Construction & Agricultural Plant Fleet Insurance

What vehicles are covered under a construction fleet policy?

A construction fleet includes heavy-duty vehicles such as:

• Tractors
• Bulldozers
• Cranes
• Excavators
• Compactors
• Forklifts

In general, construction vehicles are private or commercial vehicles actively involved in the construction process, delivery or storage of tools or supplies.

What vehicles are covered under a plant fleet policy?

Some vehicles that can be covered under a plant fleet policy, include:

• Tractors 
• Utility terrain vehicles 
• All terrain vehicles
• Seeders
• Combine harvesters
• Sprayers 
• Pickup trucks

What does plant fleet insurance cover?

Policies for plant fleet insurance can vary, but in general, plant fleet insurance will cover you against malicious damage, theft, fire, floods and water damage for both your vehicles and hired-in equipment. 

Alternatively, you may only want to cover the road risks for your plant vehicles if you are covered for damage and theft under a Contractors All Risks policy. You may also have your hiring charges covered under this insurance.

What is Tool of Trade Risk?

Tools of Trade Risk, also known as Third Party Working Risk, is a type of insurance which covers vehicles used in areas which the public have access to. 

This type of insurance will usually cover roads, but the term roads is quite broad and can also refer to areas where the public have access, such as car parks. 

Your fleet policy will almost certainly exclude cover whilst your vehicle is being used as a tool of trade, so it is important that you understand exactly what your policy covers you for and also, what you are not covered for.

What are the benefits of plant fleet insurance?

There are many benefits to plant fleet insurance, including:

• Optimisation of fleet vehicles and operation performance:
  To efficiently manage your fleet of vehicles, data has to be collected, stored and analysed.
  
  This collection of data can help operation managers in decision making and help to implement policies which promote growth, increase productivity and improve daily operations.
• Less administration:
  Plant fleet insurance and management can help to facilitate the organisation of invoices thanks to each vehicle being covered by one single policy. This includes policies for own vehicles, as well as hired-in ones.

• Flexible contracts:
  As your fleet grows, whether that is because you have more work to complete or your company is growing, you can easily add more vehicles to your fleet and update your policy without hassle.
• Save on costs:
  By using plant fleet insurance, you can significantly save yourself money since multiple vehicles and pieces of equipment will be under one policy. The more vehicles you add, the greater the potential for bigger savings.