Contractors Plant and Machinery Insurance

Protects contractors against the damage of various civil engineering projects

Contractors Plant and Machinery Insurance

Specially designed to protect the interest of civil contractors against the damage to or destruction of various civil engineering projects (like dwellings, office, hospitals, tunnels, channels etc).

Policy is designed to cover loss or damage caused to civil contractors.

This policy covers plant and machinery for any physical damage.

Premium depends various factors such as type of equipment, use of the equipment, etc.

The policy provides coverage at the construction site.

Coverage is offered for damage / defects during the subsequent period of maintenance.

Additional coverage includes terrorism damage, third party liability, etc.

It offers cover for clearance & removal of debris.

Premium can be collected in instalments.

What it covers?
Exclusions

What it covers?

Fire and Lightning.
Accidental damage like defective workmanship and material, lack of skill, Negligence, Malicious act or Human error.
Water damage, Flood, Storm, Tempest, Inundation.
Collapse, Collision, Impact.
Theft & Burglary.
Subsidence, landslide, Rockslide.

Exclusions

Loss or damage due to War or Warlike operations, Civil Commotion etc.
Loss or damage due to Wilful act or Negligence of the Insured or of his representative
Loss or damage due to Nuclear reaction, Nuclear radiation or Radioactive contamination
Loss discovered only at the time of taking an inventory
Loss or damage due to normal wear and tear, Gradual deterioration due to atmospheric conditions or lack of use, Rust
Loss or damage due to faulty design

Download Our App:

Contractors Plant and Machinery Insurance