Annual Hired In Plant Insurance
An annual hired in plant insurance policy is essential for individuals and businesses that hire equipment frequently or on a long-term basis.
It protects you financially from your contractual liabilities associated with hired equipment, such as, accidental damage fire or theft.
Contact us now or apply online for your annual plant hire insurance quote and received protection as soon as possible.
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What is annual plant and machinery hire insurance?
Many building companies and tradespeople hire plant and equipment to undertake specific contracts.
This is because they may not have the capital or resources to keep their own machines or may not use certain machines often. In both cases, it makes more sense to hire the required equipment from a hire company.
If this is the case for you or your firm then you would know that you are responsible for what happens to the equipment during your hire period. Should the equipment be stolen or damaged in an accident, you become liable to repay the hire company the replacement costs and continuing hire charges.
If you find yourself hiring plant equipment often, taking out one-off policies isn’t cost-effective. At Insurance4Plant.co.uk, we are able to provide an annual policy that covers any applicable machine you hire in the 12-month period.
Annual hired in plant quotes are available quickly and at competitive prices, ready to get started?
Get a quote nowGet an annual plant hire insurance quote
It is not just frustrating when your hired equipment is stolen or damaged, it is harmful to your finances too.
Many heavy-duty machines are worth tens of thousands of pounds, regardless of their condition. As part of the hire conditions, you are responsible for covering the costs of repair or replacement. That is why annual equipment hire insurance is necessary to protect your finances from the worst possible outcome.
For those who rent plant machines over lengthy periods of time, annual hired in plant insurance can offer value for money over one-off policies. We can quickly provide you with a quote that covers all hires at a competitive cost. Call now or apply online using our straightforward online process.
Annual hired in plant quotes are available quickly and at competitive prices, ready to get started?
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What does annual insurance for plant hire cover?
A standard policy provides liability protection against theft, fire, and accidental damage at a minimum.
Additional “all risk” coverage can cover a wide range of other potential risks.
Furthermore, you can insure the plant machine for when it is in off-site storage or transit. This is useful for circumstances where the machinery is spending little time on-site or is being transferred between several jobs.
Should the worst happen, you can claim up to £100,000 in repair or replacement costs. It can also cover continuing hire charges (up to £5,000) until the machine, or its replacement, is back in the hands of the hire company.
To claim, you would need to provide full and accurate details of the incident in question. Evidence, such as photographs and crime reference numbers, are essential to processing a claim.
You may also need to provide evidence of the potential financial impact on your business.
No claim is the same, just as no cover is the same. To get a plant hire insurance quote that suits you, talk to a member of our team at any time and receive comprehensive answers to your questions.
Which is most appropriate? Annual or short term plant hire insurance online?
It all depends on how frequently you are hiring plant and equipment.
If you foresee yourself hiring equipment and taking out short term hire insurance more than more than a few times a year, then an annual policy may be better for you. If you only hire plant and equipment once or twice in a 12-month period, then it is more likely that taking short term policies would be better for you.
We offer short term policies for individuals and businesses who rarely hire equipment. Cover can be provided up to a maximum of 6 months and you can cover your hired plant & equipment on an ‘All Risks’ basis including theft and accidental damage. Competitive cover can be purchased through our website quickly and simply.
Annual hired in plant quotes are available quickly and at competitive prices, ready to get started?
Get a quote nowCan my annual public liability insurance or builder’s liability insurance cover this?
No. Whilst equipment hire insurance is a form of protection from your contractual liability, Public Liability policies do not cover plant hired by you.
By default, business public liability policies do not cover repair or damage costs, fines/penalties, or theft of equipment. Their primary purpose is to protect against lawsuits or claims made against by clients or members of the public due to your negligence.
Some providers may allow a hired in plant section to be added to your contractors or tradesman’s liability policy. However, the limits on these policies may not be sufficient to meet your needs and there will likely be security conditions not contained on a standard contractor’s plant policy.
The Insurance4Plant team can find standalone plant and machinery insurance policies (such as digger hire insurance), site accommodation equipment hire insurance, and other policy add-ons that could be beneficial to you. Contact us to guide you through your options.
Annual hired in plant quotes are available quickly and at competitive prices, ready to get started?
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