Heavy Equipment, Heavyweight Protection!
Comprehensive contractors plant and machinery insurance for India’s construction giants. Get protection for cranes, excavators, and heavy equipment with coverage that works as hard as your machines.
When Your Machines Break Down, We Pick Up the Bill!
- India's top construction insurers, site-tested protection
- Complete Coverage, Crane to Compressor
- CPM Insurance Made Simple, Expert Equipment Shield
- Every Machine Protected, Every Breakdown Covered
Contractors Plant and Machinery Insurance
Trusted By 1500+ Enterprises
From Startups to Stalwarts, India’s Finest Choose CoverBizz
What is Contractors Plant and Machinery Insurance
CPM Insurance: Your Heavy Equipment’s Personal Bodyguard!
Think of CPM insurance as having a superhero mechanic with deep pockets watching over your bulldozers, cranes, and excavators 24/7! It’s comprehensive protection for all your movable construction equipment against accidental damage, breakdowns, and those “how did THAT happen?” moments on site.
Whether you’re operating a ₹2 crore tower crane or a fleet of excavators, CPM insurance ensures that equipment failures don’t become business disasters. It’s like having full warranty coverage that actually covers real-world construction chaos—not just factory defects!
Why Is This Policy Vital for Contractors
Because Heavy Equipment Has Heavy Price Tags!
Construction equipment represents 40-60% of contractor investments, with single machines costing ₹50 lakh to ₹5 crore. One crane collapse or excavator breakdown can halt projects worth crores and trigger penalty clauses. CPM insurance is the difference between “temporary repair delay” and “bankruptcy notice from lenders.” It’s survival insurance for construction businesses!
Who Needs Contractors Plant and Machinery Insurance?
Construction Contractors
Companies owning bulldozers, cranes, excavators, and earthmoving equipment need comprehensive breakdown and accident coverage.
Infrastructure Developers
Highway, metro, and bridge builders require protection for specialized equipment like piling rigs and concrete batching plants.
Mining & Quarry Operators
Heavy-duty crushing equipment, loaders, and dump trucks face extreme operating conditions requiring robust coverage.
Equipment Rental Companies
Businesses leasing construction machinery need protection against customer damage and operational breakdowns.
Real Estate Developers
Property developers with in-house construction fleets require equipment protection across multiple project sites.
Material Handling Companies
Logistics operators using forklifts, reach stackers, and material handlers need comprehensive equipment insurance.
Types / Add-ons Commonly Offered
Comprehensive CPM Cover
All-risk coverage for owned machinery
Third-Party Liability
Damage to property and injury coverage
Hired Equipment Cover
Rented machinery protection
Transit Coverage
Equipment movement between sites
Terrorism & SRCC
Enhanced political risk coverage
Employee Training Cover
Operator error protection
What Contractors Plant and Machinery Insurance Covers
Accidental Damage
Fire & Explosion
Collision & Overturning
Theft & Burglary
Flood & Storm
Electrical Breakdown
Mechanical Failure
Operator Error
Crane Collapse
Third-Party Liability
Transit Damage
Riots & Strikes
Inclusions & Exclusions
Inclusions
Accidental Damage
Sudden external damage to machinery while working, at rest, or during maintenance
Fire & Allied Perils
Fire, explosion, lightning, and electrical short circuit damage
Theft & Burglary
Loss from forcible entry and machinery theft from sites
Natural Calamities
Flood, storm, earthquake, and landslide damage to equipment
Third-Party Liability
Legal liability for property damage and bodily injury caused by insured machinery
Exclusions
Wear & Tear
Normal aging, depreciation, and routine maintenance excluded
Mechanical Breakdown
Internal electrical/mechanical failures without external cause excluded
Operator Negligence
Damage from improper operation or lack of lubrication excluded
War & Nuclear
War risks, terrorism (unless specifically covered), and nuclear hazards excluded
Consequential Loss
Indirect losses, project delays, and penalty clauses typically excluded.
Insurance Partners
We’re Partners With 20+ Major Insurance Companies
FAQ's
Owned machines are auto-covered; hired equipment needs specific add-on coverage. Own it = covered, rent it = add-on needed!
No! Standard CPM covers external accidents only. Mechanical breakdown needs separate machinery breakdown insurance. External yes, internal no!
Only with transit coverage add-on! Standard policy covers on-site only. Moving machines = add transit cover!
Operator error is typically excluded unless you add employee training/error coverage. Trained operators = fewer exclusions!
Yes! Forcible theft from site is covered, but mysterious disappearance isn't. Evidence required = claim approved!
Based on equipment type, value, age, usage intensity, and site location. Heavy use + tough sites = higher premiums!
Customers Says..
Mr. Vikram Sharma (Managing Director, Sharma Infrastructure, Delhi)
Mr. Rajesh Patil (Contractor, Patil Construction, Pune)
Ms. Priya Reddy (Project Manager, Reddy Builders, Mumbai)
"Your construction equipment is your business's backbone and biggest investment. Don't let accidents, breakdowns, or natural disasters crush your construction dreams. CPM insurance ensures that equipment failures become minor delays, not major bankruptcies."
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