Cover your plant and machinery at different projects.
The execution of almost all projects necessary requires use of various types of plant and machinery. The nature and the type of equipment may differ according to the nature, type and location of a project and may even differ at different stages of the project. Such equipment may comprise of cranes, compressors, road-rollers, vibrators, welding sets, hydraulic excavators and the likes. While it is possible to have the contractor’s Plant and Machinery covered under an EAR or CAR Policy at speciﬁc project sites, Contractors’ Plant and Machinery (CPM) Insurance has been designed to provide a cover on annual basis to a contractor who may be using his plant and machinery at different projects during the course of the year.
The policy can be taken by the Owner, Lessor or Hirer (where responsible either legally or through a leasing agreement) of the Machinery/Equipment.
The need of Plant and machinery insurance is more than ever before due to the following reasons
It covers all the damage/loss of the insured’s machinery such as cranes, bulldozers, compressors, etc. The advantage of this insurance policy is that it provides cover to the insured’s machineries irrespective of the fact that they are working / at rest/ dismantled for cleaning purposes.
Below are the detailed inclusions and exclusions of our Contractor’s Plant & Machinery Insurance
Any contractor’s plant & machinery equipment like excavators, rollers, dumpers, and earth moving equipment, cranes, drilling machines etc. which are utilized in the construction or Erection site can be covered under this policy.
Yes, it should be informed as each equipment has a unique serial number.
UIN No. For Retail: IRDAN115RP0022200708 For Commercial: IRDAN115CP0051201920 Product Code: 5005
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