Contractors’ Plant & Machinery insurance (CPM)

Machinery are notoriously expensive, and damages to this kind of equipment during a project can result in huge unexpected costs. Contractors’ Plant & Machinery covers damages to owned or leased machinery like excavators, diggers, forklifts, dumpers, mixers, rollers, and more.

Heavy equipment comes with a heavy price tag, but you don't have to bear the burden alone.
 

What is considered as Contractors’ Plant & Machinery (CPM) insurance?

Contractor’s Plant & Machinery insurance is an all-risks insurance policy covering any owned or rented Machinery used in construction and maintenance projects. All-risks means exactly that: it covers any risk or peril apart from those specifically excluded in the policy wording. If it isn’t named, it’s covered.

The policy can provide coverage for the insured machinery at one or across multiple areas, upon agreement.

You can also tailor your CPM policy to include the following covers:

• Airfreight
• Express freight
• Third-party cover
• Terrorism
• Strike, Riot and Civil Commotion
• Underground cover
• Inland Transit of the Machinery