INDUSTRIAL SPECIAL PLANT (ISP) / MOBILE PLANT AND MACHINERY

SEVEN COVERAGE SECTIONS IN ONE COMPREHENSIVE MOBILE PLAND AND EQUIPMENT INSURANCE PACKAGE

 

UAS understands the importance of protecting assets and tailoring insurance solutions to safeguard mobile plant and equipment.

Incorporating seven key cover options into one package, ISP has been designed to protect all types of mobile plant and equipment from the smallest post hole digger to the largest fixed or mobile cranes. ISP can be tailored to meet the needs of your client and provide a simple and easy one quote, one application process.

Damage

Cover for owned mobile plant and equipment

Hired in Plant

Cover for non-owned mobile machinery and plant hired-in by the insured

Additional Benefits

A combination of automatic and optional benefits which allows cover to be tailored to the insured’s needs

Financial Protection

Allows tailored coverage to protect the insured’s business from financial loss

Breakdown

Cover for mechanical breakdown of mobile machinery and equipment

Road Risk

Third Party Property Damage cover for registered vehicles

Broadform Liability

Provides comprehensive legal liability protection in connection with the insured’s business activity

Total mobile plant and equipment protection for your clients

ISP can be tailored to suit your client’s business needs and includes the following additional benefits:

  • Damage to lifted Goods – automatic sub-limit of $15,000
  • Multiple crane operations
  • Expediting costs – $15,000 or 20% of the indemnity payable
    whichever is the lesser
  • Standard basis of settlement – Market Value Plus
  • Recovery costs – no damage – sub-limit of $50,000
  • Recovery costs – damage – sub-limit of $250,000
  • Employees property damage – sub-limit of $1,000
  • Indemnity to hirer – wet hire
  • Appreciation in value
  • Extra cost of reinstatement
  • Owners Protection

ISP can be extended to provide a number of additional benefits to meet your needs. Please contact your UAS Business Development Manager or ask your insurance broker or agent for further information.

Plant and Equipment Cover can be provided for the types of equipment listed below (but not limited to):

For more information about ISP please refer to the documents section of this website for a copy of the full Policy Wording or contact the UAS office.