Suggested
Commercial Insurance
Reliable Protection for Your Essential Equipment
Coverage Highlights
Key benefits of this planSuitable for
Ideal for construction firms, equipment rental companies, individual equipment owners, and financial institutions
Assets covered
Covers Contractor's Plant & Machinery like cranes, excavators, bulldozers, loaders, compressors, generators, concrete mixers, & road rollers
All-Round Protection
Provides coverage to construction machinery & equipment against damage, fire, theft, and disasters, ensuring smooth project progression
Inclusions
What's covered?Material Damage
Covers physical loss or damage to machinery and equipment due to accidents, fire, theft, natural disasters, and other unforeseen events
Third-Party Liability
Provides coverage for legal liabilities arising from third-party property damage or bodily injury caused by the insured machinery during its operation
Transit Cover
Protects machinery and equipment while being transported to and from the construction site
Breakdown Coverage
Covers the cost of repairs or replacement due to mechanical or electrical breakdowns of the insured machinery
Hired-In Plant
Provides coverage for machinery and equipment that is hired or leased from third parties
Note
Please read policy wording for detailed Inclusions
Exclusions
What's not covered?Consumables
Loss of or damage to consumable items, replaceable parts and attachments
Vehicle plying on road
Damage to vehicles designed and licensed for general road use – unless used exclusively on construction sites
Electrical or Mechanical breakdown
Consequential damage from electrical or mechanical breakdowns is excluded, unless, caused by an accident resulting in external damage
Inventory Shortages
Losses discovered during inventory checks without evidence of an insured peril
Wear and Tear
Damage due to normal wear and tear, gradual deterioration, or mechanical or electrical breakdown.
Cessation of Work
Losses arising from the cessation of work, whether total or partial
Note
Please read policy wording for detailed exclusions
Contractor’s Plant and Machinery Insurance is a specialized policy designed to protect construction equipment against a wide range of risks. Whether the machinery is owned, leased or rented, this insurance ensures comprehensive coverage for valuable equipment such as bulldozers, cranes, excavators, concrete mixers and more. It safeguards against unforeseen events like fire, theft, accidental damage and natural disasters, all of which can severely impact project timelines and finances.
As on-site risks grow, having a machinery insurance policy becomes essential for avoiding unexpected losses and ensuring smooth project execution. A well-structured policy not only provides peace of mind but also helps contractors maintain operational efficiency and financial stability.
Choosing the right heavy machinery policy means evaluating your project’s unique needs and selecting coverage options and add-ons that offer the best protection. A flexible plan ensures that your business is always prepared, no matter what comes your way.
Contractor’s Plant & Machinery Insurance plays a vital role in safeguarding high-value machinery used in demanding construction environments. Unlike standard equipment policies, it specifically caters to the dynamic risks faced at infrastructure project sites, where machinery is constantly exposed to rough handling and unpredictable conditions. The policy covers a broad range of assets—from loaders and generators to compressors and road rollers—ensuring they're protected even when in transit or during operation.
This insurance goes beyond just covering damage; it supports continuity by minimizing financial strain from unexpected repairs or replacements. For businesses managing multiple job sites or frequently relocating machinery, this machinery policy offers the flexibility and assurance they need. In an industry where delays can lead to significant financial setbacks, having a Contractor’s Plant & Machinery Insurance policy helps maintain project momentum and reinforces long-term business resilience.
Modern construction relies heavily on specialized machinery, and any unexpected breakdown or damage can disrupt timelines and inflate project costs. Contractors’ Plant & Machinery Insurance helps businesses stay protected against such risks by covering a wide range of unforeseen incidents, including natural calamities, mechanical failures and even malicious damage. With projects often operating on tight deadlines and budgets, even a minor disruption can snowball into a major financial setback.
This insurance ensures that equipment is swiftly repaired or replaced, minimizing downtime and preserving productivity. In addition, it often includes provisions to cover third-party liabilities, protecting the contractor from legal or compensation claims due to machinery-related incidents on-site. As construction sites become increasingly equipment-driven, safeguarding these vital assets is essential. A reliable plant and machinery insurance policy offers not just coverage—but confidence to build without worry.
Whether you own, lease, finance, or rent out construction equipment, Contractor Plant and Machinery Insurance is a must-have policy. It offers financial protection against operational risks, equipment damage, and liability claims—making it valuable for a wide spectrum of stakeholders across the construction and infrastructure ecosystem. If your business or role involves the use of costly machinery on project sites, this insurance ensures continuity, compliance, and peace of mind.
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The construction sector thrives on precision, timelines, and uninterrupted operations—all of which depend heavily on the reliability of on-site machinery. However, heavy equipment like cranes, loaders, and compressors are constantly exposed to unpredictable risks, from mechanical failures and operational accidents to extreme weather and theft. Contractors Plant & Machinery Insurance serves as a crucial safety net, absorbing the financial shock of repair or replacement and minimizing downtime.
This not only protects capital investment but also strengthens a company’s ability to meet project deadlines without disruption.
For contractors and developers, the policy also instils trust among clients and partners by ensuring that risks are proactively managed. Furthermore, many contracts mandate such insurance as part of compliance, making it a practical as well as a strategic necessity. In an industry where margins are tight and delays can be costly, this coverage offers the assurance needed to operate with confidence and consistency.
Contractor’s Plant and Machinery Insurance offers extensive, all-risk coverage tailored to the realities of construction sites. Whether your equipment is owned, leased, or rented, the policy provides protection against unexpected events like theft, fire, or mechanical failure. From equipment in operation to idle or in transit, coverage extends to ensure minimal disruptions. With third-party liability protection and customizable policy features, this insurance is designed to suit the unique needs of contractors and developers. Quick claims processing further enhances operational continuity and business confidence.
Feature | Description |
Coverage | Damage, theft, fire, natural disasters |
Equipment Type | Cranes, bulldozers, mixers, rollers, generators |
Operational Status | Covers active, idle, or in-transit machinery |
Liability Protection | Covers third-party injury/damage during operation |
Policy Customization | Add-ons and sum insured as per client need |
Get instant access to your policy details with a single click.
While the base machinery policy offers extensive protection, projects often come with unique operational needs. That’s where add-ons play a crucial role. By customizing your coverage with relevant extensions, you can reduce unexpected expenses and ensure smoother claims processing. These optional covers address specific risks, such as expedited repairs, nearby property damage, or increased operational costs—helping you stay on track without financial strain.
Debris Removal Cover – Covers the cost of clearing debris after an insured accident
Express Freight Charges – Pays for urgent shipping of parts to speed up repairs
Owner’s Surrounding Property Damage – Covers accidental damage to nearby property
Additional Custom Duty – Covers extra import duty on replaced items
Overtime & Night Work Cover – Compensates for repairs done outside regular hours
Contractors Plant and Machinery Insurance can be availed by any individual or entity that owns, leases, or operates construction equipment. Eligible applicants include builders, contractors, infrastructure developers, and equipment rental firms. The machinery must be in operational condition and used solely for construction or project-related purposes. Accurate disclosure of machinery details—such as type, age, usage, and deployment location—is essential during policy application. This ensures appropriate coverage and smooth claim processing. The machinery policy is designed to support stakeholders who rely on heavy machinery to maintain timelines, reduce risks, and protect investments at work sites.
To apply for a Contractors Plant and Machinery Insurance policy, applicants must submit the Proposal Form to ensure accurate coverage along with KYC documents such as PAN, Aadhaar, or company registration proof. A detailed list of machinery with specifications and serial numbers is required, along with purchase invoices or lease agreements as proof of ownership or usage rights. Site details, including the equipment’s operating location, must also be shared. If there is any previous insurance coverage, those policy documents should be provided to help assess risk history and continuity of coverage
Bajaj Allianz General Insurance stands out as a trusted insurance partner for the construction industry, offering comprehensive and customizable Contractors Plant & Machinery Insurance plans. With a proven track record of fast and fair claim settlements, the company ensures minimal downtime and maximum support when you need it most. Its transparent processes, robust risk assessment, and expert guidance help businesses make informed decisions.
Bajaj Allianz General Insurance provides extensive coverage options, tailored add-ons, and flexible policy terms to suit the scale and nature of your projects—whether you're a small contractor or a large infrastructure developer.
Their easy digital policy issuance and customer-first approach add to the convenience. With nationwide presence and dedicated support teams, Bajaj Allianz General Insurance ensures your machinery—and your business—are protected at every step. For those seeking a reliable machinery insurance partner that understands construction risk, Bajaj Allianz General Insurance offers not just a policy, but complete peace of mind.
Mobile Self Risk Assessment
PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client
Instant Generation of Risk Report
It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client
Step-by-Step Guide
How to Buy
0
Visit the Bajaj Allianz General Insurance website
1
Fill in the lead generation form with accurate details
2
Get quote, make payment and receive the policy documents
How to Renew
0
Contact the Policy Issuing Office
1
Review expiring policy and share necessary details
2
Receive renewal quote
3
Make renewal payment
4
Receive the renewed policy documents via email
How to Claim
0
Contact us through our customer service touchpoints
1
Submit the claim form along with the necessary documents
2
Provide details of the incident and any supporting evidence
3
Cooperate with the claims investigation process
4
Receive the claim settlement as per the policy terms
Know More
0
For any further queries, please reach out to us
1
Toll Free : For Sales :1800-209-0144
2
Email ID: bagichelp@bajajallianz.co.in
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Hassle-Free Policy Issuance
I recently purchased an Engineering Insurance policy from Bajaj Allianz for my construction business. The entire process was seamless, and the documentation was minimal.
Rohit Mehta
Mumbai
10th Dec 2024
Comprehensive Coverage
The policy covers everything from contractor risks to equipment breakdowns. This is exactly what my business needed to stay protected from unexpected damages.
Sandeep Yadav
Delhi
11th Jul 2023
Excellent Customer Support
I had a lot of queries before purchasing the policy, and the customer support team patiently explained every detail. Their guidance made it easy for me to choose the right plan.
Karthik Iyer
Chennai
25th Sep 2024
Quick and Transparent Claims
My firm suffered damage to some expensive machinery, and Bajaj Allianz settled my claim in record time. The process was smooth, with no hidden conditions.
Vikram Rajput
Ahmedabad
17th Aug 2024
Ideal for Contractors
As a contractor, I needed insurance that covers accidental damages at the project site. This policy gives me peace of mind, knowing my business is secure.
Manish Verma
Pune
26th Jul 2024
Great for Infrastructure Projects
I work in infrastructure development, and this insurance has been a lifesaver. It provides extensive coverage for machinery, third-party liabilities, and worksite accidents."
Preeti Nair
Bengaluru
18th Apr 2024
Covers Third-Party Liability
What impressed me the most is that this policy also includes third-party liability, which is crucial in my line of work. This helps prevent financial losses due to unexpected mishaps.
Arvind Gupta
Lucknow
10th Jan 2024
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