Safeguard your mobile plants and heavy equipment. Secure your bottom line.
What is Contractors’ Plant and Machinery Insurance?
This policy covers for contractor's plant and machinery on the construction site, which renders its service only when moving and under a control of an operator. This includes:
Here is an overview of your coverage
Covers unforseen and sudden accidental physical loss or damage from any cause (other than those specifically excluded) to construction plant and machinery whether the insured items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.
Loss of or damage sustained outside the territorial limit
Equipment that is licensed for road use as defined in the Road Traffic Act
Equipment in transit (including process of loading and unloading)
For racing, speed testing, or reliability demonstration
For carriage of passengers
To draw a trailer or towing any vehicle unless such towed vehicle is not towed for reward
Not in connection with your business
Equipment operated by an authorized operator under the influence of intoxicating liquor or drugs
Equipment operated on board any waterborne vessel
Consequential loss or legal liability of any nature
Incidents resulting from:
Wear and tear, depreciation, gradual deterioration, mildew, moth, vermin or any process of cleaning, dyeing, repairing, restoring or renovating
War, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not) or civil war
Mutiny, strikes, riots and civil commotion, military or popular rising, insurrection, rebellion, revolution, military or usurped, power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege
Delay, seizure, confiscation or detention by Government Authorities
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.