Plant Hire Insurance
Comprehensive Insurance Solutions for Plant Hire
Whether you’re hiring diggers, cranes, or other heavy machinery for construction projects, having the right plant hire insurance coverage is crucial to protect your business from potential risks.
This guide will cover the importance of plant hire insurance, what it covers, and why it’s essential for your business.
What You Get
Liability
Fleet
Plant
Professional Indemnity
Legal
And more…
What is Plant Hire Insurance?
Plant hire insurance, also known as hired-in plant insurance, provides financial protection against the loss or damage of large and expensive machinery that you have hired from another company. This insurance covers everything from fire and flooding to theft and vandalism, ensuring you are protected against compensation costs under the terms of your hire agreement.
Why Do You Need Plant Hire Insurance?
When you hire plant machinery, you enter into a contract with the hire company, making you responsible for the equipment while it’s in your control. If the plant is stolen, damaged, or becomes unusable, you are liable to replace or repair it, which can be very expensive. Plant hire insurance safeguards your finances by covering these potential costs, giving you peace of mind.
Key Reasons for Plant Hire Insurance
Financial Protection
Covers the cost of replacing or repairing hired machinery if it’s damaged or stolen.
Compliance with Hire Agreements
Ensures you meet the liability requirements set by the hire company.
Business Continuity
Prevents costly interruptions to your projects by ensuring you can quickly replace or repair essential equipment.
What Makes Us Different
We are specialists in the Plant Hire Industry. We have the expertise and knowledge to get your business the most comprehensive and competitive insurance solution. We add value to your business by working closely with you, helping protect your business from financial loss, all while delivering a seamless easy experience.
Do You Need Plant Hire Insurance?
If you’re renting construction machinery, it is highly advisable to get plant hire insurance. Many hire companies require proof of this cover before leasing equipment to you. Given the high value of plant machinery and the hazardous nature of construction sites, plant hire insurance is essential to protect your finances from unexpected incidents.
Examples of Covered Machinery
- Forklifts
- Cherry pickers
- Dumpers
- Concrete mixers
- Cranes
What Does Plant Hire Insurance Cover?
A plant hire insurance policy from ABA Insurance can be tailored to meet your specific needs, offering comprehensive protection under a single policy. Key coverages include:
Damage and Theft
- Covers the cost of repairing or replacing hired machinery if it’s damaged or stolen.
- Includes coverage for fire, flooding, vandalism, and other risks.
Legal Expenses
- Covers legal defence costs if a claim is made against you under the terms of your hire agreement.
- Provides financial support for legal challenges related to hired plant machinery.
Continuing Hire Charges
- Covers the ongoing hire charges for equipment while it’s being repaired or replaced.
- Ensures you don’t incur additional costs due to delays in replacing damaged or stolen machinery.
How Much Does Plant Hire Insurance Cost?
The cost of plant hire insurance depends on several factors, including:
Type of Equipment
The nature of the machinery you’re hiring.
Hire Duration
How long you will have the equipment.
Hire Fees
The cost of renting the machinery.
Why Choose ABA Insurance for Plant Hire Insurance?
ABA Insurance offers flexible, quality cover tailored to your needs, providing several benefits:
Independent Advice
Our team of specialists provides independent advice to ensure you get the best coverage for your business.
Tailored Protection
We offer protection tailored to a range of businesses, ensuring your specific needs are met.
Comprehensive Service
From quote to claim, we provide comprehensive service to support you at every stage.
Transparent Pricing
Our policies offer great value for money with no unexpected charges.
24/7 Legal Helpline
Access round-the-clock legal information and guidance from experienced solicitors.
Client Testimonials
I cannot recommend this company highly enough. I have been a customer since April 2018 and the service I have received is outstanding. The staff are friendly and extremely helpful. Nothing is too much trouble. I would just like to say an extra thank you to Isabella for her customer service and commitment
Chris Baker
CEO/ Founder
Your Questions Answered
What hire terms are required with my policy?
Insurers will require plant to be hired out under CPA Conditions.
What happens if my Plant was stolen?
If your plant is stolen from site, report it to the police, then report it to us immediately. We will handle your claim to make sure the process is as smooth and easy as possible.
How do I secure my plant overnight with my policy?
All policies will have a Condition that stipulates what their security requirements are. Most often it needs to be stored overnight within a locked secure compound with perimeter fencing and one point of access.
One Point Of Contact, Countless Ways To Help.
Get Your Plant Hire Insurance Quote Today
Protect your business with ABA Insurance. Use our online quote generator to get a personalised quote or contact our expert team for tailored advice. It’s quick and easy, taking just a few minutes to ensure you have the right cover in place.
