Plant & Machinery Protection
Protects insured construction plant and machinery against accidental physical loss or damage at project sites, subject to policy terms.
Contractors Plant & Machinery (CPM)
Protect Your Machinery.
Keep Your Projects Moving.
Contractors Plant & Machinery (CPM) Insurance protects your construction equipment against accidental damage, theft and breakdown, helping keep your sites productive and projects on schedule.
Comprehensive CPM Protection
Accidental Damage Protection
Protection During Operation & Use
Third-Party Liability Protection
Flexible Equipment-Specific Coverage
What Is Contractors Plant & Machinery (CPM)?
Understanding Contractors Plant & Machinery (CPM)
Contractors Plant & Machinery (CPM) Insurance protects construction and industrial equipment against accidental loss or damage during project activities, covering mobile and stationary equipment at construction sites and other locations.
What Does It Cover?
- Accidental physical loss or damage to insured machinery
- Construction and earthmoving equipment
- Mobile and stationary plant used for contracting activities
- Machinery while operating at specified project locations
- Protection during movement within the insured premises, where covered
Example:
If an excavator suffers accidental damage while carrying out excavation work at a construction site, CPM Insurance can help cover the eligible repair or replacement costs, subject to the policy terms, conditions, and exclusions.
Coverage Components
Comprehensive Protection At Every Level
Earthmoving & Construction Equipment
Can cover specified equipment such as excavators, cranes, loaders, bulldozers, compressors and other machinery used in construction and contracting.
Mobile & Stationary Equipment
Protection can be structured for mobile and stationary plant, depending on equipment type, operating environment, locations and usage.
Machinery During Operation
Protects insured machinery during its intended contracting or project operations, subject to policy conditions and exclusions.
Transit & Movement Protection
Where covered, protection can extend to eligible machinery in transit between specified locations, subject to policy terms and geographical limits.
Third-Party Liability
Where selected, covers legal liability for third-party bodily injury or property damage arising from the use of insured equipment.
Additional Extensions
Depending on the machinery and project, additional extensions may be considered for specific equipment exposures, subject to underwriting.
Advisory Support
Protect Your Equipment Before Risk Finds You
Construction equipment is a major investment. We structure CPM solutions around your machinery's type, value, usage and location.
- 1.
Equipment Risk Assessment & Needs Analysis
We understand the equipment specifications, values, usage, locations, project requirements and risk exposures.
- 2.
Policy Design & Placement
Our specialists structure suitable limits, deductibles, extensions, and liability protection and place the risk with appropriate insurers.
- 3.
Policy Documentation & Support
We coordinate policy documentation to ensure the insured machinery, values and coverage are accurately reflected.
- 4.
Dedicated Claims Advocacy
Our team supports the claims process from initial notification through documentation, insurer coordination, assessment, and resolution.
- 5.
Annual Policy Review & Renewal
Regular reviews ensure changes in machinery, values, locations and equipment usage are reflected in the insurance programme.
Ready To Explore Contractors Plant & Machinery (CPM)?
Protect your critical plant and machinery with coverage designed around your equipment and project requirements.
Frequently Asked Questions
Answers to Common Insurance Queries
Assessment should consider equipment type, reinstatement value, location, mobility, operating environment, utilisation and loss history.
Frequent movement between project locations can create changes in risk exposure and geographical concentration, making accurate location and usage information important.
Equirus Raghnall evaluates the machinery schedule, reinstatement values, operating locations, usage and claims history before negotiating the programme.
Asset movements and changes are tracked against the insured schedule and coordinated with insurers to maintain accurate values and coverage.
