The CPM Insurance Covers all Physical damage done to a contractor's machinery that is not specifically excluded by the policy.  These include accidents to the machines not due to gross negligence of the insured and Acts of God such as falling trees or storm damage.  The compensation also includes cost to repair or replace the affected machinery at Rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

The policy extends to cover the Contractor's Liability to members of the public (Third Parties) for death, injuries or damage to their properties arising out of the Contractor's negligence

At Work

At Rest

When being dismantled for the purpose of cleaning or overhauling in the course of the operations or in the course of subsequent re-erection

The policy is suitable for a wide range of Plant & Machinery from Tower Cranes, Large Mobile Cranes, Excavators, Generators, Hand Tools, etc

Express Freight (excluding Air Freight)

Air Freight

Surrounding Property

Clearance and Removal of debris

Additional Custom Duty

Escalation

Third Party Liability

Earthquake

Floater Cover

Acts of Terrorism

A duly completed proposal form

Insured's ID/Registration and PIN

Provide a copy of the terms of the Contract

Details of the Project

Report incidence/claim as soon as the happening

Document the claim by providing the necessary documents i.e; Claim form duly completed, police abstract form, Records of works, etc

Please refer to our Policy Wording