Contractors Plant and Machinery Insurance Policy

Plants and Machinery like, fork lift trucks, compressors, bulldozers, drilling machines, etc., account for a major part of a contractor's investment. There are various risks associated with damage to these vital plant & machinery's due to all the toughest work on any project site is done by these plants & machineries. Get Reliance Contractor's Plant and Machinery Insurance Policy to protect your business from any probable loss of damage or repair and replacement costs of plant & machinery.

Advantage of Reliance Contractor's Plant & Machinery Insurance Policy
At any type of construction project, contractor is highly depended on the plant & machinery for work. Damage or physical loss to these plant & machinery can lead to huge loss since these plant & machinery required high amount of investment.

Insurance of these plant & machinery keep the contractor's relaxed as his/her plant & machinery is protecting against the damage or physical loss. Following are the some of the advantages of "Reliance Contractor's Plant & Machinery Insurance Policy



What does this policy cover?
This Policy is design for covering physical loss or damage to various insured plant & machinery used at project site.

This policy provides cover for the: -Insured plant and machinery for any physical damage by any cause (unless specifically excluded)

Complete cover on partial or total damage to equipment or machinery

Insurance will be offered on current replacement value

Policy can be bought only after successful commissioning of the machinery

Cover for all insured items, whether at work, rest, or being dismantled for cleaning and overhauling

Add on cover offered with the policy-
Owners surrounding policy
Clearance and removal of debris
Additional customs duty
Express freight
Air freight
Dismantling and shifting to a new location
Escalation of cost
Earthquake
Third Party Liability
Terroris

What does the policy not cover?
The excess as stated in the schedule

Loss or damage due to electrical or mechanical breakdown/failure

Pre-existing faults & damages

Loss of or damage to replaceable parts such as bits, drills, knives or other cutting edges, saw blades, dies, moulds etc.

Loss or damage due to explosion of any boiler or pressure vessel subject to internal steam or fluid pressure or of any internal combustion engine

Loss/damage to insured plant and machinery due to:

War and nuclear perils

Willful act/negligence of the insured

Contractual liability, manufacturers guarantee

Consequential loss or liability of any kind or description

Damage due to terrorism risk

Damage for which the supplier or manufacturer is responsible

Any kind of Transit Risk