Contractors Plant and Machinery

This policy is suitable for covering all kinds of construction equipment like compressors, heavy duty cranes, boring machines, bulldozers, pipe jacking, and hauling equipment, pavers, excavators, loaders, road rollers, tunnel boring machines etc. which are used in various construction sites.

   
  What is covered :
 
  • unforeseen and sudden physical loss of or damage other than by excluded peril
  What is not covered :
 
  • Loss or damage due to electrical or mechanical breakdown, failure, breakage etc
  • Loss or damage to replaceable parts such as bits, knives, ropes, belts, chains etc
  • Loss or damage due to explosion of any boiler or pressure vessel subject to internal steam or fluid pressure or of internal combustion engine
  • Loss or damage to vehicles designed and licensed for general road use unless the vehicles are exclusively used on construction sites
  • Loss or damage to waterborne vessels or crafts, total or partial immersion in tidal water, whilst working underground
  • Loss or damage due to wear and tear corrosion etc
  • Loss or damage whilst in transit form one location to another location
  • Loss or damage occurring whilst undergoing any test or being used in any manner or for any purpose other than that for which it was desired
  • War perils, civil commotion, nuclear perils etc

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