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Mobile Plant & Equipment Insurance

Whether you’re a farmer, contractor or miner, insurance for your plant or equipment can cover your business assets from various risks

Chubb’s package policy provides cover for a wide range of mobile plant and equipment types across multiple industries. Offering insurance protection for material damage and increased costs of working, among other benefits.

Coverage

What it covers

We have a strong focus on the following industries: 

  • Earthmoving/Excavation contractors
  • Mining – above ground, open cut 
  • Directional drilling 
  • Builders/Construction/Civil construction 
  • Road construction/Road works 
  • Plumbers
  • Plant hire companies (dry and wet hire) - dependent upon machine type 
  • Agricultural/Farming (tractors and farm implements such as hay tools, tillage, planters, discs, grinders/mixers, spreaders/fertilisers,)
  • Grape and other fruit harvesting 
  • Access and materials handling equipment 

 

Market specialisation

Chubb will also consider the following industries: 

  • Concrete/Boom operators 
  • Crane operators (preference for wet hire) 
  • Drilling operators – not oil or gas 
  • Metal recycling plants 
  • Quarry operators
Coverage
Coverage

What it covers

In addition to a comprehensive level of additional covers, our mobile plant & equipment insurance policy also includes the following features in the material damage section of our wording:

Basis of Settlement

- Replacement value on machines less than 24 months old and market value for machines over 24 months (subject to sum insured). 

Traditional mobile plant and equipment products typically only allow for market value as the basis of settlement regardless of the machines age, but with Chubb’s mobile plant product, the insured is able to obtain a new machine for their machines less than 24 months old which are involved in a total loss scenario.

Why Chubb?
Why Chubb?

Benefits of Chubb coverage

Chubb has a long-standing history of providing insurance solutions for mobile plant and equipment. In fact, we provide insurance programmes for some of the world’s leading plant and equipment manufacturers and distributors. Here are some key advantages of choosing Chubb:

Global reputation
As a world leader in insurance, Chubb brings unmatched expertise and financial strength to provide comprehensive coverage.

 

 






 

 

 

 

 

Our focused underwriting approach enables us to provide consistent and competitive terms in our chosen segments, all backed by our:

  • strong financial rating

  • renowned claims service

  • long-term commitment to the Australian market

  • local underwriting expertise

  • strong loss control capabilities.

Chubb only provides general advice and does not consider your objectives, financial situation or needs. To decide if this product is right for you and to obtain a copy of the Expatriate Insurance Policy Wording and Product Disclosure Statement (PDS), contact a Chubb Independent or Global Broker Unit representative today.

 

 

Interested in these Chubb policies?

 

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks