home » contractors plant machinery insurance
Plant & Machinery Insurance

Contractor's Plant & Machinery Insurance. It is an important all risks policy covering principally movable plant and machinery owned or leased by the principals or contractors and used on site for various construction work, repairs & maintenance jobs or even regular site work. This is an 'All Risk' policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy.


Construction Plant and Equipment often constitute a considerable part of a building or erection contractor's investment. Moreover, heavy duty and movable machinery often operate in hostile terrain; are exposed to extremes of weather and natural perils; besides being exposed to a number of other hazards depending upon the nature of construction, erection work or usage.

Salient features of this policy are:

    It covers various types of machinery, plant and equipment, both electrical and mechanical against unforeseen or sudden physical damage of the insured    machinery due to any cause not excluded.

    There is an option to cover only selected machinery under the policy.

    It provides coverage for machinery at various locations by specifically mentioning the equipments at each location.

    The Policy can be taken by the owner, contractor or by the financiers of the machinery.

Get personalized assistance. Call 02224444492/93.

Send us an email | We'll call you in 24 hrs
Press Esc to close
"I have to keep travelling abroad for various projects & do not have enough time to keep a track of my investments,hence i used to invest much less earlier but now with Metcon Finance
I can relax as they have given the right direction to my investments."

Mr.Jagdish Mansukhani,
Chairman & MD,
Man Steel & Power Ltd

hsbc deutsche Standard icici bank HDFC bank Axis Bank Kotak Bank ING Bank Religare  HSBC Investdirect Bajaj Finserv Tata Capital Edelweiss Indiabulls Financial Services Reliance Capital DHFL Future Capital Holdings Ltd. AK Capital HDB Financial Services fullerton services RR Investor services Tata Securities Bajaj Capital ICICI Prudential Life Insurance Reliance Life Insurance Aegon Religare Life Insurance L&T General Insurance Max Bupa