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Contractors Plant Insurance
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Contractors Plant Insurance

Comprehensive cover for contractors plant risks

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    Coverage and limits
    Why work with us?
    Contact us
    Making a claim
    Alan Scholes
    Alan Scholes
    Construction & Engineering Underwriting Manager

    We understand the risks your clients face, and we know how to help

    Our team of underwriters work closely with insurance brokers to offer robust contractors plant insurance solutions which are tailored to suit policyholders’ specific requirements.

    Coverage and limits

    We provide coverage for the physical loss of, damage to and liability for owned or hired-in construction plant and equipment.
    GBP 20m
    Capacity

    Target risks

    Wide ranging appetite for UK domiciled companies of all sizes from small/micro to large/corporate, who own or hire in plant and equipment

    • Wide trade and profile acceptance including work equipment used internationally
    • Companies with turnover up to GBP 100,000,000

    Limited risk appetite

    • Single items of equipment in excess of GBP 500,000
    • Scaffolding contractors
    • Demolition contractors
    • Equipment hired in under non-standard hire conditions

    Outside of risk appetite

    • Recycling and waste processing
    • Quarrying and mining
    • Forestry and timber processing
    • Marquee and tents
    • Survey equipment in isolation
    • Employee tools

    Additional information

    • 24 month new for old on own plant
    • Cover extends internationally as standard including general average and salvage charges

    Cover can also be extended to include:

    • Hire Association Europe (HAE) to GBP 50,000
    • Loss of Fuel from Bowsers
    • Damage to surrounding property and goods handled
    • Advertising signs and artworks
    • Fire service charges
    • Incorrect fuelling
    • Recovery of immobilised plant
    • Removal of debris
    • Reward costs
    • Security devices
    • Temporary hire or relocation
    • Temporary and fast track repairs
    • Free loan of plant or equipment
    Download
    NMU Contractors Plant Insurance IPID
    PDF, 100 KB

    Why work with us?

    Accessible expertise
    Our team of underwriters and claims personnel are accessible directly, ready to support you and your clients' needs with our specialist expertise.
    Strength in service delivery
    The service which we deliver to brokers and policyholders alike is something which we pride ourselves on, and brokers rely on.
    A Munich Re company
    We're part of Munich Re Specialty Group Limited, which means we're supported by the financial strength and stability of Munich Re.

    Get in touch with us

    Insurance brokers looking for more information about our contractors plant insurance solution for their clients can contact their local NMU Development Underwriter.
    Contact us

    Making a claim

    If you are looking to make a claim, you should contact us as soon as possible. Details on how to make contractors plant insurance claims can be found on our claims homepage.
    Claims

    The information provided in this content is intended for UK insurance brokers acting on behalf of their prospective or existing clients.

    Any description is for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product. Policyholders who have questions or wish to arrange or amend cover should contact their insurance broker. Insurance brokers can find details of how to contact us here.

    Any descriptions of coverage contained are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. The terms of any specific policy will instead govern that policy. Any guidance for UK insurance brokers is intended to provide general information only, and should not be used as a substitute for legal advice.