Comprehensive Machinery Insurance (CMI) is designed to protect businesses from financial losses due to damage or breakdown of machinery and equipment.

Machinery and equipment, no matter how well-maintained, are prone to sudden and unexpected breakdowns due to mechanical or electrical failures. These breakdowns can halt production or disrupt services, leading to significant financial losses. Machinery breakdown insurance covers the cost of repairs or replacement, helping businesses recover quickly.

Although a CMI policy in its all-risk wording form offers broad coverage, it should be carefully reviewed in terms of extensions, exclusions, and special conditions. For the policy to be truly effective, it must be customized to reflect the specific characteristics of the insured, their operations, and the unique risks associated with their business activities.

By tailoring the policy to the insured's needs, it ensures that potential risks are properly addressed, and that the coverage aligns with the company's equipment, operational procedures, and risk exposure. Our approach to Comprehensive Machinery Insurance focuses on creating customized, industry-specific solutions with strong claims support and global market access. This makes us a trusted partner for businesses that rely on machinery for their operations, ensuring they are fully protected from unexpected breakdowns, property damage, and business interruption.

Contractor's Plant and Machinery (CPM) Insurance provides coverage for construction equipment and machinery against a variety of risks, both on-site and off-site..

When considering CPM insurance, there are several nuances to keep in mind to ensure comprehensive coverage . One of the most important aspects of CPM insurance is ensuring that the value of the machinery is correctly assessed and insured.

Contractors also need to be mindful of the geographic limits of the policy. Some policies only cover machinery while it's on-site, whereas others extend coverage during transit or even while stored off-site. Customizing the policy to cover all movement of machinery is essential to prevent coverage gaps. If machinery is used across multiple projects, the insurance should cover all locations to ensure the equipment is protected regardless of where it is being utilized.

Typical exclusions might include wear and tear, maintenance costs, and gradual deterioration of machinery. It’s crucial to understand these exclusions and ensure that routine risks faced by the machinery are properly accounted for in other ways.

Many insurers offer additional coverages or endorsements, such as coverage for hired machinery, damage due to strikes or riots, and breakdown coverage. These options can enhance the policy and provide more comprehensive protection.

At Link Broker, we create customized insurance solutions tailored to the unique risks associated with each client’s machinery and construction activities. This ensures that contractors are adequately covered for the full scope of their operations, including special provisions for high-value equipment or complex project environments.

We take into account the specific machinery, geographic locations, and the nature of the projects involved to craft the most comprehensive protection available. This proactive approach helps mitigate risks before they materialize.

With extensive experience in high-risk industries and international markets, Link Broker is uniquely positioned to offer CPM insurance solutions for contractors working across borders or in regions with complex risk environments. Our global reach allows us to secure competitive terms and broader coverage for international contractors.