Empowering Efficiency, Ensuring Reliability: Contractor Plant and Machinery – Your Equipment's Guardian.

Contractor Plant and Machinery Policy

The Contractor Plant and Machinery Insurance policy is tailored to protect essential equipment and machinery vital to the construction industry.

This policy is especially relevant when the machinery is in operation and under the control of an operator, offering a comprehensive safeguard for contractors and project owners against potential financial losses and ensuring the uninterrupted progress of construction projects.

This policy is especially relevant when the machinery is in operation and under the control of an operator, offering a comprehensive safeguard for contractors and project owners against potential financial losses and ensuring the uninterrupted progress of construction projects.

Who needs CONTRACTOR PLANT & MACHINERY Insurance ?

  • Construction firms and contractors
  • Companies that rent equipment
  • Owners of individual pieces of equipment
  • A bank or financial institution investing in the project

What is Covered and not Covered

What is covered in CONTRACTOR PLANT & MACHINERY insurance ?
What is excluded ?

Covers unforeseen and sudden accidental physical loss or damage from any cause (other than those specifically excluded) to construction plant and machinery whether the insured items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.

Examples of such machinery include - Forklifts, Mobile cranes, Earth-moving machines, Conveyor systems, Concrete batch plants, Tower cranes and hoists, Road surface finishers, compactors and rollers"

  • Loss or damage due to any internal electrical or mechanical breakdown, defective lubrication, lack of oil or coolant although any consequent external damage is payable.
  • Loss or damage to replaceable parts or attachments such as bits, drills, knives, dies moulds etc.
  • Loss or damage whilst in transit from one location to another.
  • Loss due to wear and tear, corrosion, rust, deterioration, atmospheric conditions.
  • Loss or damage during testing operating or whilst being used for a purpose other than designed for.
  • Loss or damage to machinery working under ground.
  • Loss or damage for which the supplier or manufacturer is responsible either by law or under contract.
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Addon Covers offered by Takaful Oman

  • Third party liability - personal injury and property damage.
  • Damage to owner's surrounding property..

You can intimate your claim through any of the following methods

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Call us @

22701600

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Whatsapp us @

22701600

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Write to us @

customerservice2@takafuloman.om

Information required to get a CONTRACTOR PLANT & MACHINERY quote

  • Details related to Principal, Contractor, and Subcontractor.
  • The estimated cost of the project.
  • The start and end date of the project.
  • Details related to Testing for EAR projects.
  • Equipment details for EAR projects.
  • Sum Insured breakdown for different scopes of work.
  • Location details of the risk.

Documents required for filing a CONTRACTOR PLANT & MACHINERY claim

  • Duly filled claim form
  • Police Report
  • Furnish all other information and documentary evidence as maybe required by the Company or the adjuster
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