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
Places of Worship in Britain and Ireland, 1929-1990. Book review.
The emancipation of women in art.
CIOB Construction Manager of the Year 2025
Just one of the winners at the CIOB Awards 2025.
Call for independent National Grenfell oversight mechanism
MHCLG share findings of Building Safety Inquiry in letter to Secretary of State and Minister for Building Safety.
The Architectural Technology Awards
AT Awards now open for this the sixth decade of CIAT.
50th Golden anniversary ECA Edmundson awards
Deadline for submissions Friday 30 May 2025.
The benefits of precast, off-site foundation systems
Top ten benefits of this notable innovation.
Encouraging individuals to take action saving water at home, work, and in their communities.
Takes a community to support mental health and wellbeing
The why of becoming a Mental Health Instructor explained.
Mental health awareness week 13-18 May
The theme is communities, they can provide a sense of belonging, safety, support in hard times, and a sense purpose.
Mental health support on the rise but workers still struggling
CIOB Understanding Mental Health in the Built Environment 2025 shows.
Design and construction material libraries
Material, sample, product or detail libraries a key component of any architectural design practice.
Construction Products Reform Green Paper and Consultation
Still time to respond as consultation closes on 21 May 2025.
Resilient façade systems for smog reduction in Shanghai
A technical approach using computer simulation and analysis of solar radiation, wind patterns, and ventilation.
Digital technology, transformation and cybersecurity
Supporting SMEs through Digitalisation in Construction.
Villa Wolf in Gubin, history and reconstruction. Book review.
Construction contract awards down one billion pounds
Decline over the past two months compared to the same period last year, follows the positive start to the year.
Editor's broadbrush view on forms of electrical heating in context.