Novo Insurance - Professional Insurance Services

Contractor’s Plant and Machinery (CPM) Insurance

Type: Corporate Insurance | Category: Engineering Insurance

Policy Details

Learn more about the Contractor’s Plant and Machinery (CPM) Insurance policy.

Contractor’s Plant and Machinery (CPM) Insurance

Description

CPM insurance covers heavy construction equipment and machinery used at project sites, whether working or at rest.

What is This Policy?

CPM Insurance protects high-value construction equipment from accidental damage at work sites. It’s essential for infra contractors and project companies.

What is Covered

The policy covers sudden accidental damage due to fire, impact, overturning, landslide, electrical/mechanical faults, and operator error. It also protects the machinery while stationary or during movement within the project site. Optional coverage includes theft, terrorism, and riot-related damages.

Who Should Buy

Infra and construction contractors, Equipment rental/leasing firms, Real estate and mining operators using heavy machines

Key Features

  • Covers plant like cranes, excavators, loaders, batching plants
  • Valid at project site and during idle storage
  • Annual policy, renewable, with agreed list of machines
  • Burglary, riot/strike, and terrorism add-ons available

Get in Touch

Request a free consultation for the Contractor’s Plant and Machinery (CPM) Insurance policy.

Contact Information

123 Financial District, Hyderabad, Telangana 500032

+919100509675

info@novoinsure.com