Contractor’s Plant & Machinery (CPM) Insurance

Comprehensive protection for construction equipment and mobile machinery against accidental damage or loss.

Comprehensive Protection for Your Heavy Equipment
Safeguard bulldozers, cranes, excavators and more with all-risk CPM Insurance. Enjoy 24/7 operational cover and optional add-ons for breakdown, transit and third-party liability.
Bulldozers & Cranes
Concrete Pumps
Road Rollers
Tower Cranes
Key Coverage Highlights

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.

Optional Add-On Covers
Available at extra premium for enhanced protection
Breakdown Insurance – Mechanical / electrical failures
Loss of Rent – Compensation for equipment downtime
Marine Transit Extension – Damage during transportation
Third-Party Liability – Injury / property damage claims
Why is CPM Insurance Essential?

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.

Major Exclusions
Normal wear & tear or gradual deterioration
War, nuclear risks or willful negligence
Breakdown losses (unless add-on purchased)
Loss discovered during inventory check
Who Needs This Policy?
Civil Contractors – Roads, bridges, metro projects
Building Developers – High-rise construction
Power & Infrastructure Companies
Oil & Gas Pipeline Contractors
Heavy Equipment Rental Firms
The XtraTrust Advantage

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.

Key Policy Features
Coverage AspectDetails
Covered PerilsAccidents, fire, theft, vandalism, natural disasters
Geographical ScopeWorldwide (unless restricted)
Basis of SettlementReplacement cost (new-for-old)
Key ExclusionsWear & tear, nuclear risks, war
Contractor’s Plant & Machinery Insurance FAQs
Common queries about CPM Insurance

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