment failure.

Equipment breakdown policies can cover a wide range of items, including production machinery (like concrete mixers), vehicles, computer systems and tools to protect you against the financial loss of legal action.