Plant & Equipment Insurance
Protect Your Machinery, Secure Your Success
In industries where heavy-duty machinery powers progress, a broken excavator or a toppled crane can bring everything to a standstill. Safeguard your plant and equipment to keep your business moving forward.
Why Plant & Equipment Insurance Matters
Operating heavy machinery comes with inherent risks. Plant & Equipment Insurance offers tailored protection to keep your operations running smoothly.
Comprehensive Damage Protection
Covers repair or replacement costs for equipment damaged by unforeseen events, minimising downtime.
Third-Party Liability Protection
Protects against legal liabilities arising from damage your equipment may cause to third-party property or individuals.
Hired-in Equipment Protection
Extends protection to equipment you’ve hired, ensuring all machinery under your control is insured.
Transit Coverage
Safeguards your machinery during transportation between job sites, reducing risks associated with movement.
Our Process
Our streamlined process ensures tailored coverage, competitive terms, and ongoing support for your insurance needs.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Insurer Selection & Market Research
Research the insurance market to identify suitable providers. Compare coverage options, terms, and pricing. Negotiate with insurers to secure the best terms and policies.
Policy Recommendation
Present a range of policy options and provide clear explanations of their coverage and implications. Assist you in selecting the best policy to meet your specific needs.
Policy Submission & Confirmation
Submit the selected policy application and coordinate with the insurer during underwriting. Review the final policy documents and ensure all details are accurate before providing you with the confirmed coverage.
Ongoing Support & Adjustments
Provide continuous assistance with claims, policy reviews, and adjustments as your business evolves. Ensure your coverage remains aligned with changing risks and project needs for long-term protection and peace of mind.
Expertise That Works
Strong Protection for Heavy-Duty Risk
When it comes to protecting the core of your business—your heavy-duty machinery—you need more than generic coverage. At Knightcorp, we’re focused on the nuances of plant and equipment insurance, leveraging industry insight and hands-on expertise to keep your operation secure and profitable.
- Risk Assessment Insight: We investigate site-specific risks, crafting policies that anticipate potential disasters before they hit.
- Claims Expertise On Demand: When breakdowns or theft occur, our service team acts fast, fighting for swift and equitable settlements so you can get back to business.
- Compliance Knowledge: Our team ensures your coverage aligns with Australian industry standards and regulatory requirements, no guesswork involved.
Leadership
Meet Matt
Matt Thomson specialises in plant and equipment insurance, offering 20 years of experience in protecting critical business assets. From heavy machinery to specialised equipment, Matt delivers tailored solutions to mitigate risks like damage, breakdowns, and theft. His expertise in Australian and London markets, including Lloyd’s of London, ensures clients receive comprehensive coverage for seamless operations.
Frequently Asked Questions
Demystifying Insurance
What types of equipment does Plant & Equipment Insurance Cover?
Coverage typically includes a wide range of machinery such as excavators, cranes, forklifts, and other heavy-duty equipment used across various industries.
Does Plant & Equipment Insurance cover equipment and machinery while in transit?
Yes, transit coverage is regularly included, protecting your machinery during transportation between locations.
Is third-party liability addressed in Plant & Equipment Insurance?
Yes, Plant & Equipment Insurance may include protection against legal liabilities if your equipment causes damage to third-party property or injuries to individuals.
Does Plant & Equipment Insurance cover mechanical breakdowns?
Policies exclude wear and tear but may cover mechanical breakdowns caused by unforeseen events. Check your policy for specifics or look at coverage extensions from specialist insurers.
So how do I insure older equipment?
Plant & Equipment Insurance can be designed to cover older equipment, but the coverage terms and premiums may vary depending on the age and condition of your equipment.
Industries
Industries We Protect
