Chase launches new Mobile Plant & Equipment product
With the support of our security partner Berkshire Hathaway, we have developed a comprehensive and straight forward product that delivers superior protection for your clients' operational assets.
Our Appetite
- Civil Contractors
- Earthmoving
- Plant Hire
- Crane Operators
- Elevated Work Platforms
- Mining
- Drilling
- Agricultural
- Grape and fruit harvesting
Key Coverage Sections
- Section 1 - Material Damage: covering damage to property insured.
- Section 2 – Increased Cost of Working: covering increased cost of working resulting from damage to property insured.
- Section 3 – Loss of Income: covering the shortfall in average weekly income resulting from damage to property insured.
- Section 4 – Road Risk Liability: covering the insured’s legal liability in respect of property damage and/or personal injury arising from the use of a motor vehicle.
Key Standard Benefits
- Australia Wide Transit Cover (inc. Loading & Unloading)
- Automatic Additions & Deletions: 90 Days – $500,000 limit any one item
- Appreciation in Value: Limited to 25% of Sum Insured
- Damage to Lifted Goods: $50,000 any one Occurrence / $100,000 in the aggregate
- Dangerous Goods: $1,000,000 any one Occurrence
- Dry Hire (Theft by Hirer)
- Employee Effects: $5,000 any one Occurrence
- Expediting Expenses: Lesser of 25% of repair / replacement costs or $150,000
- Extra Costs of Reinstatement: 25% of the Sum Insured or $100,000 any one Occurrence, whichever is the lessor
- Finance Gap Protection: Maximum of 20% of Market Value
- Fire, Police and Emergency Services: $25,000 any one Occurrence
- Hire Car Costs (following Theft only): $5,000 or 30 Days
- Hired In Equipment (Blanket Cover): $50,000 any one Occurrence and in the aggregate
- Locks & Keys: $2,500 any one item & $10,000 any one Occurrence
- Market-Add-Value
- Non-owned Trailer in Control: $100,000 any one Occurrence and in the aggregate
- Recovery Costs (Damage): $250,000 any one Occurrence
- Recovery Costs (No Damage): $100,000 any one Occurrence
- Removal of Debris: $50,000 any one Occurrence
- Repatriation/Accommodation Expenses: $10,000 any one Occurrence
- Signwriting Expenses
- Substitute Hire Costs: Lesser of 3 months or $100,000 any one Occurrence and in the aggregate
- Loss associated with Undamaged Ancillary and/or Peripheral Equipment
- Windscreen Replacement: $5,000 in the aggregate – no excess
Contact us
Download the Mobile Plant & Equipment brochure, speak to or email one of our Plant & Equipment Team for a quote or assistance.
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