Mobile Plant and Machinery

These are policies designed to cover a wide range of risks specifically on Material Damage, Breakdown of the Machinery, related Consequential Loss as well as the legal liability exposure related to such equipment. Specifically the policy provides cover for:

  • Provides cover for sudden and unforeseen physical loss, damage or destruction for owned or hired in mobile plant and equipment.
  • The sudden and unexpected breakdown of a mechanical, electrical or electronic part of a Machine that prevents the normal use of the machine.
  • Cover for Third Party or Property Damage arising from the use, operation or towing of a registered road vehicle or machine in connection with the business along with the legal liability for personal injury, property damage or advertising injury caused by an occurrence in connection with the declared business activities.
  • Can be extended to cover loss of profits that occurs as a result of damage or breakdown damage (if this cover is taken) to a machine which causes an interruption to the business.

 

The Material Damage section can include

  • Accidental overload for machines designed to lift.
  • Dry hire after the insured declares activity. Includes theft by hirer.
  • Cover for unspecified attachments which reduces chances of having no cover for undeclared items.
  • Substitute machines cover for similar machines whilst insured item is undergoing repair or maintenance.
  • Transit cover by road, rail and air

The Liability Section can include:

  • Liability for either that particular machine or for all declared activities
  • Cover for completed operations
  • Registered vehicles when used as a tool of trade
  • Hook Liability to a specific sub-limit
  • Damage to underground services (with conditions)
  • Dry Hire
  • Hired out road vehicles – damage waivers

Why CPR Insurance Services?

CPR Insurance Services have a range of insurance solutions for Mobile Plant and Machinery whether owned or hired. CPR’s experience in all areas of engineering and construction risks gives you the advantage of fast and accurate advice, no-nonsense claim handling and experts who understand your needs and the nature of the risk exposure.

We have streamlined the whole insurance process so that arranging your cover, managing your claims and taking care of any other needs can be done quickly by phone or email.

Things to remember in Mobile Plant and Machinery Insurance Policies

These Policies generally contain an exclusion for liability assumed or recovery rights waived under contract or agreement, however some insurers will not apply this exclusion to Covered Contracts (which includes contract with Principals). These are contracts between you and your principal for the provision of work or service by you. Covered Contracts do not normally cover any hire agreement or other contract or agreement for the hire or lease of equipment, so make sure the policy is extended to include these where required.

Who can help?

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge. Call a good one.

Call CPR – Experts who will save you.

Latest News

High Court dismisses Business Interruption Test Case

Today the High Court dismissed appeal by Insurers on the Business Interruption test case. Even the big insurers make silly mistakes! But you the policy holder may benefit if you were one of the 40% of Business Pack policy holders that added Business Interruption cover to their Business Pack. While it was never the intent of insurers to cover policyholders for the loss of income from a pandemic, the fact that insurers never factored in a risk premium for it, and the fact there is supposed to be a material or physical loss to trigger the Business Interruption section, none of that matters according to the highest Court in the land. So what was the mistake? Simply that when insurers defined what they considered to be the definition of an infectious disease, they referred to the Quarantine Act of 1908 which since was superseded by the Biodiversity Act of 2015. Because the Quarantine Act of 1908 no longer exists, apparently you cannot draw on this for a definition of an infectious disease? Not one of the insurers picked up on this! Shows how much interest we take on the business of Governments, except what is reported in the media.

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Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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