Contractor’s Plant & Machinery (CPM) Insurance – National Insurance

In construction, infrastructure development, and industrial projects, heavy machinery plays a crucial role in ensuring timely and efficient operations. Equipment like excavators, loaders, cranes, road rollers, and drilling machines are high-value assets that face significant risks at project sites. Any damage or breakdown can lead not only to repair costs but also major project delays.

To safeguard these critical assets, National Insurance offers the Contractor’s Plant & Machinery (CPM) Insurance, a comprehensive policy designed to provide financial protection for contractors, builders, and project owners.

What is CPM Insurance?

Contractor’s Plant & Machinery (CPM) Insurance provides coverage for loss or damage to heavy machinery and equipment used at construction or project sites. It protects both owned and hired equipment, ensuring financial stability in the event of accidental damage.

This policy applies whether the machinery is working, at rest, or being dismantled, offering complete protection throughout its usage lifecycle.

What Does CPM Insurance Cover?

The policy provides wide-ranging protection against:

1. Accidental Damage

Covers unforeseen and sudden physical loss due to:

• Mechanical breakdown
• Electrical failure
• Impact damage
• Collision, overturning, or dropping
• Bursting or explosion

2. Natural Calamities

Protection against damage caused by:

• Flood, storm, cyclone
• Earthquake, landslides
• Lightning, hailstorm

3. Fire & External Risks

• Fire, explosion
• Riot, strike, and malicious acts
• Theft or burglary

4. Transit Damage (Within Project Site)

Covers shifting from one location to another within the insured premises.

Key Features of National Insurance CPM Policy

✔ Wide Coverage for Heavy Machinery

Protects equipment like:

• Excavators
• Bulldozers
• Cranes (mobile & tower)
• JCBs
• Dumpers & loaders
• Road rollers
• Drilling machines
• Asphalt mixers
• Concrete batching plants

✔ Covers Owned and Hired Equipment

Suitable for contractors who rent or lease machinery.

✔ Flexible Sum Insured

Based on the current replacement value of machinery.

✔ Add-On Covers Available

Enhance protection with:

• Owner's surrounding property
• Third-party liability
• Escalation clause
• Express freight, air freight
• Spare parts cover
• Debris removal

✔ Applicable Even During Idle Periods

Insurance remains valid even when the machinery is not in operation.

Who Should Opt for CPM Insurance?

This policy is ideal for:

• Civil contractors
• Road and highway builders
• Infrastructure developers
• Mining operators
• EPC contractors
• Companies using heavy machinery at project sites

Any business relying on costly equipment for on-site operations benefits from CPM insurance.

Why Choose National Insurance for CPM?

✔ Strong expertise in engineering insurance

✔ Customizable plans for different types of machinery

✔ Transparent terms and competitive premiums

✔ Pan-India support and efficient claim settlement

✔ Reliable protection from one of India’s oldest insurers

Conclusion

Heavy machinery is a critical investment for construction and industrial projects. The Contractor’s Plant & Machinery (CPM) Insurance offered by National Insurance ensures that your equipment is protected against unforeseen risks, operational hazards, and natural disasters. This coverage helps prevent financial losses and ensures uninterrupted progress at project sites.

Whether you own or hire machinery, CPM insurance is essential for maintaining safety, stability, and efficiency in your operations.