What else does Machinery and Plant Insurance cover?
The range and levels of cover that you need will depend on what sort of construction, engineering or manufacturing business you operate, and whether you own or hire in your tools and machinery.
Typically, a Machinery and Plant Insurance policy will cover the tools and machinery essential for the operation of your business, for example, compactors, diggers, dumpers, and forklifts.
If you operate a construction site, JCB plant insurance will be a priority to protect you from damage or theft. If you’re in engineering, you’ll likely have precision equipment to insure. If you’re in manufacturing, you’ll want to minimise losses associated with faulty machinery. All of these aspects can be tailored around your business.
In addition, you will need to consider the more standard covers that many businesses will need – public and employers’ liability, as well as protection for your premises and contents as well as business interruption.