Contractors' Plant Insurance
© Getty Images

Contractors' Plant Insurance


Broker/agent trading options

Delegated authority/reinsurance solutions

The construction industry depends upon a wide range of plant and equipment; from tower cranes and large mobile cranes, to excavators, generators and hand tools.

Due to the nature and use of these types of plant, they are susceptible to risks such as damage on site, damage in transit, fire and theft.

John Nicholls, Construction Product Lead - HSB
John Nicholls
Construction Product Lead - HSB

Our response

Our Contractors' Plant insurance policy provides comprehensive cover for unforeseen loss or damage to construction plant and machinery.

Cover is available for owned or hired-in plant and is targeted at equipment owners, hirers and construction industry contractors/sub-contractors.

However, it is also relevant for manufacturers and businesses that often need to hire in machinery and equipment.

Our Contractors' Plant policy provides:
  • cover on a specified or blanket basis for owned plant
  • broad description of plant cover covered with owned plant insurance on a reinstatement (new for old) basis up to 24 months old
  • legal liability cover for hired-in plant under the terms of the hire agreement
  • cover for plant whilst hired out

Our Contractors' Plant policy contains no security conditions as standard. However, premium discounts are available for customers who install quality security systems (such as Thatcham-approved devices) and register with the Construction Equipment Security and Registration scheme (CESAR).

Cover extends to include repair investigation costs, debris removal, recovery of immobilised plant, damage due to cyber attack on owned plant, theft of fuel from insured plant, damage to unmanned aerial devices whilst not being operated, CPA contract lifts, Fire Brigade charges, loss of keys, transit by roll on/roll off ferry, temporary removal outside of the territorial limits but within the European Union.

Delegated Authority/Reinsurance Solutions

We can also provide our partners with innovative, all-encompassing construction solutions. If you’re looking to provide specialist cover as part of your commercial proposition, contact our team.

Why buy HSB Construction Insurance?

Our underwriters and risk engineers have extensive experience in providing construction insurance and are recognised as experts in this field. Drawing on our vast expertise in the construction sector, we are able to provide insurance products to meet the insurable risks of a specific project.
  • Policy wordings specifically designed with contractors/sub-contractors, property builders and developers, and construction plant owners in mind
  • Extensive underwriting expertise
  • Specialist engineering knowledge of plant and machinery
  • Cover available across the UK and Ireland
  • Access to experienced in-house construction loss control risk engineers
  • Access to claims handlers and loss adjusters with specialist knowledge of the construction industry

Claims Examples

HSB Construction Insurance in action

A gardening company's chipper, which was stored at a farm, was stolen just a month after it had been purchased on finance. Settlement was issued to the finance company for the amount outstanding, and the remainder to the gardening company.
A construction company's hired-in surveying manual total station blew over in the wind, sustaining damage to both the handle and control panel.
A construction company's hired-in digger, secured with a sensor alarm, CCTV and Heras fencing, was stolen by thieves.
© Getty Images

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Product Documentation

Construction Product Spotlight: HSB Machinery Inherent Defects Insurance

Available for periods of up to 12 years, our product provides comprehensive cover for the mechanical and electrical services installed in new buildings undergoing construction, 'shell and core' building refurbishments, and completed buildings less than two years old.

Why choose HSB?

  • Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
  • Winner of the 2021 British Insurance Awards 'Specialist Insurance Company of the Year' award
  • UK-based arm of HSB Group, the equipment breakdown insurance and inspection market leader since 1866
  • Part of Munich Re, a world leader in risk solutions, consistent risk management and financial stability
  • Financially strong and stable – rated A++ (Superior) by A.M. Best Company
  • A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism

Contact Us

For more information, speak to your insurance broker, your usual HSB contact,  or contact your local HSB office.

For e-trade enquiries, contact our dedicated E-Trade Team.

To discuss our delegated authority/reinsurance solutions, contact our Partnerships Team.

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