Contractor’s Plant & Machinery (CPM) Insurance
Contractor’s Plant & Machinery (CPM) Insurance is a type of insurance coverage that provides protection for construction contractors and other businesses that use plant and machinery in their operations. It covers the plant and machinery against various risks and perils, such as accidental damage, theft, breakdown, and other unforeseen events that can result in financial losses or disruptions to the business operations
CPM Insurance is typically designed to cover a wide range of equipment used in construction, civil engineering, and related industries, such as excavators, cranes, bulldozers, loaders, pavers, compressors, generators, and other types of plant and machinery. It may also cover accessories and spare parts used in conjunction with the insured equipment.
The most common disputes are:
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