Plant All-Risk Insurance Quote
Plant All-Risk Insurance QuoteConstruction is a necessary part of our economy. It is the vehicle through which infrastructure development takes place. We all benefit from this. More than this, it helps us watch dreams turn into ideas and monuments that inspire future generations to dream. Plant all risk insurance covers you for the loss of, and damage to, plant and equipment, whether you own it or it’s hired. Public liability for plant all risk covers losses and damages caused by your insured plant all risk items, whether you own them or whether they’re hired or -out. This allows you to keep developing our beautiful country.
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PLANT ALL-RISK INSURANCE QUOTE
Why Do You Need Plant All-Risk Insurance for Your Business?
Plant All-Risk Insurance is specifically designed to cover plant items (Excavators, TLB (tractor loader backhoe), water tanks, etc.). It also includes a tools cover (per the list of tools supplied) and a scaffolding cover.
Site Liability Insurance and Road Risk Liability Insurance are optional in the Plant All Risk Insurance policy. The plant items work on various sites and drive on public roads to multiple locations.
The Site Liability Insurance covers the contractor/plant owner from damages that occurred by their plant items against damages on site against a third-party claim.
Road Risk Liability Insurance protects the contractor/insured from any damages to a third party while using public roads.
PLANT ALL-RISK INSURANCE QUOTE
How Does It Work?
Plant All-Risk Insurance: Losses or Damage
Material Loss or Damage To Your Plant and Equipment
This section covers the loss of, or damage to, the insured items stated on your policy schedule, which happens during the period of insurance and within the territorial limits, provided that the cause of the loss or damage isn’t explicitly excluded.
Hire-In costs Following the Loss of, or Damage To, Items Insured Under ‘Material Loss or Damage to Your Plant and Equipment and ‘Plant Hired-In During the Normal Course of Business.’
This section covers costs incurred during the period of insurance for hiring in a similar substitute plant and equipment, of equal performance and capacity, after the loss of, or damage to, the insured items stated on your policy schedule or insured under ‘Material loss or damage to your own plant and equipment’ and ‘Plant hired-in during the normal course of business.’
Plant All-Risk Insurance: Legal Liability
Legal liability for material damage and continuing hire charges:
• Plant hired in during the ordinary course of business
This section covers your legal liability under the terms of the hiring agreement you’ve entered into to pay compensation for the loss of, or damage to, hired-in items, subject to the limits, terms, conditions, and exceptions of this insurance.
• Plant hired-in following insured loss or damage under ‘Material loss or damage to your plant and equipment.’
This section covers your legal liability under the terms of the hiring agreement you’ve entered into to pay continuing hire charges after the loss of, or damage to, hired-in items insured under ‘Plant hired-in during the normal course of business.’
This section also covers the legal expenses for which you’re liable in cases where proceedings against you are defended with our written permission.
Plant All-Risk Insurance: Public & Road Liability
Public Liability
This section covers plant insured under plant all risk, including a plant you own or hired in and -out. If your items are insured under the plant, all risk is hired-in, losses arising from defects aren’t covered, but if hired out, they’re covered for defects.
Road Risk Liability
This section covers accidents caused by, through, or in connection with the vehicles listed on your policy schedule, as described in this section.