Contractors Plant & Machinery

Our tailor made insurance covers are comprehensive, with competitive terms provided by rated insurance companies in the region.

What is Contractors Plant & Machinery Insurance?

Contractor’s Plant & Machinery insurance policy is designed to provide insurance protection for plant, equipment and machinery of contractors and other business related to the industry.

It provides financial protection against damage to items whether they are being used or are at work site or at rest or during their maintenance operations.

What is covered?

1

Policy covers Contractor’s Plant and Machinery against any unforeseen and sudden Physical loss or damage

2

Electrical or mechanical breakdowns except those specifically excluded under the terms of the Policy

What is not covered?

1

Normal wear and tear

2

Machinery breakdown

3

Unexplained losses

4

War, sabotage and terrorism

Period of Insurance

The coverage is provided for a period of 12 months.

Basis of Sum Insured

New replacement value of the plant and equipment is to be covered.

Deductible

A deductible for each and every loss under the policy is always applicable.

Premium rates are based on:

  • Replacement value of Plant & machinery
  • Model
  • Type of Machinery
  • Age of the machinery
  • Maintenance history
  • Use of the machine
  • Professional experience of the assured
  • Standard of the management

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.

 For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

Claim Settlement

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

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