Engineering Hired In Plant Insurance
Engineering Hired-In Plant Insurance is designed to protect businesses that rent or hire plant machinery and equipment for engineering or construction projects. This insurance covers the cost of repair or replacement if the equipment is damaged, stolen, or lost while under your responsibility. Whether you’re hiring cranes, excavators, or smaller tools, this policy ensures that your business is protected from the financial impact of accidents or theft involving hired equipment.
Comprehensive Protection for Rented Machinery
Hiring equipment for engineering or construction projects comes with significant risks. In case of damage, theft, or loss, you could be held liable for expensive repair or replacement costs by the equipment provider. Engineering Hired-In Plant Insurance offers peace of mind by covering these potential costs, allowing your projects to proceed smoothly without unexpected financial strain.
Features and Benefits of Engineering Hired-In Plant Insurance
Damage cover: Provides protection against accidental damage to hired plant equipment, whether on-site or in transit.
Theft cover: Covers the cost of replacing stolen machinery, ensuring your projects don’t face delays due to missing equipment.
Hired plant replacement costs: Ensures that your business is not left with the full cost of replacing hired machinery that is stolen or damaged beyond repair.
Short-term and long-term cover: Flexible policies available for short-term hires or long-term rental agreements, tailored to suit the duration of your projects.
Liability protection: Covers liability claims made by the plant hire company for damage or loss of equipment while in your care.
What is Typically Covered?
A standard Engineering Hired-In Plant Insurance policy may include:
Accidental damage: Covers the cost of repairs if the hired machinery is damaged due to accidents or misuse.
Theft of equipment: Provides financial cover for stolen plant machinery, whether from the construction site or in transit.
Fire and flood damage: Protects hired equipment from damage caused by fire, flooding, or other natural disasters.
Transport and storage risks: Cover extends to equipment being transported between locations or stored when not in use.
Third-party liability: Protection against claims made by the hire company for damage caused to the plant while under your care.
Common exclusions may include:
Wear and tear: Damage caused by general wear and tear over time is not covered.
Negligence: Damage or theft resulting from poor security or negligence may not be covered unless specifically included.
Unapproved use: Using equipment for purposes other than those agreed upon with the hire company may void the cover.
Every policy can be customised to fit the needs of your business and the type of equipment you're hiring. Becks insurance brokers will ensure your Engineering Hired-In Plant Insurance policy covers the exact risks you face during your projects.
Protect Your Projects with Becks Engineering Hired-In Plant Insurance
Ensure your business is protected from unexpected costs related to hired machinery with a tailored Engineering Hired-In Plant Insurance policy. Becks Insurance Brokers offer flexible cover for all your hired equipment needs, ensuring that your engineering or construction projects remain on track. Book an appointment with a broker here or request a personalised quote online here.
