Plant and Equipment Insurance
Plant and Equipment Insurance
Plant and Equipment Insurance protects businesses that own, lease, or operate heavy machinery or mobile equipment used in construction, earthmoving, mining, agriculture, and industrial services. It covers loss or damage to owned or hired plant due to fire, theft, rollover, vandalism, or accidental damage whether the equipment is on-site, in storage, or in transit.
This type of insurance is critical for businesses with high-value assets such as excavators, cranes, forklifts, bobcats, graders, loaders, and other plant vehicles or tools. Cover can include optional protection for breakdown, dry hire liability, and third-party property damage.
At Angelic Insurance, we help Australian businesses compare tailored insurance for plant owners, contractors, and hire companies. Our brokers provide general advice to help structure policies that match the operational risks and asset values of your business.
How It Works
We make it easy to protect your plant and machinery with flexible, purpose-built cover across different job sites and operational settings.
Tell us about your equipment
Provide details such as type, value, ownership status (owned or hired), where it’s operated, and whether it's dry or wet hired.
We compare policies for you
We assess insurer options based on cover inclusions like mobile plant damage, hire use, rollover, and transit protection.
Select your cover structure
Choose from single asset or blanket fleet policies. We’ll help determine agreed value, excess levels, and extensions.
Add optional extras
Include breakdown cover, recovery costs, third-party liability, substitute hire costs, or underground risk if needed.
Activate your policy
Once approved, we issue your Certificate of Currency and policy schedule within 24–48 hours to keep projects moving.
Manage claims and updates
We support you through claims, asset substitutions, mid-term additions, and renewals so your plant is always covered.
Why You Need It?
Plant and machinery represent major business investments. Without insurance, an unexpected loss could lead to serious financial and operational disruption.
Covers accidental and fire damage
Protects against costly repairs or replacement of plant damaged by accidents, fire, or weather events.
Insures against theft and vandalism
Heavy machinery is often targeted by thieves or vandals, especially on unsecured sites.
Required for project compliance
Many commercial and government job sites require proof of plant insurance before allowing access.
Covers transit and on-site risks
Protects machinery in use, in storage, or being transported between job locations.
Peace of mind for hire and subcontract work
Whether you’re wet hiring or dry hiring your gear, insurance gives clients and project managers confidence in your operations.
How Angelic Insurance Can Help?
We help contractors, civil works teams, and hire businesses secure plant cover that is clear, competitive, and contract-ready.
Compare specialist plant insurers
We review multiple policies from insurers who understand the risks of operating mobile plant in Australian conditions.
Tailor for owned or hired equipment
We help you cover plant you own, lease, or hire in (dry or wet), ensuring all assets are appropriately protected.
Structure cover for projects or fleets
From a single excavator to large plant fleets, we help structure cover to support your business needs and asset growth.
Help meet contract requirements
We assist in issuing documents to meet contract terms or site access rules, including dry hire indemnities or third-party liability proof.
Claims and schedule management
If an asset is damaged or replaced, we support the claims process and keep your asset schedule current throughout the year.
Challenges Businesses Face Without Plant and Equipment Insurance
Without appropriate insurance, businesses risk expensive losses, delays, or legal disputes after damage or equipment failure.
High cost of replacement
If a $200,000 machine is written off without cover, your business must fund a replacement delaying or cancelling projects.
Uninsured transit damage
Many policies exclude damage during transport. Plant insurance ensures your equipment is protected door-to-door.
No protection for dry hire risks
If a hired-out machine causes damage or injury, you may be liable without the correct dry hire indemnity in place.
Rejected site access
Project managers may deny you entry to worksites without proof of current plant and liability insurance.
Project disruption from equipment loss
If plant is stolen, damaged, or breaks down and no cover is in place, your job schedule and client commitments may suffer.
Case Studies: How Plant and Equipment Insurance Helped Real Businesses
Case 1 – Excavator rollover on hillside site
A civil contractor in Perth lost an excavator valued at $115,000 during a rollover incident. The insurer covered the write-off and $12,000 in site recovery costs.
Case 2 – Theft from rural project site
A grader and trailer were stolen overnight from a regional site. The policy paid $84,000 for equipment replacement.
Case 3 – Damage in transit between jobs
A bobcat fell off a trailer en route to a Melbourne site. The insurer paid $22,000 for repairs under the plant-in-transit clause.
Frequently Asked Questions
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