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Contractors Plant and Machinery Insurance
Protects contractors and their machinery during construction
Trusted by:
Policy Covers:
- Loss of machinery due to theft or burglary
- Damage of impact made by plant and machinery
- Machinery damage while dismantling, overhauling, or reassembly
Trusted by:
Get the best quote that offer the right protection
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Contractors Plant and Machinery Insurance
Protects contractors and their machinery during construction
By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer
Trusted by:
Policy Covers:
- Loss of machinery due to theft or burglary
- Damage of impact made by plant and machinery
- Machinery damage while dismantling, overhauling, or reassembly
Trusted by:
What is Contractors Plant & Machinery Insurance?
Contractors Plant & Machinery Insurance provides complete coverage for contractors and their machinery during construction. It protects against physical damage, theft, and third-party liabilities, ensuring that contractors and their machinery are safeguarded throughout construction projects.
Who needs Contractors Plant & Machinery Insurance cover?
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹800 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Why do you need Contractors Plant & Machinery Insurance?
Why do you need Contractors Plant & Machinery Insurance?
Covers equipment damage
Protects against damages to machinery and equipment.
Provides liability coverage
Shields against third-party claims for injuries or property damage
Mitigates financial risks
Ensures project continuity by covering unexpected losses.
Enhances project credibility
Demonstrates commitment to risk management.
Essential for comprehensive project protection
Manages a wide range of erection-related risks effectively.
Why choose BimaKavach to protect your business?
The Power of Underwriting
Your Policy is built for your unique needs.
Best Price for Complete Coverages
You get the best price for your coverage.
24*7
Claims Support
All concerns will be addressed without delay.
Online Platform to Manage Your Bima
Your policy can be managed from anywhere.
Dedicated
Bima Expert
You get access to IRDAI-Certified Bima Experts.
Who’s this for?
What does Contractors Plant & Machinery Insurance cover and exclude?
Coverages
Theft and burglary coverage
Covers losses due to theft or vandalism of construction equipment.
Fire and Explosion Coverage
Protects plant and machinery against damages caused by fire and explosions.
Dismantling, overhauling, or reassembly coverage
Protects machinery being dismantled for cleaning, overhauling, or during reassembly after such processes.
Shifting coverage
Covers any loss or damage while the machinery is being moved within the premises.
Impact damage coverage
Covers damage resulting from the impact of the insured machinery with other objects, whether stationary or moving.
Exclusions
Wear and Tear
Excludes damages due to normal wear and tear.
Pre-Existing Conditions
Excludes damages existing before the policy start date.
Defective Design
Excludes losses due to faulty design or workmanship.
Intentional Acts
Excludes damages caused intentionally by the insured.
War and Terrorism
Excludes damages due to acts of war or terrorism.
Nuclear Risks
Excludes damages from nuclear reactions or contamination.
Mechanical or electrical breakdown
Excludes losses due to mechanical or electrical breakdown.
Theft and burglary coverage
Covers losses due to theft or vandalism of construction equipment.
Fire and Explosion Coverage
Protects plant and machinery against damages caused by fire and explosions.
Dismantling, overhauling, or reassembly coverage
Protects machinery being dismantled for cleaning, overhauling, or during reassembly after such processes.
Shifting coverage
Covers any loss or damage while the machinery is being moved within the premises.
Impact damage coverage
Covers damage resulting from the impact of the insured machinery with other objects, whether stationary or moving.
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When can I Claim?
A claim under Contractors Plant & Machinery Insurance can be registered in the below circumstances:
- If plant and machinery is stolen from the construction site
- Damage of machinery while being shifted within the premises
- When there the insured machinery affects other objects
- Any explosion causing damage to the machinery
Claim what’s yours with BimaKavach
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