Plant & Machinery Insurance

Insurance for owned plant and machinery

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Plant machinery and equipment can be expensive, so as a business it makes perfect sense to have a policy that ensures any machinery or plant you either own or hire is adequately protected. Plant and machinery is often a highly regarded target for thieves and other would be pests who might wish to cause malicious damage. With expensive machinery susceptible to losses from a wide range of causes you’ll want to ensure you’re covered should such a loss occur. With the right cover in place you can rest easy, safe in the knowledge your owned machinery and plant is covered if the worst were to happen. With cover available upon request as an add-on to our core covers such as Public liability cover and Employers liability.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Protect your hired-in Plant and machinery

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When hiring in plant and machinery, you might often agree to a damage waiver with the hire company, meaning they insure the item and you’re made liable for a certain fee should a claim occur. The hire company will often pass the cost of their insurance onto you and your business and you’ll of course need to pay the policy excess in the event of a claim. However if you’re a regular user of hired in plant you can also take advantage of having your own hired in plant cover. Many hire companies will allow you to insure hired-in items, giving you full control over the scope and level of cover you need. You can also avoid the often hefty insurance charge that the hire company would normally pass on to your business. You’ll likely find it works out more cost effective for your business to simply insure the items.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm


Cover for continued hire charges

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We can also provide cover for any ‘Continuing Hire Charges’. These are charges that the Hire Company will want even though the insured plant or machinery may not be usable following a claim, for example it may have been stolen or suffered fire or flood damage. With cover typically available as standard over 12 months and covering up to £5,000 worth of hire charges, larger amounts are available upon request.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Why choose The Insurance Octopus?

One of our tradesman insurance specialists will discuss your business requirements with you and look to compare quotes from major UK insurance providers.You will get a bespoke policy that ensures you only pay for the cover you need. Trade insurance options available via our panel of UK brokers covering you for sector specific situations as required.

We can provide you with your business insurance and documents on the same day in most cases (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit.

Call us today for a quote.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm