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Specialists in machinery insurance and equipment insurance
Whether you are a new business looking to put a plant and equipment insurance policy in place or you have a policy and looking for a better deal, we have you covered.
Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
Most Dedicated Business Insurance Broker 2023
QLD 2023 Top Insurance Broker Finalist
Peoples Choice 2023 Winner
Fast Starter Award 2023
QLD Top Insurance Broker Finalist 2022 Finalist
QLD 2022 Top Insurance Broker Finalist
Top Thought Leader 2022 Winner
What you need to know about
Contractors Plant and Equipment Insurance is comprehensive cover for your plant and equipment that you use within your business. This could be anything from commercial sweepers to excavators and cranes.
We understand how important your machinery is to your business and in most cases, your business couldn’t operate without the machine. Taking this into consideration, we have access to a wide range of insurers that can offer commercial equipment insurance that offers full cover and packaged options.
There are various sections to a Contractors Plant and Equipment insurance policy that go a lot further than just covering the machine. Depending on the equipment, how it’s used and how vital it is to your operation will allow us to tailor a package to suit your needs.
We understand that business equipment insurance can be difficult to manage between your day to day business activities, hiring in plant, booking in repairs and maintenance.
Our team of experienced brokers deal with machinery insurance everyday so dealing with insurance for excavators and other machinery is very straight forward for us. Let us take care of this for you and let you get back to running your business.
An operator was excavating beside a house where some dirt gave way causing the foundation slab to drop on one side of the house causing significant cracking to the house.
While the dirt gave way the excavator fell causing the arm of the excavator to be damaged in multiple places.
As the policy was a bundled plant and equipment insurance policy the claim was accepted for both the damage to the excavator and the liability costs.
The liability costs covered the damage to the house.
The downtime that was caused while the excavator was being repaired was covered under the material damage section of the policy.
As the policy has many different sections of cover it is very important to work with your insurance broker to ensure that everything is covered correctly. This also includes insuring your attachments.
Machinery can be very expensive let alone the financial loss that could occur by not having suitable machinery insurance.
Depending on the type of equipment that you have you can usually get a combined policy which will cover both trucks, trailers and plant items.
The core items for a plant and equipment insurance policy are:
Some business equipment insurance policies where we are insuring both road registered vehicles and plant items have conditions to their policies.
This means that some insurers will only allow a policy to have say 30% of the items being road registered vehicles.
If there are too many road vehicles we may need to place these items on a seperate truck insurance policy.
We don’t use automated quote engines. Every policy is reviewed by a dedicated plant and equipment insurance broker who understands your machinery, your job sites, and your risk. Nothing is recommended until we fully understand your situation.
A brief conversation is all we need. We'll ask about your excavators, machinery, attachments, job sites, and any current policies so nothing gets missed and no gap in your equipment insurance goes unnoticed.
Your dedicated plant and equipment insurance broker searches across our panel of specialist insurers. We assess policy wordings and not just price to find cover that actually protects your plant, machinery, and excavators at claim time.
We present you with clear, tailored equipment insurance options and walk you through the differences. No surprises around what's excluded. We explain exactly what's covered and how each policy performs when you need to make a claim.
Once you're on cover, your dedicated plant and equipment insurance broker stays with you. We handle renewals, policy changes, and end-to-end claims support so you can focus on keeping your equipment working and your business moving.
Daniel Ufer (authorised representative 1295221) is the Managing Director of Priority Insurance Brokers, bringing seven years of industry experience. Specialising in blue collar, trades, construction, and mining insurance, Daniel holds a Diploma of Insurance Broking and is a Qualified Practicing Insurance Broker.
His dedication and expertise were recognised in 2023 when he was awarded the ADVISR Insurance Broker of the Year (People's Choice). At Priority Insurance Brokers, Daniel leads the company while managing key accounts, ensuring top-tier service and tailored insurance solutions for clients in demanding industries.
Chloe Ufer is a Director at Priority Insurance Brokers with seven years of experience in the financial services industry. She specialises in accounts and administration, holding a Bachelor of Laws, a Graduate Diploma in Legal Practice, and RG146 certification in superannuation. Chloe has previously worked with Sunsuper and various law firms. At Priority Insurance Brokers, she manages accounts payable, staffing, and compliance. Recently returning to the workforce after taking time off to raise her three children, Chloe now contributes significantly to the company's strategic planning and growth, leveraging her extensive legal and financial expertise.
Joshua Cotter (authorised representative 1313037) is an Account Manager at Priority Insurance Brokers with 16 years of industry experience. He specialises in blue collar, trades, and mining insurance. Joshua holds a Diploma of Business, an Associate's Degree in Education, and Tier 1 RG146 Insurance Broking certification. He has worked with major brands within the Suncorp Group and Youi Insurance, where he was recognised as Best Insurance Leader. At Priority Insurance Brokers, Joshua is dedicated to helping clients achieve the best insurance outcomes. Apart from a brief stint in a supermarket during his teens, his entire career has been devoted to the insurance industry.
At Priority Insurance Brokers, Jermelyn is known for her exceptional ability in providing support and delivering swift service to ensure smooth operations and is also well organised enhancing the productivity within the organisation. She’s able to manage time effectively to meet tight deadlines while looking at every perspective to deliver high-quality results.
Plant and equipment insurance provides various sections of cover for business owners that own specialised pieces of equipment for their business. The various sections can include:
You can put a blanket hired in plant inclusion on your policy which will provide you a blanket dollar value of cover for items that you hire in.
This is beneficial to policy holders that hire in different pieces of equipment regularly to save you adding each item individually, paying extra premium and then removing it off later.
The cost also usually works out more cost effective to you as a business owner.
Hired machinery insurance can be added on at any time and in fact, some insurers automatically include $50,000 of cover.
The information that is needed to provide you with a quote for plant and equipment insurance is the following:
Yes, absolutely yes. The current wait times on machinery to be repaired or replaced is at an all time high. Gone are the days where you could walk into a dealership, buy a machine and pick it up the next day. In most cases, these specialised pieces of equipment can take 6 to 12 months to be ordered or replaced. As such, we recommend that all of our clients either have hire costs included on their machines or downtime cover for the interrupted business so that you aren’t losing a significant portion of your income.
The policy will usually cover you for Australia wide coverage. Some policies may impose a higher excess if a radius is required to be specific when quoting. Most insurers will cover you anywhere in Australia as long as the machine is being operated legally and within the defined activities that we have provided the insurer.
We work with a number of different insurers for plant and equipment insurance policies. Some of the insurers that we use are:
Most of our policies will allow both trucks and your yellow plant and equipment to be combined under the one insurance policy. Unless it is more beneficial to split the policies then we will always aim to combine the machines together for convenience and to minimise gaps in cover.
We can cover your dry hire operations whether you hire out your machines on weekends or full time, we can ensure that they are covered whilst on hire to third parties. This is subject to acceptance from the insurer so please ensure you tell us if any of your machines are on hire.
Damage to lifted goods is a common inclusion on most plant and equipment insurance policies however, the consequential loss will need to be covered under your public liability insurance. Ensure that you are covered appropriately by discussing your loading and unloading methods with us.
If you are hiring in plant and equipment and require these items to be covered we can either individually insure them or put a blanket hired in plant extension on your policy. The blanket cover allows you to insure a dollar figure and can cover multiple machines.
Hire costs are an optional extra however, if your machines are vital to you earning an income and you do not have contingency plans in place with additional equipment than we recommend all of our clients ensure that they have hired costs covered.
If you’re doing any civil works than we can ensure that this is covered under your plant and equipment insurance for your machines entering civil sites, being left on site overnight and higher legal liability limits if required by the head contractor.
If you are hiring in plant and equipment and require these items to be covered we can either individually insure them or put a blanket hired in plant extension on your policy. The blanket cover allows you to insure a dollar figure and can cover multiple machines.
Hire costs are an optional extra however, if your machines are vital to you earning an income and you do not have contingency plans in place with additional equipment than we recommend all of our clients ensure that they have hired costs covered.
If you’re doing any civil works than we can ensure that this is covered under your plant and equipment insurance for your machines entering civil sites, being left on site overnight and higher legal liability limits if required by the head contractor.
Why should you use Priority Insurance Brokers to arrange your Plant and Equipment Insurance?
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