Plant All-Risk Insurance
Plant All Risks Insurance Policy cover for plants and machinery against unforeseen physical loss or damage that may arise from the occurrence of perils that are not specifically excluded from the cover.
The policy provides cover for the insured properties against All Risks of direct physical loss or damage from any accidental cause to the insured plant and equipment.
- Compensation for loss or damage arising from an insured peril
- Third party legal liabilities
- Provides coverage for wide range of incidents
Accidental damage or loss to machinery caused by fire, burglary, theft, faulty operation, fall and impact of foreign object, collision,and natural perils.
We also provide cover for loss or accidents for machinery used in one or more construction sites based on the agreed terms of the policy. There are myriad of risks; environmental, physical and occupational, that plant/machinery is exposed to as well as the operators and those who hire them.
A few exclusions may not be covered under the terms of this insurance policy for plant/machinery such as wear and tears, corrosion, and inherent defect.