Mobile Plant and Equipment Insurance Specialists
Marketed, arranged and managed by Underwriting Agencies of Singapore Pte Ltd.
UAS understands the importance of protecting assets and tailoring insurance solutions to safeguard mobile plant and equipment.
Incorporating seven key cover options into one package, the "Industrial Special Plant" (ISP) insurance has been designed to protect all types of mobile plant and equipment from the smallest post hole digger to the largest fixed or mobile cranes. ISP can be tailored to meet your needs and provide a simple and easy one quote, one application process.
Seven Key Covers in one Comprehensive Mobile Plant and Equipement Insurance Package
- Material Damage
Accidental damage to your Machine and to restore it to its condition immediately prior to the loss.
- Hired In Plant
Cover for non-owned mobile machinery and plant hired-in by you.
- Financial Protection
Allows tailored coverage to protect your business from financial loss.
Cover for mechanical breakdown of mobile machinery and equipment.
- Additional Benefits
A combination of automatic and optional benefits which allows cover to be tailored to your requirements.
- Road Risk
Third party property damage cover for registered vehicles.
- Broadform Liability
Provides comprehensive legal liability protection in connection with your business activity
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Automatic Package Inclusions.
: Owner Protection Plus Cover
: Damage to Lifted Goods - $50,000
: Increased cost of Working Cover - $20,000
: Basic Excess - 1% of sum insured, minimum $250
a) Increased cost of Working Cover
Covers the increase in the cost of use of the machine, together with the cost of hire a substitute machine
b) Lease Payment Protection
Covers 90% of lease payment during the Indemnity period
c) Lease Value Protection
Covers up to additional 20% of indemnity value when the remaining lease value exceeds the amount of indemnity.
Please contact us for other machine types or higher sum-insured. Chat with us for more information.
Total Mobile Plant and Equipment Protection For Your Business
ISP can be tailored to suit your business needs and includes the following additional benefits:
- Damage to lifted Goods – automatic sub-limit of $15,000
- Multiple crane operations
- Expediting costs – $15,000 or 20% of the indemnity payable whichever is the lesser
- Standard basis of settlement – Market Value Plus
- Recovery costs – no damage – sub-limit of $50,000
- Recovery costs – damage – sub-limit of $250,000
- Employees property damage – sub-limit of $1,000
- Indemnity to hirer – wet hire
- Appreciation in value
- Extra cost of reinstatement
- Owners Protection
More information available at Underwriting Agencies of Singapore Pte Ltd