Contractors’ Plant & Machinery

Contractor’s Plant and Machinery (C.P.M.) Policy

Contractor’s Plant and Machinery Policy (C.P.M.) provides ‘all risks’ material damage cover to contractor’s plant & machinery when it is insured separately and is the sole object of insurance. It is an annual policy. Cover is provided to plant and machinery located on the site or at specified geographical location.

No Third Party Liability cover should be given under this policy.

Contractor’s Plant & Machinery is defined as “all plant & machinery which renders its service only when moving and under control of an operator”.