Contractors Plant & Equipment

Contractors Plant & Equipment Insurance

538 Underwriting provides comprehensive insurance cover for Contractors & Plant Equipment, and we understand the necessity for broad coverage in this sector.

The 538 Underwriting Contractors Plant & Equipment products have been carefully considered and developed with a view to providing comprehensive coverage for clients.

Our Contractors Plant & Equipment Insurance policy has been designed to cover owned &/or hired-in plant. The policy meets and addresses many of the Insurance requirements & risks that our clients may face when operating Constructional Plant & Equipment.

538 Underwriting appreciates the unique exposures for each contractor offering tailored solutions. The policy is underwritten by ‘A’ rated security.

Our Appetite

Our risk appetite is broad and includes the following:

  • Plant Hirer
  • Piling
  • Civil Engineering
  • Groundworkers
  • House Builders
  • General Builders

Some of the key policy covers but not extensive to are:

  • Owned plant is covered throughout the UK including transit (other than by sea or air)
  • Hired-in plant cover on a legal liability basis
  • Key loss cover
  • Security devices
  • Repair Investigation Costs
  • Imminent Damage
  • Fire Brigade charges up to GBP 10,000
  • No inner limits or exclusion in respect of theft from unattended vehicles

Our focus is to reward clients who have a strong and proactive approach to risk management whether at the depot, site or through vetting of customers. Premium discounts are offered for enhanced security features such as immobilisation devices, tracking systems and through registration with CESAR (Construction Equipment Security & Registration). Our aim is to ensure clients get access to our experienced team of Underwriters for their Constructional Plant & Equipment requirements & will take great of your business. Our dedicated team of Underwriters are passionate in delivering strong tailored made insurance solutions for you

Meet Paul Barnett

Senior Underwriter

Paul has over 40 years’ experience in Construction & Engineering Insurance; including start-up operations.

Paul was Chairman of London Engineering Group (LEG)for 1994 & 1995. Paul is best known for the successful & progressive development of the Chubb Commercial Inland Marine department over a 16-year period including set up at Lloyds. Vice President & European Manager from 2007 - 2016. Creator of products and revenue streams in Construction and Affinity arenas.

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