Contractors' Plant and Machinery (CPM)

Interest Insured All types of machinery/ equipment at construction/ erection site etc.
Who Needs To Buy

Construction/ Erection/ Installation projects such as:

  • Building Construction projects (houses, schools, hospitals, shopping centers, public buildings…)
  • Civil Engineering projects (roads, railways, pipelines…)
  • Mechanical or Electrical Installation projects
  • Crane/Machineries erection/re-erection projects

Scope Of Cover/ Insured Perils

Covering to all sudden and unforeseen accidental physical damage to machinery. In the event of a breakdown, We may:

  • repair the damaged item of machinery to its condition immediately prior to damge, or
  • replace damaged of machinery with similar items, or
  • pay the Insured the cost of repairs or replacement, whichever is the lesser.

Depended on the Insured's:

  • The work and the site
  • Contract details and values
  • Type/Origin and sizes of Machinery
  • Maximum limit per machine
  • Year of manufacture
  • The claim history
Requested Document
  • Proposal Form/ Application Form
  • Types and list of machinery insured