Contractors Plant Insurance and Equipment Insurance (CPE) provides cover for construction equipment (frequently referred to as mobile plant and equipment) ordinarily found at building sites and road works. The term “plant” covers a range of equipment, from portable tools to large earthmoving equipment and mobile cranes.
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Some items of plant may require liability cover which needs to be evaluated. Erection dismantling and transit covers are also critical. Contractors Plant Insurance and Equipment Insurance (CPE) provides cover for both indoor and outdoor plant, as well as fixed and mobile equipment.
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Extreme care should be taken to draft the policy and ensuring that the widest possible extensions are obtained.