With plant machinery playing such a critical role in how your business operates, having the right cover in place will ensure everything continues to run smoothly. From forklifts to mobile elevating work platforms (MEWPs), we can guide you towards the insurance you need for your equipment and the extras required for your work.
What is plant and machinery insurance?
Plant machinery insurance covers the machines and equipment used in industrial, manufacturing, and construction. Essentially, it is designed to protect you from financial losses arising from damage to or loss of your plant machinery – which can be costly to replace or repair. Alongside special types insurance for plant and machinery, we highly recommend additional coverage, such as employers’ and public liability.
What does plant and machinery insurance cover?
Plant machinery insurance can cover a myriad of risks, from accidental damage, breakdowns, theft, and other types of losses. The main types of insurance for plant and machinery are:
- Third-Party Only which only covers the other person’s injuries or property damage to their property if there is an accident.
- Third-Party, Fire & Theft, which covers the third party in an accident and yourself in the event of a fire and theft.
- Comprehensive, which covers all of the above and more. The full amount of coverage varies depending on your insurer and policy.
The level of cover you need will really depend on the industry you work in, the risks posed, and the type of plant and machinery you use.
How much does insurance for plant and machinery cost?
How much you pay for plant and machinery insurance will vary based on the coverage you need.
With over a decade of experience as a special types insurance broker, we’re happy to advise you on the best plant machinery to suit you. Find out how much you can save and call us on 0800 081 6053 for a free quote now.