Contractor Plant & Machinery Insurance Services

Provides cover on an annual basis to a contractor who may be using his plant and machinery for several projects, during the course of the year. The cover under the policy is not limited to a specific project site. It is operative at all sites where the plant and machinery is in use, even when the same is lying at the contractor’s premises. It offers comprehensive coverage against fire and allied perils, burglary, theft, riot and strike, and malicious acts or accidental damage.

Standard Exclusions:

• Loss or damage due to explosion of any boiler or pressure vessel subject to internal steam or fluid pressure, or explosion of any internal combustion engine
• Loss of or damage to vehicles designed and licensed for general road use unless these vehicles are exclusively used on construction sites
• Loss or damage to the hull and machinery of water borne vessels in transit
• Loss or damage due to wear and tear corrosion, rust