Contractor’s Plant and Machinery Insurance

Contractors Plant and Machinery Insurance cpm

This insurance policy is issued annually and insures the object of insurance against unforeseen physical damages due to accident during work.
Cases that are covered by insurance are:
Loader, Bulldozer, Side-boom, Graders
Rollers
Cranes-Tower cranes, mobile cranes
Tunneling machinery
Transportation (tractors, dump trucks etc).
Drilling rigs ( Oil gas drilling) ...

And any machinery or equipment used in the different projects.

CPM is all plant or machinery which renders its service when moving or under the control of an operator.


Coverage

CPM insurance covers all physical damages done to a contractor’s machinery that are not specifically excluded by the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

Where to use

CPM is all plant or machinery which renders its service when moving or under the control of an operator. Examples of CPM are:-

Graders
Rollers
Bulldozers
Cranes-Tower cranes, mobile cranes
Tunneling machinery
Transportation (tractors, dump trucks etc).
Drilling rigs ( Oil gas drilling) ...

Premium

Premium of Contractor Plant and Machinery Insurance (CPM ) depends on the types of machines you insure, the locations you use them in, risks and any extensions you choose.
In addition to price, carefully review the exclusions of any policy, as these can vary from policy to policy.
Consider whether you need any extensions by thinking through what you would go through to repair or replace a machine. If your machines are shipped from a great distance, for example, you might need the freight extension, whereas if you obtain them locally, you wouldn’t.
For determine premium, Please fill request form , sign and stamp it and send us information.

Request form

For download this form, Please click on bellow link :
http://www.iraninsuranceint.com/files/requests/questionnaireE-CPM.doc

 

Date:2018-01-25