A Contractors Plant and Machinery Insurance covers unforeseen and sudden external physical loss or damage from any cause including:

  • Burglary, theft, riots & strike and malicious damage.
  • Fire and lightning, external explosion
  • Natural perils like Storm, Tempest, Flood, Inundation, subsistence, landslide, rockslide etc
  • Accidental damage while at work due to faulty man handling, dropping or falling, collapse, collision and impact.

This cover is operative whilst the equipment is at work or at rest or being dismantled for cleaning or overhauling or re-assembling thereafter.
Policy can be bought only after successful commissioning of the machinery

Add on covers available for an extra premium:

  • Owners surrounding policy
  • Clearance and removal of debris
  • Additional customs duty
  • Express freight
  • Air freight
  • Dismantling and shifting to a new location
  • Escalation of cost
  • Earthquake
  • Terrorism
  • Third Party Liability

This policy does not cover:

  • The Excess as stated in the Schedule
  • Loss or damage due to electrical or mechanical breakdown/failure
  • Loss of or damage to replaceable parts such as bits, drills, knives or other cutting edges, saw blades, dies, moulds etc.
  • War and nuclear perils
  • Wilful act/negligence of the insured
  • Contractual liability, manufacturers guarantee
  • Consequential loss or liability of any kind or description