Plant All Risk Insurance (PAR)
An essential part to any project is the equipment being used to ensure that project’s success. Like the site itself, the Plant being used in the process also faces a myriad of perils that threaten its ongoing use. Our PAR insurance covers the insured on an “All Risks” basis for the loss of or damage to the insured Plant and/ or Equipment whilst it is in use on site, in transit or being stored. Cover can be extended to include Hired-in Plant, Continuing Hire Charges and Public Liability when used as a tool of trade. PAR Cover Provided for Plant owners, plant hirer and the hiring out of plant.
Cover intended for the loss of or damage to plant being used in the construction industry such as:
- Tower cranes
- Mobile cranes
- Dumpers, etc