Businesses with mobile plant and equipment need to ensure their equipment is covered no matter where it is in Australia. This type of equipment can be expensive to replace and repair, and when damaged or stolen can set your project back several months very easily. Heavy machinery and the environments they work in expose people to significant person risk and accidents involving people can run into the millions of dollars.
If a machine is damaged or stolen and it is out of action for a period of time whilst being repaired, or is written off and you are waiting for the availability of a replacement machine, Financial Protection is there to cover your financial loss. It is there to protect your livelihood. It can also incorporate making finance payments on the damaged equipment’s finance/lease.