Plant and machinery insurance helps protect Australian builders, contractors, civil operators and equipment owners against accidental damage, theft, fire, collision and other insured events affecting essential equipment.
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Plant and machinery insurance is designed for the equipment your business owns, leases or uses on construction sites, civil projects, earthmoving jobs, farms, quarries and other commercial operations. ABS can help structure cover around where your equipment operates, how it is transported, and whether it is used for your own work, dry hire or wet hire.
Cover can be arranged for excavators, loaders, bobcats, skid steers, graders, rollers, cranes, forklifts, telehandlers and other commercial plant.
Material damage cover may respond to accidental damage, theft, fire, malicious damage, storm and other insured events, subject to the policy wording.
If you hire equipment, an extension can help address your responsibility for damage or theft while the plant is in your care, custody and control.
Options may be available for equipment while being transported, including recovery, removal and reasonable associated costs after an insured event.
Registered plant travelling on public roads may require road-risk liability, while public and products liability can address third-party injury or property damage exposures.
Optional breakdown, consequential loss, downtime or replacement-hire cover may help reduce the financial impact when critical equipment cannot work.
We understand the equipment and operational risks faced by builders, contractors and civil operators.
We help compare cover for owned, leased, hired-in, dry-hire and wet-hire plant.
We approach specialist commercial markets for equipment, liability and road-risk requirements.
When equipment is damaged or stolen, we help you understand the policy response and next steps.
ABS Insurance Brokers provides practical insurance assistance for businesses across Australia.
Speak with ABS Insurance Brokers about tailored plant and machinery insurance for your equipment, industry and operations.
Plant and machinery insurance can help protect commercial equipment against accidental damage, theft, fire, collision and other insured events. Depending on the policy, it may also include hired-in plant, transit, road-risk liability, breakdown, recovery and loss-of-use options.
Cover can be considered for excavators, loaders, bobcats, skid steers, cranes, forklifts, telehandlers, graders, rollers, compressors, generators, drilling equipment, concreting equipment, farming machinery and other declared commercial plant.
Yes, subject to insurer acceptance and the hire agreement. Hired-in plant cover is designed to address the hirer’s responsibility for damage or theft while equipment is in their care, custody and control. The hire period, equipment value and use must be disclosed.
Plant operating or travelling on public roads may need road-risk or third-party property-damage liability cover. Public and products liability can also be relevant where plant operations may cause injury or damage to third-party property. Compulsory Third Party insurance does not replace these covers.
Some policies can include mechanical breakdown, consequential loss, downtime or replacement-hire extensions. These are not automatic and may be subject to separate limits, waiting periods, exclusions and insurer conditions. Regular maintenance and accurate equipment values are important.
