Are You On PAR? (Plant All Risks)

A construction site can transform into a mine field at any given time. Inclement weather, human error or just circumstances beyond one’s control can affect your contractors and the equipment on site. The equipment on site is a vital component in ensuring the project is a success. Its efficiency and working condition is critical in meeting deadlines, ensuring your client is happy and maintaining your reputation as a trustworthy company.

Plant All Risks (PAR) Insurance is a product that indemnifies on an ‘All Risks’ basis for loss of, or damage to the insured plant and / or equipment whilst it is in use on site, in transit or static at any location within the Territorial Limits. (Subject to Policy Terms and Conditions)


Still not sure or clear why you need a PAR insurance policy?

We asked our senior underwriters at Consort Technical Underwriters to answer these frequently asked questions about Plant All Risk insurance:

Why is PAR insurance necessary?

In many instances, construction sites hire in or use specialized equipment such as earth moving equipment, scrapers, rollers, compactors etc.

A Contract Works insurance policy does not provide indemnity for plant and equipment whilst it is on site, on the road or at the client’s premises, therefore, it is necessary to arrange a separate policy to cater for construction plant and equipment.

What is covered under a PAR policy?

Physical loss of or damage (which is not otherwise specifically excluded) to construction plant and / or equipment. The policy can be extended to include Hired-in Plant, Continuing Hire Charges and Public Liability. Public Liability can be split into two categories, Third Party Site Liability and Third Party Road Risks Liability.

If you’re unsure of what’s not covered by your PAR insurance, please contact your broker today to help you go through your policy and clarify any questions or concerns.

For more information on our Plant All Risk insurance, to get a quote or renew please contact your broker today.

Consort Technical Underwriting Managers (Pty) Ltd (Reg No 1999/003909/07) is an Authorised Financial Services Provider (FSP No 2273), is FAIS complaint and is underwritten by Lombard Insurance Company Limited, an Authorised Financial Services Provider (FSP 1596) and Insurer conducting non-life insurance business.

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