The “All Risks” clause within a Contractor’s Plant Insurance policy means that your own or hired-in plant can be covered for almost any eventuality, other than those which have been specifically excluded from your insurance schedule. This is key as machinery and plant is pivotal to a project, yet vulnerable to a variety of factors which are all too frequent within a contractors’ line of work.
Incidents of theft, damage during transit or total destruction through fire are not uncommon, while machine breakdown can happen at any time, regardless of whether there is a tight deadline to meet.
If you’re hiring out plant, there will most likely be a clause within your hire agreement which requires you to have Contractor’s Plant Insurance in place, but sourcing this mandatory needn’t take up your time.
With the help of our knowledgeable team at MCM, we can make short work of your requirements by finding a policy that will give you the appropriate cover, for a reasonable price.