Contractor's Plant and Machinery Insurance | CPM Insurance Policy

Product Overview

For a small-to-medium-sized construction contracting business, any damage to the machinery or plant can be crippling. Not only are these expensive machines that cost a lot to repair, but your business operations can also come to a grinding halt unless you find the money to get them repaired.

This is where we can help out.

Our Contractor's Plant and Machinery Insurance is designed to protect your business against such losses.

The plan is undertaken on an annual basis and we cover a range of risk and damage cases to the insured items at work, rest and during maintenance.

Coverage Highlights

Any unforeseen and sudden physical loss of or damage (not specifically excluded) to the insured items, necessitating their repair or replacement
The cover applies to machines at work, at rest or during maintenance operations, and is not limited to a specific construction site

What's Covered

A.) Mobile Construction Machinery
- Earth-moving machines (loaders, scrapers, bulldozers, graders, excavators, trenching machines, wheel excavators, draglines)
- Mobile tunnelling and mining machines
- Road surface finishers, compactors and rollers
- Pile hammers, mobile pile boring wall excavating rigs, drilling units on crawler chassis
- Mobile cranes
- Mobile conveyor systems
- Mobile power generating equipment
- Mobile auxiliary plant
- Special purpose material handling machines
B.) Stationary Plant
- Conveyor systems
- Concrete batch plants
- Asphalt mixing plants
- Tower cranes and hoists
- Power generating and distribution equipment for construction sites

How to Get Insured

Apply by Phone

Call us at 800 SUKOON (785666) for more information and to enrol over the phone.

Apply by Email

Drop us an email with all your details and we'll get back to you soon.

Apply in Person

Walk into one of our branches to get information, apply, and enrol in person.

Product Resources

FAQs

Is inland transit covered in Contractor's Plant and Machinery policy?

No, inland transit is usually an exclusion. However, the policy can be extended to cover inland transit, at terms to be agreed.
Is third-party liability covered under the Contractor's Plant and Machinery policy?

Yes, third-party liability is covered while the equipment is being used as a tool-of-trade within contract sites.
What is the basis of calculating the sum insured in Contractor's Plant and Machinery (CPM) policies?

In CPM policies, the sum insured is calculated based on the current new replacement value irrespective of the original purchase value.
When should I buy an annual Contractor's Plant and Machinery policy?

You should buy an annual policy for Contractor's Plant and Machinery if your machinery is going to be used in different locations throughout the year.
Which items have maximum excess?

Chandeliers, glassware items, sugar shipments & bulk shipments in general.

See more FAQs

What our customers think

Great service and I received my reimbursement without any hassle. Also really happy with the online reimbursement process as no time-wasted.

Hirushi
The claim was processed within no time & the approved amount was transferred online on the same day I got the claim summary report. Much appreciated.

Firoz
The customer service I received from your staff was very good. They were friendly and very professional at the same time. They helped me with my queries. Your website too is very user friendly.

Sandra
Sukoon was prompt in their response and provided the necessary support. They also considered a reliable garage for the repair services. Thank you.

Mithun
Service is outstanding, quick response and professionalism. I really appreciate having my vehicles insured with Sukoon.

Hassan
The customer support team is great, they provide clear information to proceed. Everything was so fast and I received my policy in less than an hour.

Mohamed

Contractor’s All Risk (CAR) Get comprehensive and adequate cover against loss or damage of construction plant, equipment, machinery, and for any third-party claims.
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Erection All Risk (EAR) Complete protection against all risks involved in the erection of machinery, plant and steel structures, including for third-party claims.
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Machinery Breakdown (MBD) Effective cover for any unforeseen and sudden physical loss of or damage to the plant, machinery and mechanical equipment.
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Boiler and Pressure Vessel (BPV) Insurance cover for damage to boiler and pressure vessels in steam power stations, factories, plants, and mills, and any third-party liabilities resulting from it.
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Electronic Equipment (EE) An accident insurance that covers risks like fire, lightning, humidity, burglary etc. to the electronic equipment of an organisation.
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Comprehensive Machinery (CMI) Complete, all-encompassing cover for all the assets and machinery in your plant, including the property, the building, the stock, the goods in progress etc.
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Deterioration of Stock (DOS) Insure your business and products against deterioration in cold storage due to a breakdown of refrigerating machinery.
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Machinery Loss of Profits (MLOP) Insurance cover for the actual loss of gross profits sustained as a result of a business interruption caused by damage to the plant or factory machinery.
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Principal’s Advance Loss of Profits (ALOP) Insurance protection against the actual loss of gross profit sustained as a result of the delayed start of business operations due to an accident.
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