Contractors Plant
- Specified Plant, Unspecified Plant, Hired-in Plant
This annually renewable and flexible product is designed for a variety of businesses, offering cover in respect of Own and Hired In Plant. The policy provides “all risks” protection for all types of plant and machinery.
With a policy wording tailored to the requirements of your customer and expert underwriters located throughout the country, RSA is a leading insurer for ‘plant all risks’ business.
Own Plant cover may be selected as:
- Blanket Plant Cover - Traditional blanket basis
- Specified Plant - Itemised basis for smaller inventories.
- Inventory Plus – For larger fleets of plant on a blanket description basis where the insured submits a list of all plant at quotation stage and each subsequent renewal.
For Own Plant less than a year old, the policyholder enjoys cover for the reinstatement of the item. If greater than one year old, the insured is covered for the value of the property at the time of the damage, or the cost of repair.
For Hired In Plant, cover is provided in respect of the policyholder’s liability under the terms of the hire agreement and can include negligent breakdown and continuing hire charges.
We offer a guaranteed level of service including:
- Nominated telephone lines
- Initial response to quotation enquiries within 24 hours
- Policy documents to meet contract certain standards
Sweet Spots
Examples of where we have a particularly strong appetite, are actively targeting, and have been found to be at our most competitive.
- Building/General Contractors
- Plant Hire Contractors
Showstoppers
Risks we would never write, or write only rarely forming a small part of a wider portfolio.
- Forestry/Timber or Tunnelling Contractors
- Hired In Plant in Isolation