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Contractors Plant & Equipment

Contractors Plant & Equipment

All Risk inc. TPL, Machinery Breakdown, Sabotage & Terrorism. Capacity up to USD 15M LATAM and USD 13M Worldwide.

Lines of Business

  • Preferred all types of mobile plant and equipment — from small generators to mining trucks and tower cranes
  • Operations: General contractors, port operators, leasing/rental companies, banking schemes
  • Mining (above and below ground), forestry, agricultural risks
  • Challenge: Large tunnel boring machines
  • Excluded: Offshore, oil & gas exploration, single item risks

Coverages

  • Product: Contractors Plant All Risks
  • All Risk inc. TPL, Machinery Breakdown, Sabotage & Terrorism, I.C.O.W as standard
  • 3-year lease/rental policies and standalone electronic equipment policies

Section A: LATAM

  • USD 15,000,000 each and every loss
  • General Equipment: USD 4,000,000 single item
  • Cranes: USD 3,000,000 single item
  • Surface Mining: USD 2,500,000 single item
  • Sabotage & Terrorism sub-limits available

Section B: Worldwide ex. USA

  • USD 13,000,000 each and every loss
  • General Equipment: USD 4,000,000 single item
  • Cranes: USD 3,000,000 single item
  • Surface Mining: USD 2,500,000 single item
Territoriality:Worldwide excluding USA