Contractors Plant & Machinery Insurance Cover for Natural Disaster

In the construction industry, where projects are often exposed to various risks, natural disasters can pose significant threats to both contractors and their machinery. Hurricanes, earthquakes, floods, and wildfires are just a few examples of the unpredictable forces of nature that can wreak havoc on construction sites. To mitigate the financial impact of such events, contractors must carefully plan and purchase Contractors Plant & Machinery Insurance Cover for Natural Disaster for both their projects and machinery.

₹30 Lakh cover starting at ₹10,000/year/project⁺

Safeguard your most valuable assets from

sudden breakdown

accidental loss/damage

human errors

We don't spam

Check your premium now

By clicking on "Check your premium now" you agree to our Privacy Policy and Terms Of Use

Get Updates on WhatsApp

Wallet-friendly plans
24/7 claim support
IRDAI-certified advisors

Understanding the Risks

Natural disasters can cause severe damage to construction projects, resulting in delays, additional costs, and potential financial losses. Heavy machinery, an essential component of construction operations, is particularly susceptible to damage from floods, earthquakes, cyclone, tempest, etc. Contractors must recognize the importance of being adequately prepared for these risks to ensure the resilience of their projects and the longevity of their equipment.

Damages Incurred

Machinery Damage: The cyclone's strong winds cause several pieces of heavy machinery, including cranes and excavators, to topple over or suffer significant structural damage.

Structural Damage: Parts of the construction site, such as scaffolding and temporary structures, are severely damaged or destroyed due to the cyclone's force.

Project Delays: The cyclone's aftermath leads to project delays as the construction site becomes unsafe for workers, and the damaged machinery needs extensive repairs or replacement.

How Contractors Plant & Machinery Insurance Helps in Damage due to Natural Calamity?
Contractors' plant and machinery insurance plays a crucial role in covering damages caused by natural disasters such as earthquakes, cyclones, storms, and floods. This specialized insurance provides financial protection to contractors by addressing the repair or replacement costs of essential machinery and equipment affected by these catastrophic events.

Case Scenario

Imagine a construction company undertaking a major infrastructure project near a coastal area. The project involves the use of heavy machinery, cranes, and other specialized equipment. Suddenly, a powerful cyclone makes landfall, bringing with it destructive winds and heavy rainfall. Thankfully, the construction company had the contractors plant & machinery insurance that provided them coverage for the loss or damage caused to the machines and equipment.