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 just had found CIB from google search and Nikky Brown from CIB was connected as our consultant to get a new insurance policies for business purposes.She was absolutely experts and intelligent to recommend all type of business … More insurances to protect her customer to run the business. Highly recommend to anyone who are looking to get professional advice for your properties.
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Tracey was fantastic to work with. She was knowledgeable, responsive, friendly, and always happy to answer my many questions throughout the process. As a startup founder looking for insurance for an online platform, I appreciated … More how clearly she explained everything and made what could have been a complicated process feel straightforward.I received other quotes that took longer to arrange and involved multiple insurers, making them difficult to compare. Tracey was able to provide a comprehensive and competitive solution bundled through a single provider at a competitive price, which made the decision easy.I would highly recommend Tracey and Consolidated Insurance Brokers to anyone looking for professional and personalised service.
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I went with CIB insurance because the customer service was top-notch. Debbie was super helpful from start to finish and no question was too hard for Debbie. She even mentioned that she had been working in the business for … More 15 years which you can tell from her advice.Debbie provided alot of advice on what would be best for my business.I feel comfortable with the policy Debbie provided as she went into detail to get coverage for everything.Highly recommend CIB and Debbie.
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I was referred to Alison through a personal recommendation after we had been struggling to find direct insurance for our business refrigerated van within a very tight timeframe. From the beginning, Alison provided outstanding … More service and made the whole process feel easy and stress-free.She was always contactable, professional, and incredibly helpful throughout every step. We had urgent deadlines and even needed last minute changes very late in the day, and Alison still went above and beyond to make sure everything was completed on time.Her communication, responsiveness, and genuine care for her clients really stood out. We are very grateful for all her support and would highly recommend Alison to anyone needing insurance assistance.
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Tracey was fantastic to deal with - professional, friendly and made the whole insurance process simple and stress free. Great communication, quick responses and took the time to explain everything clearly. Highly recommend … More for anyone needing reliable insurance advice and support.
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.
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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.