ISP

Industrial Special Plant (ISP) / Mobile Plant and Machinery

Seven Coverage Sections in One Comprehensive Mobile Plant and Equipment Insurance Package

UAA understands the importance of protecting assets and tailoring insurance solutions to safeguard mobile plant and equipment.

Incorporating seven key cover options into one package, ISP has been designed to protect all types of mobile plant and equipment from the smallest post hole digger to the largest fixed or mobile cranes. ISP can be tailored to meet the needs of your client and provides a simple and easy one quote, one application process.

Damage

Cover for owned mobile plant and equipment

Hired in Plant

Cover for non-owned mobile machinery and plant hired in by the insured

Additional Benefits

A combination of automatic and optional benefits which allows you to tailor coverage to the insured’s business needs

Financial Protection

A combination of covers that allows you to tailor coverage to protect your insured’s business from financial loss

Breakdown

Cover for mechanical breakdown of mobile machinery and equipment

Road Risk

Third Party Property Damage cover for registered vehicles

Broadform Liability

Provides comprehensive Legal Liability protection in connection with the insured’s business activities

Total mobile plant and equipment protection for your clients

ISP can be tailored to suit your client’s business needs and includes the following additional benefits:

  • Damage to lifted Goods – automatic sub-limit of $250,000
  • Multiple crane operations
  • Expediting costs – sub-limit of $25,000 or 20% of the indemnity payable whichever is the lesser
  • Standard basis of settlement – Market Value Plus
  • Recovery costs – no damage – sub-limit of $50,000
  • Recovery costs – damage – sub-limit of $250,000
  • Employees property damage – sub-limit of $5,000
  • Indemnity to hirer – wet hire
  • Appreciation in value
  • Extra cost of reinstatement
  • Owners Protection

ISP can be extended to provide a number of additional benefits to meet your needs. Please contact your UAA Business Development Manager or ask your insurance broker for further information.

Plant and Equipment Cover can be provided for the types of equipment listed below (but not limited to):

For more information about ISP please refer to the Documents section of this website for a copy of the full policy wording and brochures or contact your local UAA office.