What is Plant & Equipment Insurance?
Many industries operate remotely and rely on mobile plant and equipment to operate their business. Mobile plant and equipment insurance provide protection for the equipment itself from loss or damage, breakdown and the associated liabilities from its use. Mobile plant and equipment insurance can cover items such as portable tools, mobile machinery, forklifts and cranes.
Why is Plant & Equipment Insurance important?
Mobile Plant & equipment insurance ensures business continuity in the event that your assets sustain loss, damage or breakdown. It provides repair or replacement options for damaged plant and equipment and can provide cover for the liabilities associated with its use.
What does Plant & Equipment Insurance cover?
Plant & equipment insurance allows the policyholder to insure plant and equipment that the owner deems critical for business operations. Mobile plant and equipment insurance can be an insurance solution for many industries that operate remotely and use mobile machinery as part of their business operations. Items that can be generally covered by a Mobile plant and equipment policy include.
- Asphalting machines
- Earthmoving equipment
- Mining equipment
- Roading equipment
- Lifting equipment
Insurance Advisernet can offer you comprehensive insurance solutions for your mobile plant and equipment. Talk to an Insurance Advisernet Broker to assess your needs today.
Frequently Asked Questions
What kind of insurance do I need for equipment?
Plant and equipment insurance can provide protection for the equipment itself from loss or damage, breakdown and the liabilities associated with its use. This includes equipment such as portable assets, tools, and mobile plant and equipment,
What is machinery insurance in New Zealand?
Machinery insurance, commonly known as plant & equipment insurance, provides coverage for all plant and equipment of every kind and description against loss and/or damage and the liabilities associated with its use.
What kind of insurance do you need for an excavator?
Heavy mobile machinery like an excavator can be covered by a mobile plant and equipment insurance policy. The policy can provide cover for loss or damage, breakdown and the associated liabilities from its use.