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:

  • Forklifts
  • Excavators
  • Mobile cranes
  • Tractors

Key coverage

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.

How much is my premium?

Your premium may vary, depending on:

  • Risk exposure
  • The sum insured
  • Our underwriting requirements

Download our proposal form under the Product Literature.

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What we don’t cover

  • 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)
  • Equipment used: 
    • 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.
Important information

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.

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