Complete Guide to Mounted Equipment Insurance in Australia

Do you operate mounted equipment in your business or construction projects? Whether it’s in active use or securely stored, this type of machinery is vulnerable to multiple risks. Getting the right Mounted Equipment Insurance is essential to protect your investment and ensure your operations remain uninterrupted.

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Let’s explore the common risks your equipment may face and how the right insurance policy can safeguard your assets.

Why You Need Mounted Equipment Insurance

Mounted equipment, such as truck-mounted cranes, booms, diggers, and other attachments, is a valuable asset—but also a potential liability if left uninsured. Mounted Equipment Insurance is designed to cover the wide range of risks that can impact this type of equipment both while in use and during storage.

Here are the most common risks you should account for in your policy:

1. Unpredictable Weather Conditions

Australia’s climate can be extreme, and your mounted equipment can be damaged by:

Heavy flooding
Strong winds
Hailstorms
Lightning

Ask your insurer if your policy includes weather-related damage coverage, even when the equipment is not in use.

2. Accidental Fire

Whether stored on-site or in a warehouse, fire remains a top risk for mounted equipment. Accidental fires caused by electrical faults or nearby operations can destroy your unit entirely. Ensure your insurance policy covers fire damage for both active and idle equipment.

3. Mishandling or Operational Errors

Inexperienced operators can cause significant damage to the equipment, third-party property, or even themselves. That’s why your policy should offer:

Operator error coverage
Third-party liability
Property damage protection

This is especially vital for businesses with rotating teams or subcontractors.

4. Sudden Mechanical Breakdown

Poor maintenance or unexpected technical failure can result in:

Downtime for projects
Costly repairs or part replacements

Choose a policy that covers repair costs, component failure, and wear and tear from operational use.

5. Theft or Vandalism

Mounted equipment is highly attractive to thieves due to its resale value and portability. Even with CCTV and fencing, theft and vandalism remain serious risks. Ask your insurance provider to include:

Theft protection
Malicious damage cover
Replacement value coverage

What Should an Ideal Mounted Equipment Insurance Policy Include?

The best mounted equipment insurance should be tailored to your operation’s specific needs. Here’s what you should look for:

Feature	Why It Matters
Comprehensive all-risk coverage	Protection for both storage and usage conditions
Third-party liability	Covers damage to others’ property or injury
Theft and vandalism protection	Essential due to high theft risk
Fire and weather damage	Australia’s climate makes this non-negotiable
Breakdown and repair costs	Reduces downtime and out-of-pocket expenses
Customisable policy	Add or remove coverage based on business needs

Speak to a Specialist for Peace of Mind

Not sure what your mounted equipment policy should include? The smartest move is to work with a licensed insurance broker who understands heavy machinery and the daily risks in your industry. They can:

Assess your business and risk exposure
Help you compare policies from top Australian insurers
Negotiate better premiums or custom cover

Get Covered with the Experts

At Truck Insurance HQ, we specialise in all types of mounted equipment insurance for businesses across Australia. Whether you’re a contractor, builder, fleet manager, or operator, our expert team will help you find the right protection—at the best possible rate.

📞 Call us today on 1300 815 344
🌐 Or request your free quote online