Contractor’s Plant & Machinery Insurance
We’ve Got Every Machine Covered, Every Step of the Way!
All-Risk Machinery Coverage
Transit & Relocation Protection
Idle & Under-Repair Coverage
Custom Machinery Add-ons
Imported Equipment Protection
Multi-Site Validity
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What is Contractor's Plant & Machinery Insurance?
Every construction project depends on different types of equipment and machinery from cranes and compressors to excavators, welding sets, and rollers. These machines are essential for completing work efficiently, but they're also exposed to risks like accidental damage, fire, theft, or breakdown.
That's where Contractor's Plant & Machinery (CPM) Insurance comes in. This policy protects your construction equipment whether it's used on one site or across multiple projects from unexpected loss or damage.
Who Needs Contractor's Plant & Machinery Insurance?
Contractor's Plant & Machinery (CPM) Insurance is ideal for anyone who owns or uses construction equipment and heavy machinery at project sites.
This includes:
Contractors or Builders
Who use machinery for multiple projects.
Equipment Owners or Lessors
Who lease their machines to others.
Companies or Hirers
Responsible for operating or maintaining the machinery under an agreement.
Whether you own, rent, or lease your equipment, BuyVima helps you get the right insurance plan to protect your machines against unexpected damage or loss so your projects never face downtime.
Why Do You Need Contractor's Plant & Machinery Insurance?
Construction equipment like cranes, bulldozers, compressors, and excavators plays a vital role in every project but these machines are often exposed to risks such as accidents, fire, theft, or breakdowns.
Contractor's Plant & Machinery (CPM) Insurance helps protect you from financial loss if your machinery gets damaged whether it's in use, idle, or even being cleaned or repaired.
Protection for equipment in use, idle, or under repair
Coverage against accidental damage and breakdowns
Financial security for your machinery investment
Peace of mind during project execution
What Is Covered Under Contractor's Plant & Machinery Insurance?
Every project and its equipment face unique risks that's why understanding what's covered (and what's not) under your Contractor's Plant & Machinery (CPM) Insurance is essential before you choose a plan.
It’s an All Risk Policy, i.e., everything is covered except specifically excluded.
Fire, explosion, theft, or natural disasters like earthquakes, floods, or storms
Damage during transit of machinery between project sites
Loss due to external causes including impact, collision, or falling objects
Third-party property damage or injury resulting from use of insured machinery
Testing or operation risks, especially for newly installed machines
Frequently Asked Questions
FAQs About Contractor's Plant & Machinery (CPM) Insurance by BuyVima
BuyVima answers the most common queries to help you understand Contractor's Plant & Machinery Insurance before choosing.