For construction companies across Perth, Sydney, Melbourne, Brisbane, and Canberra, securing protection for vital plant and equipment is a priority.
BAU Risk’s Construction Plant and Equipment Insurance is tailored to meet these specific needs, addressing risks such as property damage, liability claims, and business interruptions. With this coverage, companies can focus on their projects without the financial stress of unexpected equipment-related incidents.
The Australian Construction Industry Forum reported that construction equipment theft costs the industry around $650 million annually.
According to Insurance Business Australia, insurance claims in the construction sector have risen by 20% over the past five years.
Construction Plant and Equipment Insurance through BAU Risk includes critical protections to support smooth operations. Property insurance protects high-value machinery and essential assets from potential damage or loss, a crucial factor in maintaining productivity. Public liability insurance covers third-party injury or property damage claims, especially relevant for equipment use on varied sites. Business interruption insurance offers financial stability if equipment downtime impacts project timelines. Additionally, professional indemnity insurance guards against claims of negligence, helping companies uphold trust with clients. For businesses with on-site personnel, workers’ compensation insurance covers employee injuries, while management liability insurance protects company leaders from potential legal or financial challenges.
To explore insurance options that best support your construction operations, you can Request a Callback or Contact Us for more information.
Protects assets and equipment from damage or loss.
Covers third-party injury or property damage claims.
Provides financial support during periods when operations are disrupted.
Provides protection against claims of negligence or errors in professional services.
Covers medical expenses and lost wages for employees injured on the job.
Offers protection against claims related to management decisions and actions.
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Keeping your business covered, so you can keep business as usual.
BAU Risk Services Pty Ltd is a Corporate Authorised Representative (CAR No. 001308013) of Apollo Risk Services Pty Ltd AFSL 403727 and provides General Insurance and Risk Management Services to their Australia wide clientele.