Contractor Plant and Machinery Insurance

  • Home
  • Contractor Plant and Machinery Insurance

Askari offers a dedicated cover against loss or damage to Contractors’ Plant and Equipment while working at a specific work site or while at rest or during maintenance operations. This cover comes with the flexibility of ‘non-limitation’ to a particular work site and is designed to be on an ‘annual basis’.


Contractor Plant and machinery include the following Risk

  • Fire, Lightning and explosion
  • Theft and malicious damage
  • Impact, collision and overturning
  • Impact damage resulting from breakdown and road risk


  • It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement.
  • The cover, which excludes internal breakdown, applies at work, at rest or during maintenance operations
  • This policy also provides cover for inland transport with additional premium.


  • The owner of the machine
  • The contractor / user of the construction machinery
  • The financial institutes who have an interest in the construction machinery


The policy can be extended to cover

  • Third party liability - personal injury and property damage.
  • Damage to owner's surrounding property.


  • Proposal form dully filled, signed and stamped
  • Item wised breakup of construction machinery