Whether you’re working on a big job or a smaller project, time is of the essence to tradies. There are tight deadlines and clients to please, and if your equipment unexpectedly breaks down or one of your contractors damages your tools, it can quickly become a big problem.
That’s why having adequate plant and equipment insurance is a smart move that could potentially save you thousands of dollars.
What is Plant and Equipment Insurance?
In addition to a highly skilled workforce, specialized heavy-duty equipment is the lifeblood of many industries. Unavoidable accidents can happen at any time, and when they do, they can leave you in a tricky situation trying to navigate how you’ll continue a job. That’s not the case when you have taken out a quality insurance policy that will cover the damage and liability costs and find substitute machinery as quickly as possible so you can continue working.
Whether you’re a local handyman, large scale construction site, or major plant operator, there’s a plant and equipment insurance policy out there for you. Some of the most popular types of equipment and plant insurance include:
Bobcat Equipment Insurance
Bobcat machinery is the Australian market leader in compact construction equipment. Owning and operating bobcats and excavators comes with a considerable amount of risk including theft and damage while it’s in use.
Mining Equipment Insurance
Mining equipment insurance provides essential cover for mining equipment that’s damaged, broken, or stolen either on or off the mining site. Mining is a specialized and high-risk industry that utilizes expensive tools and equipment. As a business, you need to ensure that your trucks, diggers, loaders, and other mining equipment are safe and in perfect working order.
Farming Equipment Insurance Coverage
Farm equipment insurance can be customized to your individual farm and agricultural operations. Policies cover a vast range of farm equipment including tractors, mowers, quad bikes, ploughing machinery, motor vehicles, and many other types of electronic equipment. Whether you’re a small scale hobby farm or a regional provider for fresh produce, farm equipment is very expensive and is an integral part of smooth-running operations. It’s vital to ensure you’re covered.
How much does it Cost?
It’s very difficult to provide an estimate of how much it will cost. Some of the variables that can affect a premium include:
- Whether you need public liability cover
- Whether you need road risk liability cover
- Whether you need transit cover
- Number of employees operating equipment
- The type of equipment you have
Get your Quote Today
Truck InsuranceHQ is a multi-award winning brokerage with more than ten years of experience in the insurance industry. We have access to some of the highest-rated equipment insurers across Australia, allowing us to find the best insurance policy for your business.
To compare the policies in Australia, you can request a quote online or call one of our experienced brokers on 1300 815 344. We’re here to help you get the best possible insurance coverage for your business.