What Does Machinery and Plant Insurance cover?
Machinery and Plant Insurance covers equipment essential to the construction, manufacturing and engineering trades – for example: diggers, dumpers, telehandlers, forklifts, rollers, compactors, loaders and dozers.
Whether your business has its own plant and machinery, or hires equipment and tools from a third party, Machinery and Plant Insurance covers them against damage and theft. Imagine, for example, that subsidence led to a machine malfunction, which incurred expensive project delays. Machinery and Plant Insurance cover could pay for the repair or replacement of the machine, plus extra costs associated with the delay.
Providing that you comply with maintenance requirements, Machinery and Plant Insurance will cover plant and machinery on site or in transit, replacing or repairing them where necessary – and even paying related legal expenses if required. At Buckingham Insurance we can tailor a policy to suit your specific needs meaning that no two policies are the same. For a professional, friendly advice and a full range of quotes, call us on 01246 575 625 or use our enquiry form.
Who is Machinery and Plant Insurance for?
Construction, engineering or manufacturing firms, or contracted tradesmen working in any of those trades are the usual beneficiaries of Machinery and Plant Insurance. The cover is available both for larger businesses who own their own Plant and Machinery, and for smaller companies or contracted specialists whose equipment might vary from job to job, and therefore be hired.
Professional tools and machinery are an expensive investment. If anything should happen to them despite your utmost care. Whether they are damaged by third parties or so called ‘acts of God’ or stolen, your business could suffer substantial losses as a consequence. Plant and Machinery Insurance covers the cost of replacements and repairs of important tools and machinery, and in some cases, legal expenses and business interruption costs.
For a personalised assessment of your Plant and Machinery Insurance needs, get in touch with your Business Insurance enquiry now. Call us on 01246 575 625 or use our enquiry form.
Why Use Buckingham Insurance for your Cover?
Buckingham Insurance has been providing businesses across Derbyshire and South Yorkshire with invaluable, trusted advice and service for almost 40 years. With a heavy investment in staff training and leading technology, together with good old fashioned close relationships with both our Insurer partners and clients, we pride ourselves on competitively priced, quality cover backed up by first rate service.