Plant and equipment insurance
Plant and Equipment Insurance can cover registered and unregistered mobile plant equipment. In general insurance covers two areas; accidental damage to the insured item plus theft, the second may extend to public liability insurance covers injury to a member of the public or damage to a property during or potentially the hours of operation.
Insurance policies may also cover what is known as 'goods on hook' or 'on hook insurance' which is a form of liability protection to businesses that may be responsible for the physical damage or loss of or from items they do not own. Other cover might include rental cost reimbursement for temporary hire, cover for wet or dry hire or road and delivery risks.
The Get It Right Initiative (GIRI) in 2024 published 'The GIRI Insurance Guide: A perspective on risk management for construction projects' which describes 'different types (of insurance) depending on whether the plant or equipment is hired or owned, and covers for loss or damage. A combined contractor plant policy may cover both hired and owned plant'
[edit] Related articles on Designing Buildings
- Building Users' Insurance Against Latent Defects.
- Collateral warranties.
- Contractors' all-risk insurance.
- Contract works insurance.
- Counter Terrorism Security Advisor.
- Decennial liability.
- Design liability.
- Directors and officers insurance.
- Employer's liability insurance.
- Excepted risk.
- Fire safety exclusions - the insurance position.
- Flood insurance.
- Future of construction insurance.
- Indemnity to principals.
- Insurance certificate.
- Insurance for building design and construction.
- Insurer of last resort.
- Integrated project insurance.
- JCT Clause 6.5.1 Insurance.
- Joint names policy.
- Latent defects insurance.
- Legal indemnity insurance.
- Non-negligent liability insurance.
- Professional Indemnity Insurance.
- Public liability insurance.
- Residual value insurance.
- Reverse premium.
- Self build insurance.
- Self insurance.
- Specified perils.
- Subcontractor default insurance (SDI).
Featured articles and news
Increased vigilance on VAT Domestic Reverse Charge
HMRC bearing down with increasing force on construction consultant says.
Call for greater recognition of professional standards
Chartered bodies representing more than 1.5 million individuals have written to the UK Government.
Cutting carbon, cost and risk in estate management
Lessons from Cardiff Met’s “Halve the Half” initiative.
Inspiring the next generation to fulfil an electrified future
Technical Manager at ECA on the importance of engagement between industry and education.
Repairing historic stone and slate roofs
The need for a code of practice and technical advice note.
Environmental compliance; a checklist for 2026
Legislative changes, policy shifts, phased rollouts, and compliance updates to be aware of.
UKCW London to tackle sector’s most pressing issues
AI and skills development, ecology and the environment, policy and planning and more.
Managing building safety risks
Across an existing residential portfolio; a client's perspective.
ECA support for Gate Safe’s Safe School Gates Campaign.
Core construction skills explained
Preparing for a career in construction.
Retrofitting for resilience with the Leicester Resilience Hub
Community-serving facilities, enhanced as support and essential services for climate-related disruptions.
Some of the articles relating to water, here to browse. Any missing?
Recognisable Gothic characters, designed to dramatically spout water away from buildings.
A case study and a warning to would-be developers
Creating four dwellings... after half a century of doing this job, why, oh why, is it so difficult?
Reform of the fire engineering profession
Fire Engineers Advisory Panel: Authoritative Statement, reactions and next steps.
Restoration and renewal of the Palace of Westminster
A complex project of cultural significance from full decant to EMI, opportunities and a potential a way forward.
Apprenticeships and the responsibility we share
Perspectives from the CIOB President as National Apprentice Week comes to a close.