Plant All Risks (PAR)
Loss of or damage to construction plant and equipment from any cause whilst in storage, transit, on contract site and being use as a tool of trade. This type of cover will cover items such as earthmoving equipment, cranes, pumps, air compressors etc. In addition standard cover is available for hiring costs, legal liability arising out of the hire and continuing hire charges. The basis of valuation is either new replacement value or market related value.
A C & E also offer Third Party Liability for Plant on site and on the road for licensed plant. This policy will cover risks such as fortuitous working accidents, theft, fire, faulty operation, overturning as well as natural perils such as earthquake, storm, flood, collision etc.
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