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