Contractor's Plant & Machinery (CPM) Insurance
Cover for excavators, cranes and site machinery, at work or at rest.
Construction and mining equipment is expensive and works in tough conditions. A CPM policy covers sudden, accidental physical loss or damage to your machines, whether working, idle, being cleaned or moved within the site, so one accident does not stall your project or your finances.
Who needs it
- Contractors and builders who own heavy equipment
- Equipment hire companies
- Mining, road and infrastructure firms
What's covered
Accidental damage
Collision, overturning, falling and impact on site.
Fire and explosion
Including lightning.
Natural calamities
Flood, storm, earthquake and landslide.
Burglary and theft
Of insured machines from the site or storage yard.
What's not covered
We show you the catch before you buy. Common exclusions (exact terms vary by insurer and plan):
- Internal mechanical or electrical breakdown (see Machinery Breakdown)
- Wear and tear and gradual deterioration
- Damage while being transported on public roads, unless covered
- Overloading or deliberate misuse
Popular add-ons
Third-party liability
Injury or property damage the machines cause to others.
Escalation
Automatic increase in sum insured as replacement costs rise.
Documents checklist
To get a quote or buy
- List of machines with make, model, year and serial number
- Purchase invoices or current replacement values
- Previous policy and claims history
- Business KYC: PAN, GST certificate and address proof
To make a claim
- Claim form and policy copy
- Photos of the damage and site
- FIR (theft or malicious damage)
- Repair estimates and invoices
Frequently asked questions
Is a machine covered when it is not working?
Yes. CPM covers machines at work, at rest, during cleaning and while moved within the insured site.
Can hired machines be insured?
Yes, if you are responsible for them under the hire agreement.
Related cover
Contractors' All Risk (CAR) Insurance
Covers civil works under construction, materials on site and third-party liability for the length of the project.
ExploreErection All Risk (EAR) Insurance
Covers the erection and installation of machinery, plant and steel structures, including storage on site and the testing period.
ExploreMachinery Breakdown Insurance
Pays to repair or replace machinery after sudden, unforeseen electrical or mechanical breakdown, which fire policies do not cover.
ExploreNot sure what you need?
Tell us about your family or business and we will suggest the right cover, in plain language.
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