Yes, most Contractors Plant & Machinery Insurance policy can cover third-party damage caused by equipment, especially when it’s being used as a tool-of-trade

To calculate the correct value of machinery to insure, consider the following important points for Contractors’ Plant & Machinery Insurance:

• The amount you paid for the equipment, the amount you need to replace the equipment, and current market value, including depreciation and potential wear and tear on the equipment.
• You should also mention any additional costs such as transportation, installation, and any upgrades that might be required. 
• To avoid being underinsured, consult an insurance service provider to assess if your insurance coverage properly represents the actual value of your construction machinery.

Yes, Machinery insurance under Contractors’ Plant & Machinery Insurance usually covers the machinery when it’s being transported between job sites. Which protects your construction machinery from risks like damage or theft‚under transit. You will need to check with your insurer to see the limits, exclusions, or geographical restrictions may apply but in most instances, this will cover machinery in transit.

Yes, you can insure both your machinery and the on-site tools you use with a Contractors Plant & Machinery Policy as one complete policy. Covers construction machinery covered under this policy includes heavy equipment and essential tools, so you can feel confident knowing all of your assets on-site are protected against loss, damage, or theft. Having one policy makes everything easier, with better coverage and convenience.