Schedule
Record serial numbers, attachments, accessories, finance and realistic replacement or market values.
COMMERCIAL INSURANCE SOLUTION
Plant & equipment insurance
Mobile plant is exposed at the depot, in transit and on site. We help contractors and equipment owners arrange cover around the machines, attachments and work performed.
Discuss this cover →
WHO IT MAY SUIT
Civil contractors, landscapers, trades, equipment owners and businesses that own, hire in or hire out mobile plant.
The right structure depends on machine type, value, finance, work locations, attachments, road use, dry or wet hire and the liability exposure created by its operation.
WHAT WE REVIEW
- 01Machine and attachment schedule
- 02Market or agreed value basis
- 03Own damage, theft and breakdown
- 04Road registration and transit
- 05Hired-in and hired-out plant
- 06Use, operators and work locations
PRACTICAL COVER REVIEW
The machine, attachments and operating exposure should be reviewed together.
A bucket, auger, GPS system or trailer can be essential to the machine but omitted from the schedule. Accurate descriptions and values reduce uncertainty after a loss.
Use
Disclose excavation, demolition, underground work, forestry, mining or other higher-hazard activities.
Liability
Check whether operation, road use, dry hire and wet hire are addressed by the correct policy sections.
WHY THE DETAILS MATTER
Plant losses often involve more than the base machine.
List attachments separately
Buckets, forks, grabs, hammers, GPS units and other attachments may need their own values. Photographs, invoices and serial numbers help establish what was insured.
Understand theft conditions
Immobilisers, locked compounds, key controls, GPS tracking and overnight storage may be conditions of cover or influence the excess.
Coordinate registered and unregistered use
Road liability, compulsory insurance and general liability can interact differently depending on registration and where the plant is operating.
Consider hire exposures
Hired-in plant may create contractual responsibilities, while hiring equipment to others changes control and operator exposure. Dry and wet hire should be disclosed.
Cover is subject to insurer acceptance, the policy schedule, applicable policy wording or Product Disclosure Statement, limits, conditions and exclusions. This information is general and does not take into account your objectives, financial situation or needs.
COMMON QUESTIONS
Questions about plant & equipment insurance.
These answers are general. The quotation, schedule and policy wording determine the cover offered.
Are buckets and attachments automatically included?
Not always. They should be identified and valued, particularly when interchangeable or stored separately from the machine.
Can hired-in plant be covered?
Many products can include hired-in plant, subject to limits and contractual conditions. The hire agreement should be reviewed.
Does plant insurance include public liability?
Some packages include liability sections, but own-damage and liability are distinct covers. Road use and compulsory requirements need separate attention.
How should older plant be valued?
The policy may use market value, agreed value or another basis. Recent comparable sales, valuations, condition and attachments can assist.
CONNECTED COVER
Look beyond one policy.
We consider how this cover interacts with the rest of your insurance program.
A CONSIDERED REVIEW
Put the full equipment schedule in front of the market.
Provide the machine list, serial numbers, attachments, values, use and claims history. We can review the available structure.
Request a confidential review →