Contractors’ plant and machinery insurance
In construction, forestry work, agriculture, and other areas, machinery is an indispensable assistant. Contractors’ plant and machinery insurance provides confidence that the work processes will not be interrupted due to unexpected breakdowns or damage. Whether it is a tractor during the field work season or a construction machine during the busy period of road construction – insurance covers unexpected losses.
Why choose ERGO contractors’ plant and machinery insurance?
Contractors’ plant and machinery insurance is important because it protects your work machines from unexpected situations. The insurance covers damage that may occur in the event of a traffic accident, overturning, sinking into the soil, fire, storm and wind damage, and many other risks. By mitigating these risks, you can soon resume shortly without any unexpected expenses.
All-risk insurance
All-risk insurance covers all unexpected and unforeseen events that are not excluded in the insurance terms and conditions and contract. This means that the cover is extensive and the non-indemnified cases are clearly described.Sum insured
The sum insured corresponds to the market value of the machine, which remains the same even after the payment of any partial indemnity.Additional expenses
Justified essential expenses that were incurred to prevent or reduce damage, even if the desired result was not achieved. Expenses include, for example, rescue and transport costs, such as lifting a damaged machine, pulling it out of the ground or transporting it to a workshop.Supplementary insurance coverage
For example, the possibility of using a replacement machine or insurance against internal breakage are available as additional covers.Flexible payment solutions
You can pay by period, as the final amount does not change from this.Policyholder
The policyholder can be both a legal entity and a private person.What does contractors’ plant and machinery insurance cover?
Here are some of the most common cases that are insured. All-risk insurance covers everything that is not excluded separately in the terms and conditions.
Fire and explosion
We will indemnify damage caused by fire, explosion or arson.
Natural disaster
We will indemnify damage caused by storms, floods, hail or other exceptional natural events.
Theft, vandalism
We will indemnify damage caused by theft, misappropriation, robbery or the attempt to steal the machine or part of it if, at the time of the incident, the guarding of the machine was ensured in accordance with the terms and conditions agreed in the contract and/or safety requirements, as well as damage caused by the wrongful actions of a third party (vandalism) aimed at violating or destroying the machine or part of it.
Loss events during work and while in traffic
We will indemnify damage caused by a traffic accident on the road, including carrying, towing or coupling a machine, transporting the machine during loading or unloading, running into obstacles or colliding with other moving or stationary vehicles or machines. We will also indemnify damage caused by the falling of an object onto the machine or the falling of the machine itself, subsidence of the machine into the soil, overturning of the machine, and other damage that is not excluded in the terms and conditions.
What does contractors’ plant and machinery insurance cover?
Here are some of the most common cases that are insured. All-risk insurance covers everything that is not excluded separately in the terms and conditions.
We will indemnify damage caused by fire, explosion or arson.
We will indemnify damage caused by storms, floods, hail or other exceptional natural events.
We will indemnify damage caused by theft, misappropriation, robbery or the attempt to steal the machine or part of it if, at the time of the incident, the guarding of the machine was ensured in accordance with the terms and conditions agreed in the contract and/or safety requirements, as well as damage caused by the wrongful actions of a third party (vandalism) aimed at violating or destroying the machine or part of it.
We will indemnify damage caused by a traffic accident on the road, including carrying, towing or coupling a machine, transporting the machine during loading or unloading, running into obstacles or colliding with other moving or stationary vehicles or machines. We will also indemnify damage caused by the falling of an object onto the machine or the falling of the machine itself, subsidence of the machine into the soil, overturning of the machine, and other damage that is not excluded in the terms and conditions.
Good to know / FAQ
The insurance covers a wide range of machinery, including construction machinery (such as excavators, cranes, bulldozers), agricultural machinery (such as tractors, combine harvesters, harvesters), and other specialised equipment.
The price of insurance depends on a number of factors, such as the type and value of the machine, the frequency of use of the machine, geographical location, and the history of past losses associated with the machine.
The insurance terms and conditions set out the risks that are excluded by contractors’ plant and machinery insurance. Please refer to the exclusions section. It is also important to observe all safety requirements and adhere to the instructions for use established for contractors’ plant and machinery.
