Driveline Plant & Machinery Insurance

GT’s new Driveline Plant & Machinery product is designed to cater for mobile plant fleets with accompanying motor vehicles. Covering loss or damage and legal liability caused to or by your mobile plant or motor vehicle, the insurance is supported by local representation of experienced underwriters and claims specialists along with expert assessors & repairers.

With a comprehensive list of standard features & optional benefits, GT aims to deliver a tailored and tangible product to our customers, so if you have a fleet of 9 or more units, whether that is mobile plant only or a mixture of both mobile plant & motor vehicles, please speak to your insurance broker about the appropriate level of cover for your business needs to see how GT can help.

Our sample of standard features and additional benefits:

  • $10,000,000 Loss or Damage limit (Part A)
  • $30,000,000 third party liability plus legal costs, any one original cause (Part B)
  • $1,000,000 third party liability for dangerous goods, any one original cause (Part B)
  • Additional Cost of Reinstatement – up to 10% of the Sum Insured of Your Mobile Plant, or $50,000, whichever is the lesser
  • Appreciation in Market Value – Mobile Plant up to 25%
  • Automatic additions & deletions – $500,000 limit, 30 day notification
  • Delivery expenses – $25,000 per Event
  • Dry Hire Difference in Conditions – Mobile Plant
  • Expediting expenses – $10,000 per Event or 50% of the repair cost, whichever is the lesser
  • Mobile Plant Accessories – $10,000 or 10% of the Sum Insured, whichever is the lesser
  • Recovery Expenses – $250,000 for Mobile Plant, $100,000 for Motor Vehicles
  • Removal of load – $25,000 per Event
  • Repatriation/Accommodation Expenses – $5,000 per Event
  • Retrieval Expenses – No Damage – $50,000
  • Finance Payout – up to an additional 25% for Sums Insured <$500,000, up to 20% for Sums Insured >$500,000
  • Sum Insured payout or replacement vehicle (Mobile Plant and Motor Vehicles of 4.5 tonnes GVM or greater) – within 2 years of original registration
  • Wet Hire subrogation waiver – Mobile Plant
  • Bodily Injury (CTP gap liability)
  • Emergency, fire and police authorities – $25,000 per Event
  • Cross liability

 

Our sample of optional benefits:

  • Hired In and Non-owned Mobile Plant
  • Dry Hire Damage Waiver
  • Loan Repayment Protection – Mobile Plant
  • Temporary Hire – Mobile Plant
  • Increased Costs of Working
  • Transportation & Mobilisation Costs
  • Unattached GPS, laser and guidance equipment
  • Downhole
  • Laid Up
  • Windscreen Waiver – Mobile Plant
  • Ongoing Hiring Charges
  • Market Value Enhanced
  • Airfreight
  • Increased Loss or Damage limit (Part A)

 

Our Plant & Machinery flyer is available for download here:

Plant & Machinery Flyer