Contractors Plant & Machinery (CPM) Insurance
Comprehensive all-risk coverage for heavy construction equipment, plant fleet, cranes, and tools operating at construction sites.
Understanding the Advisory Scope
Purpose & Scope
Protects heavy mobile plant machinery against sudden external accidental damage while operational, at rest, or during site relocation.
Why It Is Needed
Heavy on-site equipment is exposed to extreme physical risks like crane tipping, rockfalls, and operator accidents. Standard property insurance does not cover mobile assets in active site environments.
Who Should Purchase
- Heavy Infrastructure Contractors
- Machinery Rental & Leasing Companies
- Logistics & Equipment Vendors
- Sub-contracting Fleet Operators
Suitable Applications & Sectors
What the Policy Protects
Overturning & Jams
Covers physical damage caused by cranes overturning, sliding, or collision accidents.
Landslip & Rockfalls
Covers machinery crushed or buried under landslips, falling rocks, or debris.
Fire & Explosion
Protects against external fires, engine explosions, or lighting strikes on site.
Water Ingress
Covers damage to mechanical elements from flash floods, heavy rain, or river overflow.
Burglary & Vandalism
Secures your machinery yard from component theft, fuel siphoning, and malicious damage.
Operator Errors
Covers drops, handling mistakes, and collisions caused by trainee or operator negligence.
Optional Extensions Available
Third Party Liability (TPL) Extension
Covers legal liabilities for third-party bodily injuries or property damage arising out of construction activities.
Removal of Debris
Reimburses the cost of clearing site debris following an accidental damage or collapse to resume work quickly.
Express Freight
Covers additional costs of rapid express transit for replacement parts to minimize project delays.
Air Freight Extension
Reimburses the premium cost of air-shipping crucial parts or replacement machinery from international suppliers.
Additional Customs Duty
Covers unexpected customs import duties levied on replacement machinery parts brought into India.
Major Policy Exclusions
Internal Breakdowns
Mechanical or electrical breakdown of internal parts (requires special rider).
Overloading Damage
Accidents caused by operating machinery beyond its rated manufacturer capacity.
Wear & Tear Items
Superficial scratches, tracks, belts, drill bits, blades, or exchangeable tools.
Transit between Sites
Damage during road transit from one project site coordinates to another.
Structured Claims Settlement Pipeline
Required Documents
- CPM Claim Form with detailed occurrence report
- Equipment specification sheet showing serial number and manufacture year
- Repair estimation report from authorized workshops/engineers
- Site logbook entries, maintenance records, and repair invoices
BP & AF Claims Advantage
Take comprehensive date-stamped photographs immediately after any site incident. Secure internal telemetry/datalogger logs before components are dismantled. Our specialist advocates handle direct negotiation with the insurers to ensure minimal deductibles and zero processing delay.
Claim Settlement Steps
Intimation
Register the claim instantly with BP & AF with photos of the damaged unit.
Surveyor Audit
Surveyor audits the machine on-site before any repair works begin.
Repair & Bills
Complete repair via authorized workshop and submit final invoices.
Payout
Insurer pays repair costs minus policy deductibles.
Frequently Asked Questions
Request a Placement Proposal
Provide your business parameters below. An Engineering Risk Advisor will structure custom placement slips across top underwriters.
Related Engineering Coverages
Most operations require integrated policies. Explore complementary engineering risk programmes.
Contractors All Risk (CAR) Insurance
Specifically tailored to cover civil construction works, permanent or temporary building setups, materials in storage, and third-party liabilities during construction.
Machinery Breakdown (MB) Insurance
Protects critical operating machinery and industrial plant setups against sudden, unforeseen internal mechanical or electrical breakdowns.