All-Risk Protection
Covers sudden physical damage from accidents, fire, theft, natural disasters and more (unless specifically excluded).
24/7 Operational Coverage
Applies when machinery is in use, idle, dismantled for maintenance or being re-erected.
Replacement Cost Basis
Sum insured equals new equipment value plus freight, duties & installation costs.
High-Value Equipment Exposure
Repairs and replacements of heavy machinery involve major capital outlay.
Project Delay Costs
Equipment downtime can halt projects and trigger contractual penalties.
Contract & Lender Mandates
Financiers and project owners often require CPM coverage for approval.
Industry-Specific Expertise
Tailored policies for earthmoving, piling and crane operations.
Optimal Pricing
Strong insurer relationships translate to cost-effective premiums.
Fast Claims Settlement
Dedicated claims team minimizes machinery downtime.
Global Coverage Options
Extend protection to overseas projects when required.
Coverage Aspect | Details |
---|---|
Covered Perils | Accidents, fire, theft, vandalism, natural disasters |
Geographical Scope | Worldwide (unless restricted) |
Basis of Settlement | Replacement cost (new-for-old) |
Key Exclusions | Wear & tear, nuclear risks, war |
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