Hired in Plant Insurance

Hired in Plant Insurance, also known as Hired Plant Insurance or Plant Hire Insurance, is a type of insurance coverage specifically designed for businesses that hire or rent machinery, equipment, or plant assets. It provides protection against potential risks, damages, or losses associated with the hired equipment during the rental period.

When a company hires plant or equipment, they face the risk of damage, theft, or other unforeseen events that can result in financial losses. Hired in Plant Insurance helps mitigate these risks by providing coverage for a range of scenarios, which may include:

Accidental damage: Coverage for accidental damage to the rented equipment, such as collisions, drops, or other unexpected incidents that cause harm.
Theft: Protection against the theft of the hired equipment.
Vandalism: Coverage for damages caused deliberately to the rented machinery or equipment.
Fire or natural disasters: Compensation for losses resulting from fires, floods, earthquakes, or other natural calamities that may damage the hired plant assets.
Public liability: Insurance against claims for third-party bodily injury or property damage that occurs due to the use of the hired equipment.
Business interruption: Coverage for financial losses resulting from the inability to rent out the machinery or equipment due to covered events.

The specific coverage and terms of Hired in Plant Insurance can vary between insurance providers, so it’s essential for businesses to carefully review the policy details and understand the exclusions, deductibles, and any additional conditions or requirements.

Hired in Plant Insurance is typically purchased by companies involved in industries such as construction, engineering, landscaping, and event management. It offers peace of mind to both the equipment owner and the party hiring the equipment, ensuring that potential risks and liabilities are adequately covered, and any unforeseen expenses can be mitigated.

For any questions about your plant hire needs, give us a call on 02392 983 111, email [email protected] or contact us online.