Construction Equipment & Machinery Insurance
Keep your machines working, and your projects on schedule.
Contractor's Plant and Machinery (CPM) and machinery breakdown policies protect excavators, cranes, loaders, rollers and factory machines. They cover accidental damage, theft and breakdown, at site or in transit between sites, so an incident doesn't halt your work or your EMIs.
- Policy types
- CPM, machinery breakdown
- Machines
- Excavators, cranes, loaders, plant
- Where
- At site and between sites
- Often required
- For equipment loans
Choose the construction equipment & machinery insurance that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Contractor's Plant & Machinery (CPM)
Earth-moving and construction equipment at work sites.
Machinery Breakdown
Sudden mechanical or electrical breakdown of factory machines.
Electronic Equipment Insurance
Computers, control systems and sensitive electronics.
Fleet equipment policy
One policy for multiple machines across projects.
Why people choose our construction equipment & machinery insurance advice
- Covers accidental damage, fire and theft
- Protection at site and while moving between sites
- Breakdown cover for factory machinery
- Meets lender requirements for equipment finance
Know exactly what you're buying
We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.
- Accidental external damage
- Fire, flood and natural calamities
- Theft and burglary
- Mechanical and electrical breakdown (with machinery breakdown cover)
- Contractors and equipment owners
- Equipment rental businesses
- Manufacturers with plant and machinery
- Mining and quarry operators
- Normal wear and tear
- Overloading or use beyond design limits
- Consumables such as tyres and belts
- Operation by untrained operators
Construction Equipment & Machinery Insurance premium: what decides it?
Two people buying the same construction equipment & machinery insurance can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.
What it depends on
- Age of the person or vehicle being insured
- Sum insured or cover amount chosen
- Health, lifestyle and medical history (for life and health cover)
- Add-ons and riders selected
- Claim history and no-claim bonus (for motor and health)
- City or zone, occupation and policy term
How to pay a lower premium
- Buy early: premiums are lowest when you are young and healthy
- Choose the right cover, not the cheapest or the biggest
- Compare insurers on claim record and exclusions, not just price
- Pick only the add-ons you actually need
- Renew on time to keep your no-claim bonus and waiting-period credit
Documents required for Construction Equipment & Machinery Insurance
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Machinery Invoice / RC
- Equipment Details (make, model, year)
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Machinery Invoice / RC
- Equipment Details (make, model, year)
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
Document Proof
8 items- Utility Bill (Electricity / Water)
- Bank Statement
- GST Certificate
- Company PAN Card
- MOA / AOA / COI
- Udyam Certificate
- Machinery Invoice / RC
- Equipment Details (make, model, year)
Income Proof
5 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
- Audited Balance Sheet (2 yrs)
- Complete Balance Sheet with Audit Report (3 yrs)
The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to claim
Scroll through the steps to see what we do at each stage.
Expert tips before you buy
- 1Insure machines at replacement value, not book value.
- 2Keep maintenance records; they support breakdown claims.
- 3Combine all machines into one fleet policy for better rates.
Construction Equipment & Machinery Insurance: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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