Plant and Equipment Insurance
With valuable heavy equipment comes specialist needs. Cover liability, damage to machines and lost profits under one tailored plant and equipment insurance package.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Plant and Equipment Insurance
Rely on a reputable insurance broker
What is Plant and Equipment Insurance Insurance?
Plant and Equipment Insurance otherwise known as Industrial Special Plant (ISP) is designed to provide protection for industrial equipment. It’s ideal for industries such as civil works, agriculture, manufacturing, construction and mining.
ISP is typically a packaged form of insurance; it often includes cover for liability of business activities, loss or damage to machinery/equipment, and lost revenue if a machine is damaged and unable to work.
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
What can be covered
- Accidental loss/damage
- Third-party liability
- Hired-in machinery
- Damage to lifted goods
- Recovery costs
- Lease protection
- Road risks
What may not be
- Operation of equipment under drug or alcohol influence
- Deliberate or reckless acts
- Pollution liability
- Mechanical breakdown not caused by accident/damage
Get started with Plant & Equipment Insurance
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
Plant and Equipment Insurance claim example
Jonathan operates a small earthmoving business with a tipper truck, excavator and skid steer loader. He takes out an ISP package with his broker to cover these vehicles and his public liability.
A good contract comes up where Jonathan wins the tender. Part of the job requires a dozer – so Jonathan hires one in and lets his broker know so it’s noted on his policy.
The dozer is vandalised while left on site, and unsafe to use. Jonathan’s ISP policy will pay to both repair the hired in plant, as well as the additional costs he has to pay the hiring company while it is out of action. Knowing that this is all covered, Jonathan is able to hire another dozer to keep work progressing on his contract.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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I had a great experience working with Debbie from Consolidated Insurance Brokers. She helped me arrange the Professional Indemnity and Public Liability insurance for my new fire engineering company, and the whole process … More was smooth and straightforward.Debbie was very responsive and took the time to understand my business needs to find the right coverage. As a new business with novel business offering, I really appreciated her guidance and support throughout the process.Highly recommend Debbie and the team at Consolidated Insurance Brokers
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Alison made the entire insurance process straightforward and stress-free. She took the time to run multiple quote variations and clearly explained what each option meant, which made it easy to choose a policy that actually … More suited my needs rather than just the cheapest headline price. Her clarity, patience, and willingness to work through the details stood out. The level of care and effort she put in is exactly what great service looks like.
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Jade was fantastic to deal with, she provided excellent service while helping me organise my insurance policy. She communicated very well throughout the process, and I felt supported and confident that she was finding the … More best option for my situation. The whole experience was smooth and hassle-free, I’d recommend Jade to anyone looking for an insurance broker.
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Deb Blanco is incredible - from the moment she made contact - I was educated and handheld the whole way. Insurance policies are so involved and she made sure I had the RIGHT coverage tailored to my needs. Shes always there, … More helpful and approachable. We will never go anywhere else. Thanks Deb!!
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Tracey Eaton from CIB did an outstanding job in finding a cost-effective local insurer for us. She was always available to answer questions and explained everything clearly. Based on my experience, I would confidently recommend … More this team for doing business with.
How can we help?
With access to a range of quality insurers, and policies not available to the public, we can offer you a range of competitive quotes.
We’ll help you compare the price with the coverage offered for each, so you can make the best choice for your equipment and activities’ protection.
You’ll also receive recommendations for extras for your highest risks, so you’re not paying for a policy that doesn’t cover what you need. For every new business quote and renewal, we break down all important changes and comparisons for you in plain English.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.
Or call us now
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.