Contractor’s Plant & Machinery Insurance. It is an important all risks policy covering principally movable plant and machinery owned or leased by the principals or contractors and used on site for various construction work, repairs & maintenance jobs or even regular site work. This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy.


Construction Plant and Equipment often constitute a considerable part of a building or erection contractor’s investment. Moreover, heavy duty and movable machinery often operate in hostile terrain; are exposed to extremes of weather and natural perils; besides being exposed to a number of other hazards depending upon the nature of construction, erection work or usage.

Salient features of this policy are:

 It covers various types of machinery, plant and equipment, both electrical and mechanical against unforeseen or sudden physical damage of the insured    machinery due to any cause not excluded.

 There is an option to cover only selected machinery under the policy.

 It provides coverage for machinery at various locations by specifically mentioning the equipments at each location.

 The Policy can be taken by the owner, contractor or by the financiers of the machinery.