Machinery and equipment insurance policies provide protection for most types of plant and equipment in the earthmoving, construction, crane, agriculture and mining industries.

1. Equipment and Machinery Insurance
Policies

2. Machinery and equipment insurance policies provide protection for most
types of plant and equipment in the earthmoving, construction, crane,
agriculture and mining industries.
Machinery and equipment insurance policies

3. Cranes / Tower Cranes
Earthmoving Equipment – Backhoes, Excavators
Forklifts / Scissor Lifts
Lifting Equipment
Concrete / Water Truck
Drilling Machines - Rock Breakers / Borers
Farming Equipment / Machinery
Forestry Equipment – Wood Chippers / Mulchers
Insurance coverage include:

4. To obtain a quotation, enquire online at www.optimuminsurance.com.au.
In most circumstances we are able to provide an quote over the phone. If
you would like to discuss your needs further, contact us on 1300 739 861.
Policy coverage is always subject to the terms, conditions and exclusions of
the insurance contract and policy wording provided by the insurer.
Each insurance company has its own policy wording. This means that
coverage can vary considerably from one insurer to another. It is vital that
you compare each policy based on the appropriateness of cover for your
individual or business needs.
As Insurance Advisers, it is our role to understand the terms and conditions,
so contact us now for advice and a quote.
Equipment and Machinery Insurance Quote

5. There are several industry specific polices available which combine the
mainstream insurance exposures.
Material Damage
Sudden and unexpected physical damage or destruction of a machine.
Third Party Road Risk Liability
Legal Liability for Personal Injury and/or property damage of a registered
vehicle. This can also extend to road vehicles with temporary road permits, if
agreed with insurer.
Care, Custody and Control (Hook) Liability
Legal Liability for property damage or destruction to third party property in
your physical possession or legal control.
What are Common Policy Features?

6. Legal Liability for Personal Injury or Property Damage caused by an
occurrence in connection with the insured. (Note: Some insurers provide
limited cover for Public (General) Liability only.
Consequential Loss
Loss of income cover as a result of damage to a Machine which subsequently
causes an interruption to the business and income (does not include
substitute hire costs).
Hired in Plant
Liability to hirer arising from damage to a machine that has been hired in for
the purpose of use in accordance with their business activities.
Public and Products (Broadform) Liability

7. Cover the reasonable costs to repair the machine to its condition prior to the
breakdown (excludes wear and tear, lack of maintenance claims). You also
should consider the policy features and benefits, as these vary from insurer
to insurer and some are not automatically covered and/or have a sub-limit.
These include:
• Accessories/ Tools
• Expediting Costs
• Recovery Costs
• Indemnity Hirer
• Multiple Crane Operation (Multi-lifting)
• Appreciation in value of Machinery
Material Damage

8. • Additions/Deletions of Machines
• Owners Protections
• Unintentional Non-Deliberate Overload
• Windscreen Replacement
• Dry Hire
• Substitute Hire Costs
• Damage Waiver (Hired Out Plant)
• Wet Hire / Dry Hire Extensions
• Finance Protection
• Underground Risk Limitations / Exclusions
Common Policy Extensions Available

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10. Contact Us
Phone +61 1300 739 861
Fax +61 1300 732 225
Hours 9.00am to 5.00pm (EST)
Monday – Friday
Email service@optimuminsurance.com.au
Website www.optimuminsurance.com.au
Presentation Disclaimer –– “This material contains general information only and may not suit your
particular circumstances. To decide if a policy is right for you please carefully read the relevant Product
Disclosure Statement (PDS) and/or Policy wording. A copy of the PDS or policy wording is available by
contacting our office on 1300 739 861;”
Disclosure Statement – “Optimum Insurance Services Pty Ltd is a Corporate Authorised
Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services
Licence No 240549, ABN 15 003 886 687.”