Plant and Equipment Insurance Australia

Comprehensive coverage for machinery and assets, protecting against damage, theft, and breakdowns.
What is Plant & Equipment Insurance?

Plant and equipment insurance in Australia is a specialised form of coverage designed to protect businesses that rely on valuable machinery, tools, and equipment for their daily operations. Industries such as construction, mining, agriculture, and tradesmen often require this insurance to safeguard their investments and ensure business continuity.

Types of Coverage for Plant & Equipment Insurance

This comprehensive coverage addresses various risks associated with owning, leasing, or operating heavy machinery and equipment, including accidental damage, theft, fire, and natural disasters. By understanding the unique needs of each business sector, plant and equipment insurance provides tailored protection, offering peace of mind to operators and minimizing potential financial losses.

Coverage for complete accidental loss or damage to insured items, including Road Risk Liability for registered items, is provided under this policy. Truck Cover can assist in obtaining the appropriate insurance policy for a variety of plant and equipment, which is not limited to the following examples. 

  • Excavators
  • Bulldozers
  • Skid-steer loaders/bobcats
  • Backhoe Loaders
  • Tipper Trucks
  • Cranes
  • Mobile Cranes
  • Harvesters
  • Drill Rig
  • Borers
This comprehensive protection ensures the safeguarding of your valuable assets and provides peace of mind during their operation and transportation.

Legal Liability insurance protects you against claims arising from third-party injuries and property damage. Owners of earth movers and excavators can select from a range of liability limits and policy benefits to best suit their needs, ensuring comprehensive coverage that safeguards their business operations and financial interests.

  • $5,000,000
  • ​$10,000,000
  • ​$20,000,000
  • ​Vibration and Removal of Supports Cover
  • ​Property in Care, Custody and Control


Based on the specific insurer, Truck Cover can help you find a range of standard or optional benefits for your Earth-moving insurance policy. These tailored features are designed to meet the unique requirements of your business and provide comprehensive protection for your equipment and operations.

  • Finance Gap
  • ​Windscreen Replacement
  • ​Expediting Expenses
  • ​Substitute Hire Costs
  • Hire motor vehicle after theft
  • Recovery Costs
  • Equipment Breakdown 

Keep in mind that the specific coverage may vary between insurers and policies; always review the policy documents to understand the inclusions and exclusions.

ComparE Quotes from Multiple Plant & Equipment INsurers Today!

Benefits Of Having Plant & Equipment Insurance

Plant and equipment insurance in Australia offers numerous benefits to businesses and individuals operating in various industries. Some of the key advantages include:

Comprehensive Coverage

This insurance provides extensive protection against risks such as theft, accidental damage, fire, and natural disasters, ensuring that your valuable assets are safeguarded.

Financial Security

In the event of loss or damage to your plant and equipment, the insurance policy helps cover the costs, shielding your business from significant financial setbacks.

Business Continuity

By mitigating the financial impact of potential losses, plant and equipment insurance enables you to maintain your operations and continue serving your clients without major disruptions.

Plant & Equipment Insurance FAQ’S

The cost of Plant and Equipment Insurance in Australia varies widely depending on several factors, including the type of machinery, its value, usage frequency, location, coverage limits, and your business’s claims history. 

For a more accurate cost estimate tailored to your specific situation, it’s recommended to request a quote from an insurance provider like Truck Cover. They will assess your equipment, business needs, and risk profile to provide you with a customized premium quote that aligns with your requirements.

Keep in mind that while cost is an important factor, ensuring adequate coverage that protects your valuable machinery from potential risks and financial losses is equally crucial. It’s advisable to work with experienced insurance professionals who can guide you through the process and help you find the best coverage at a competitive price

To get plant and equipment insurance in Australia, follow these  steps:

  1. Research Insurance Providers: Look for reputable insurance providers that offer plant and equipment insurance coverage. 
  2. Request Quotes: Contact Truck Cover to request quotes for plant and equipment insurance. Provide them with details about your specific equipment and requirements.
  3. Compare Coverage Options: Compare the coverage options provided by different insurers, including the types of equipment covered, policy limits, deductibles, and additional features such as coverage for spare parts or breakdowns.
  4. Consult with Experts: Seek advice from Truck Cover insurance specialists who can guide you through the process and help you choose the right coverage for your needs. 
  5. Obtain a Policy: Once you have selected an insurance provider and coverage that meets your requirements, complete the necessary paperwork and finalise the policy. Be sure to review the terms and conditions before signing.
In Australia, several individuals and businesses may need plant and equipment insurance. These include:
  • Construction Companies: Construction companies that use various types of plant and equipment, such as excavators, bulldozers, cranes, and concrete mixers, may require insurance coverage to protect their valuable assets.
  • Contractors and Tradespeople: Contractors and tradespeople who rely on equipment like bobcats, forklifts, portable tools, and other machinery as part of their work may also need plant and equipment insurance to safeguard their equipment against damage or loss.
  • Mining and Earthmoving Businesses: Companies involved in mining, excavation, earthmoving, and related industries often have a significant investment in heavy machinery and equipment. Plant and equipment insurance can provide coverage for such businesses.
  • Logistics and Transport Entities: Businesses in the logistics and transport sector that own or operate trucks, trailers, forklifts, or other mobile equipment may need plant and equipment insurance for comprehensive coverage of their fleet.

It is important for individuals and businesses to assess their specific needs and consult with insurance experts to determine the appropriate level of plant and equipment insurance required for their operations.

Plant and equipment insurance is an important type of insurance for businesses that own plant and equipment. It can protect your assets, cover the cost of business interruption, and meet legal requirements. If you own plant and equipment, it is important to consider getting plant and equipment insurance.  Call Truck Cover today to discuss your risk requirements or request a quote.