Contractors Plant Machinery
This policy is issued to contractors who have huge machinery to execute their work. This policy covers various risks which can damage the machinery like accident, overturning etc. There is an extension available under CAR/EAR policy to cover Contractors’ Plant and Machinery up to the limit of 25 Lakh. Beyond this, a separate insurance policy has to be taken. This also has the facility to cover Third Party losses with limited sum insured.