Equipment Insurance

This policy indemnifies you against fire, theft and accidental damage to your mobile equipment.


  • Accidental collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear

  • Fire external explosion self-ignition or lightning

  • Burglary housebreaking or theft


  • All business enterprise and corporations.

  • Duration of cover for one year.

 Major Exclusions

  • Loss/damage arising from war, terrorism and nuclear risks.

  • Equipment licensed for road use and for which a Certificate of Motor Insurance is required.

  • Equipment operating on board any waterborne vessel unless approved by us.

  • Loss/damage due to overloading or strain.

  • Loss of accessories and parts unless the equipment is stolen at the same time.

  • Loss/damage due to the willful or dishonest act of the Insured’s employees or any person to whom the equipment is entrusted.

  • Loss/damage caused by atmospheric conditions, depreciation, mechanical or electrical breakdown/failures/breakages or wear and tear.

  • Loss/damage caused by the operator who is under the influence of alcohol or drugs.

  • Damage to tyres unless the equipment is damaged at the same time.

Note: This list is non-exhaustive. Please refer to the policy contract for the full list of the exclusions under this policy.