PDS and TMD are available by request. Cover is subject to underwriting approval, policy terms, conditions, limits, and exclusions.

What Is Plant and Equipment Insurance?

Plant and equipment insurance is a specialised form of coverage designed to protect your business assets, especially heavy machinery and tools used in industries like construction and mining. This type of insurance safeguards against risks such as material damage, accidental damage, and property damage, ensuring your equipment remains operational even after unexpected events.

These policies are essential for business owners who rely on mobile plant and equipment to carry out their daily operations. From excavators and bobcats to scissor lifts and mobile cranes, plant insurance is tailored to meet specific industry risks. It also covers potential financial loss resulting from business interruption, offering peace of mind to those who depend on these critical resources for their livelihood.

Features of Our Equipment Insurance Policies

Comprehensive Coverage for Business Assets

Our access to a range of equipment insurance policies offers extensive protection for your business needs, including coverage for mobile plant and machinery insurance. Whether you utilise hired-in plant or operate under wet hire agreements, our policies can be tailored to provide protection in a range of scenarios, depending on your cover selections. Additionally, we provide excavator insurance, road risk coverage, and public liability insurance for complete peace of mind.

Our policies also include broadform liability and risk liability coverage, tailored to suit the unique demands of your business activities. Depending on your requirements, you can choose coverage based on replacement costs or market value, ensuring your assets are adequately insured. Optional extensions are available to enhance protection for job sites and specific business activities, giving you the flexibility to customise your policy.

Why Choose VIM Cover for Plant and Equipment Insurance?

Trusted Insurance Brokers Serving Our Clients

At VIM Cover, we specialise in providing insurance solutions that cater to the unique challenges of the construction and mining industries. Our experienced insurance brokers work closely with clients to understand their insurance needs and develop tailored policies that address industry risks. We aim to protect your business assets while supporting your business development goals.

From navigating policy wording and legal liability concerns to explaining the product disclosure statement, our team ensures you have all the information needed to make informed decisions. With a focus on target market determination, we create policies that align with your client’s needs, offering unmatched reliability and expertise in financial services.

How to Get the Right Equipment Insurance Policy

Steps to Secure Proper Insurance Coverage

Securing the right plant and equipment insurance policy begins with consulting an insurance specialist or broker today. Our team will guide you through the process, helping you assess your business activities and determine the level of cover required. This ensures you have adequate protection for your mobile equipment and other assets.

It’s crucial to review policy documents thoroughly, including optional extensions, sum insured amounts, and replacement value versus market value options. By aligning coverage with your unique business needs, you can safeguard your equipment policies against potential risks, ensuring smooth operations and minimal disruptions.