What is Plants All Risk Cover?
Plant All Risk Insurance covers you for loss of, or damage to, construction plant and equipment whilst in storage, transit, on the contract site, or while being used as a tool of trade.
- We will compensate for loss or damage arising from an insured peril
- Provides coverage for a wide range of incidents
- Our Industrial Plant All Risk policy has a high deductible as compared to other insurance policies. Every deductible is specific to the company depending on the nature of risks you are seeking cover for.
- The policy comes with warranties that have to be met.
The scope of cover under this product includes fire, burglary, floods, earthquake and unforeseen and accidental damage to the property insured. A limited amount will also be available for the removal of any debris from a site after such damage/destruction. The policy will extend to cover the contractor’s liability to third parties, for death, injuries or damage to their property arising out of the contractor’s negligence.
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- Explosions
- Riot and strikes
- Malicious damages