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Plant and Equipment Insurance

Secure the future of your business with Elliott Insurance's Plant & Equipment coverage. We safeguard Australian businesses from unexpected financial burdens associated with their valuable machinery and equipment. Your equipment is the lifeblood of your operations, let us help you protect it."
Plant and equipment insurance
plant equipment insurance

What does our plant & equipment insurance cover?

Plant & Equipment Insurance, also known as Industrial Special Plant (ISP) Insurance, from Elliott Insurance The Green Broker provides coverage for:

Damage to Equipment: If your machinery or equipment suffers damage due to an accident, we cover repair or replacement costs.
Breakdown: Our policy includes machinery insurance, covering mechanical or electrical breakdown.

Business Interruption: If damage to your equipment halts operations, our ISP policy can cover the loss of income during the interruption period.

Public Liability: Our plant and equipment insurance can cover liabilities arising from third-party injuries or property damage due to your plant or equipment.

Transit: Your equipment insurance can cover damage or loss during transport from one location to another.


The Importance of Plant & Equipment Insurance

Here’s why Plant & Equipment Insurance is critical for your business operations:

.. This insurance for equipment protects the machinery and tools that are vital to your operations, ensuring that unforeseen events don't derail your business.
... A comprehensive plant machinery insurance policy can protect your business from unexpected repair or replacement costs that could put financial pressure on your operations.
... With our ISP policy, you get wide coverage that extends beyond your premises, including transit and worksite operations across Australia.
.. We understand that each business has unique needs. Our insurance solutions are tailored to fit your specific requirements, ensuring comprehensive protection for your valuable equipment.
.. Our plant and equipment insurance goes beyond financial protection. We help businesses identify, mitigate, and manage the risks associated with their plant and equipment.
... With a seasoned team of insurance experts, we offer guidance and advice to ensure your business gets the best possible coverage.

Why Choose Us For Your Plant & Equipment Insurance Needs?

plant equipment elliott insurance

Industry Experience

As knowledgeable insurance professionals, we understand the intricacies of Plant & Equipment insurance, including ISP policies. We can guide you towards the ideal coverage for your unique business circumstances.

Extensive Coverage

We offer comprehensive plant and equipment insurance, providing broad protection against a range of potential risks associated with your machinery and equipment.

Customised Policies

We recognise that insurance isn't a one-size-fits-all solution. You'll receive a custom quote for plant and equipment insurance, tailored to align with your specific business needs and risks, ensuring the utmost protection for your enterprise.

Exceptional Customer Support:

We're committed to delivering exceptional customer service, always ready to assist you with your queries or claims.


What are the risks covered by Plant & Equipment Insurance?

Common Risks Faced by Businesses

Whether you’re considering machinery insurance or a broader ISP policy, we cover a variety of risks associated with plant and equipment:

.. Mishaps happen. Our policy covers costs associated with accidental damage to your equipment.
... Mechanical failures can be costly. Our plant and equipment insurance covers repair or replacement costs arising from breakdowns.
... When an accident halts operations, we've got you covered. Our policies can account for loss of income during downtime.
... If your equipment sustains damage during transit, we can help cover the repair costs.

Is Plant & Equipment Insurance Right for My Business?

If your business relies on specific machinery or equipment to operate, then Plant & Equipment Insurance, including ISP policies, is a sound investment. Whether you’re a contractor, builder, or run a factory, we can help you determine the right coverage to safeguard your valuable assets.

plant equipment for my business

Frequently Asked Questions

Is public liability insurance mandatory?

While public liability insurance is not typically a legal requirement, it is highly recommended for any business that interacts with the public. Certain industries or contracts may also require businesses to have public liability insurance.

What's the difference between public liability insurance and professional indemnity insurance?

Public liability insurance and professional indemnity insurance are two distinct forms of coverage designed to protect businesses against different types of risks.

Public liability insurance is a crucial type of coverage that safeguards your business against claims of bodily injury or property damage caused to third parties as a result of your business activities. Suppose a customer trips and injures themselves on your premises, or if your business inadvertently damages a client's property during operations. In that case, public liability insurance can help cover the financial costs associated with these incidents, which may include medical expenses, repair or replacement costs, and any potential legal fees.

On the other hand, professional indemnity insurance is designed to protect businesses that provide professional advice or services. It offers coverage for claims arising from professional negligence or failure to perform professional duties and services. This might involve a scenario where a client suffers financial losses due to an error in your professional advice or if a service you provide doesn't meet the promised standards. Professional indemnity insurance helps to manage the financial impact of such claims by covering associated costs like legal defense expenses and any damages awarded.

How much does public liability insurance cost?

The cost of public liability insurance varies depending on a number of factors, including the nature of your business, your claims history, the size of your business, and the level of risk associated with your business operations. At Elliott Insurance The Green Broker, we offer competitive rates and will work with you to find a policy that fits your budget and needs.

Who needs public liability insurance?

Public liability insurance is crucial for any business that interacts with the public. It covers potential costs that could arise from accidental injuries or property damage caused by your business operations.

Does public liability insurance cover my employees?

Public liability insurance typically covers claims arising from injuries or property damage to third parties due to your business operations. It doesn't cover employee injuries; for this, you would need workers' compensation insurance.