Contractor’s Plant and Machinery (CPM) Insurance provides comprehensive protection for construction equipment, plants, and heavy machinery used on project sites. It safeguards against risks such as fire, theft, accidents, natural disasters, and breakdowns while the machinery is at work, at rest, or during transit.
This insurance is essential for contractors, builders, and companies that rely heavily on expensive machinery. By covering repair or replacement costs, CPM insurance minimizes financial risks, ensures smooth project completion, and helps businesses avoid delays due to equipment failures.
With customizable coverage, companies can secure everything from excavators and cranes to drilling rigs, bulldozers, and other specialized equipment.
Q: What does CPM insurance cover?
A: It covers loss or damage to construction machinery caused by fire, theft, collision, overturning, natural disasters (like floods, earthquakes, storms), and accidental breakdowns.
Q: Who needs contractor’s plant and machinery insurance?
A: Contractors, construction companies, infrastructure developers, and businesses that own or lease heavy machinery.
Q: Is CPM insurance mandatory?
A: While not always legally mandatory, it is often required by project owners, lenders, or contracts to ensure project security and compliance.
Q: Does CPM insurance cover machinery during transit?
A: Yes, policies can be extended to cover equipment while being transported between project sites.
✔ All-Risk Coverage – Protection against fire, theft, natural disasters, and accidental damages.
✔ Wide Range of Machinery – Excavators, cranes, bulldozers, drilling rigs, compressors, and more.
✔ On-Site & Off-Site Coverage – Protection while machinery is at work, rest, or in transit.
✔ Repair & Replacement – Covers costs for damaged parts or complete machinery replacement.
✔ Third-Party Liability (optional) – Coverage for damages or injuries caused to third parties.
✔ Customizable Add-ons – Extensions for earthquake, floods, terrorism, or rental reimbursement.
