Covers Equipment in Various Conditions

Whether the machine is in use, under maintenance, or being moved, the policy offers protection.

Reduces Repair and Replacement Costs

It covers the high expenses that come with fixing or replacing damaged machinery.

Helps Prevent Project Delays

Repairs happen faster, so your work stays on schedule.

Supports Extra Costs When Agreed

It can include charges for quick transport or overtime repair work.

Lets You Work With Peace of Mind

You know your machines are protected, so you can focus on finishing the job.

• Construction companies that operate machines like excavators, cranes, and loaders
• Contractors/ subcontractors working on road building, bridges, and other infrastructure projects
• Equipment rental companies that lease out plant and machinery to builders and contractors
• Engineering firms that use heavy equipment on site
• Any business involved in civil works, earthmoving, or large-scale construction

Damage While Working or Resting

Your machines are covered whether they are in use or not.

Damage During Cleaning or Shifting

Coverage applies while equipment is being cleaned, overhauled, dismantled, or moved within the same premises.

Damage During Re-Erection

Machines remain covered when being re-installed after commissioning.

Repair and Replacement Costs

The policy pays for repair or replacement, including dismantling and re-erection costs.

Freight and Customs Duty

If included in the sum insured, these costs are covered.

Provisional Repairs

Temporary repairs are covered if they are part of the final work and do not raise the total cost.

Total Loss Settlement

If a machine cannot be repaired, the insurer pays for its total loss.

Additional Costs

Charges like express freight or overtime may be covered if agreed in advance.

Internal Breakdowns Without External Damage

Mechanical or electrical failures inside the machine with no outside damage.

Wear and Tear or Poor Maintenance

Rust, corrosion, ageing, or damage due to regular use or lack of care.

Damage During Testing or Misuse

Damage caused by testing or using machines beyond their limits.

Underground Equipment

Machines working underground, unless they are tunnelling equipment.

Road-Licensed Machines

Vehicles licensed for public roads, unless used only on site.

Damage During Transit

Any loss while moving equipment from one site to another.

Boiler or Engine Explosion

Fire or blasts from boilers or engines under pressure.

Late Discovery of Theft or Damage

Losses noticed only during routine checks or stock reviews.

War, Riots, or Terrorism

Damage caused by war, rebellion, or similar events.

Nuclear Risks

Losses from radiation or nuclear-related incidents.

Known Defects or Negligence

Damage that existed before the policy or was caused intentionally.

Consequential Losses

Indirect losses like project delays, downtime, or lost income.

Provisional Repairs

Covers temporary repair costs to keep machines running until full repairs are done.

Express Freight Charges

Helps with the extra cost of fast delivery for urgently needed parts.

Overtime or Holiday Repair Costs

Covers additional labour charges if repairs must happen after hours or during holidays.

Freight, Customs, Dismantling, and Re-Erection

Pays for moving damaged equipment, customs duty (if included), and reinstalling machinery during repair or replacement.

Notify Us

As soon as the loss or damage happens, contact us within 2 days. Share all relevant details and documents, such as photos or reports. We will make sure the process starts without any delays.

Surveyor Visit

Once notified, a surveyor will visit your site within 1–2 days to assess the damage. Please avoid moving any damaged items until the surveyor arrives. After that, we will take care of the next steps.

Submit Required Documents

We will guide you through submitting the necessary documents, including the claim form, incident notes, and financial records. Our team will ensure everything is submitted correctly and on time.

Claim Assessment & Approval

Once the documents are submitted, the surveyor will evaluate the claim and provide a settlement amount based on your policy terms. After approval, the insurer will finalise the settlement.

Payment Processing & Claim Closure

Once the settlement is approved, payment will be processed and issued to you or your beneficiary. After payment, the claim will be closed. If any further issues arise, we will be here to support you until they are fully resolved.

Crane Damaged During Site Shifting

In 2023, a mid-sized construction company in Pune was shifting a crane within its project site when the equipment accidentally hit a retaining wall and toppled. The damage was significant, making the crane inoperable. The company filed a claim under its CPM Insurance Policy. The insurer paid ₹12 lakhs for dismantling, transporting, and repairing the crane. The claim helped the project stay on track without major delays or financial stress.

Excavator Damaged During Cleaning

In 2022, a contractor in Indore was cleaning an excavator when a hydraulic line failed, causing internal damage to the machine. The breakdown led to a complete halt in excavation work. The claim under CPM Insurance covered ₹7 lakhs for parts replacement and ₹1.5 lakhs for express freight and overtime labour. This allowed the contractor to resume work quickly without affecting the project timeline.

Bulldozer Overturned During Routine Use

In 2021, a bulldozer working at a road construction site near Kochi overturned while levelling uneven ground. The accident caused heavy damage to the undercarriage and control system. The business raised a CPM Insurance claim. The insurer covered ₹9 lakhs for repairs, including dismantling and re-erection. The timely claim settlement helped avoid penalties due to project delay.