Contractors Plant and Equipment Insurance

Contractor's Plant and Machinery (CPM) play a crucial role in the execution of construction and engineering projects. Damage or loss to this equipment can lead to project delays and financial strain. At UniTrust Insurance Broker LLC, we understand the importance of having the right cover for your valuable machinery, which is why we collaborate with our trusted insurance partners to arrange comprehensive Contractor's Plant and Machinery Insurance policies for you. The policies aim to protect you from sudden and unforeseen physical loss or damage to your plant and machinery during construction. We guide you in selecting policies that safeguard your equipment, enabling you to stay focused on the successful completion of your projects.

Cover for loss or damage to contractor's plant and machinery

Cover for equipment in transit

Cover for machinery at rest

Cover for machinery under operation

Additional customs duty

FAQs:

What does Contractor's Plant and Machinery Insurance cover?

Contractor’s Plant and Machinery Insurance policies that we arrange offer coverage against sudden and unforeseen physical loss or damage to the plant and machinery used at the construction site.

Is the machinery covered while in transit?

Yes, the policies we arrange can provide cover for the machinery during transit between project sites.

Are the machines covered when they are idle or under operation?

Indeed, the policies arranged by UniTrust cover machinery both at rest and under operation at the project site.

Does Contractor's Plant and Machinery Insurance arranged by UniTrust cover additional customs duties?

Yes, some of the policies we arrange offer coverage for additional customs duties that you may incur due to the import of machinery parts for repair or replacement.

Is Contractor's Plant and Machinery Insurance applicable only to the construction industry?

While these policies are essential for businesses in the construction industry, any company that uses heavy machinery and wants to protect it from potential damage or loss can benefit from Contractor’s Plant and Machinery Insurance.