Contractor’s Plant & Machinery

There are different types of Constractors Plant and Machinery that are usually put into operation at the construction or Erection site. The Plants, Equipment and Machinery are exposed to a number of risks inherent in their operations  in addition to the exposure to natural calamities. Such Machinery and Plants include shovels, excavators, rollers, dumpers, earth moving equipments, cranes and the like as well as site vehicles amongst others.

Scope of Cover

The policy covers sudden, accidental, external damage to the insured equipment due to any cause other than those specifically excluded in the policy.

The policy covers the machinery whilst they are in operation or at rest or whilst being dismantled for the purpose of cleaning or overhauling or whilst being shifted within the premises.


  • Mechanical/electrical breakdown or derangement
  • Explosion of boiler/pressure vessel/internal combustion engine
  • Total or partial immersion in tidal waters
  • Wear and tear
  • War, nuclear reaction, wilful negligence
  • Parts prone to periodic replacement such as belts, drills, knives, dyes, moulds and patterns
  • Vehicles designed and licensed for general road use, unless used on construction site
  • Waterborne vessels/crafts and machinery mounted thereon
  • Plant/machinery working underground
  • Whilst undergoing test or used for purpose other than designed for
  • Losses claimable under manufacturer's guarantee
  • Defects existing at the commencement of the insurance
  • Consequential loss of any nature


The following extensions in cover can be granted by payment of additional premium:

  • Third party liability cover
  • Existing property/surrounding property cover
  • Clearance and removal of debris
  • Expediting expenses

Sum Insured

The sum insured of each item of machinery should represent the current purchase value of a similar new machine (replacement cost) including all incidental expenses like freight, duty, taxes, cost of erection etc.

Premium rate is based on factors such as replacement value of plants & machinery, model and type of machinery, age and working conditions, maintenance history, previous claims history and contractor’s track record.


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