Novo Insurance - Professional Insurance Brokerage Services
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
🛡️ Engineering Insurance

Contractors Plant and Machinery (CPM) Insurance

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

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Contractors Plant and Machinery (CPM) Insurance
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About 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's 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.

Key Features

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Key Features
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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
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Who Should Buy?

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