Plant & Machinery Insurance | Business Insurance

Q: Can I pay my premiums by the month?

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers. For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible. You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

Q: How do I make a claim?

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

First Peoples Insurance is recognised as one of the leading insurance brokers in the Plant & Machinery field. Earthmoving Plant and Equipment policies provide tailored covers to protect the machine, its attachments, equipment and liability sections.

Earthmoving, Excavators, Skid Steers and attachments, Asphalting Machines.

Concreting Equipment including Booms, Line Pumps, and Satellite Pumps.

Cranes & Lifting Equipment, Trucks and Tippers, Forklifts.

Agricultural Equipment, farm equipment, harvesters.

Non-self Propelled Plant.

Mining and Drilling Equipment, Drilling Rigs.

Policy cover can include

Plant & Machinery Insurance needs more cover options and benefits than a standard Commercial Motor Insurance Policy. The risks of damage to high value equipment and liability issues exist in this industry on a daily basis. We can protect you against these risks by providing a specific range of covers that we know will respond when required.

Financial Loss

Agreed Value/Lease value protection, or Lease Payment protection.

Continuation of Business

Increased Cost of Working cover, or Consequential Loss cover.

Owner Protection Plus

Covering your interests should your vehicle be operated by an employee, outside the manufacturer’s specifications (E.g. Damage caused by accidentally lifting a load which is too heavy for the machine).

New for Old Replacement

For machines and motor vehicles purchased new and less than two years old.

Unspecified Attachments

A number of insurers say if not specified not covered. We can get unspecified attachments $10,000 or 10% of Sum Insured.

Hired in Plant Cover

Cover for sudden and unforeseen physical loss, damage or destruction for mobile plant and equipment hired in.

Hire Vehicles

Substitute Vehicles whilst your vehicle is being repaired.

Dry Hire

Items owned but hired out to a third party without an operator.

Material Damage

Covers your Equipment against losses due to Fire, Storm and tempest, Earthquake, and Malicious Acts.

Public Liability Insurance

Liability cover away from the vehicles insured.

Road Risk

Cover for Third Party or Property Damage arising from the use, operation or towing of a registered road vehicle or machine in connection with the business.

Machinery Breakdown

Covers the sudden and unexpected breakdown of a mechanical, electrical or electronic part of a machine that prevents the normal use of the machine.

Broadform Liability

Legal liability for personal injury, property damage or advertising injury caused by an occurrence in connection with the declared business activities.

First Peoples Insurance is a 100% Aboriginal-owned, full-service insurance broker, not a product seller. We partner with you to understand your risks and design tailored insurance brokering solutions that evolve with your needs.

We have access to a large range of quality insurers and policies to ensure you obtain the best possible coverage.

Our claims team has years of experience and expertise in successfully managing complex and difficult claims.

Whether your business has one machine or one hundred machines, we look after clients big and small, and can provide a full risk review at no expense to your business. At First Peoples Insurance, we think outside the box and look for ways to further protect your business against ongoing changes in government legislation.

We have access to Specialist Plant & Equipment Insurers.
Experienced Insurance Advisers able to design a package policy for your consideration.
Experienced and respected Industry Claims officers.
A valued and highly experienced Claims Management team.
The PPSR security register is of vital importance for many businesses with the recent change in legislation. Your vehicle may be locked up with liquidators if it is left on the job site of a third party who goes into liquidation.
Risk Management Options.
Ability to obtain premium discounts for drivers who have experience moving into their own business.
We communicate with Logistic and Plant & Machinery solicitors who advise latest Law changes.

Frequently Asked Questions for Business Interruption Insurance

If on a Public Road and that can include a driveway, then you should register.

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers.

For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible.

You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

Some Insurers do not cover certain Business Activities, for example, Civil work Air Side, Rail side, or Underground Mining.

Be warned about the PPS Report and certain policies that have Malicious Damage Excesses. Speak to your adviser regarding storage to get the most suitable policy.

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

Plant & Machinery