Contractors' plant and equipment insurance in international markets
This publication deals with an internationally widespread form of Contractors' Plant and Equipment insurance (CPE).
The advantages compared to Machinery Breakdown insurance are described, and CPE insurance is recommended for markets where insurers do not have the appropriate technical experts available at the right location to successfully offer the usual Machinery Breakdown insurance for contractors’ machinery.
The publication explains how building machinery and site installations can be more profitably insured in developing countries under CPE, and why classic Machinery Breakdown insurance generally yields poor results for internal breakdowns claims.
The brochure lists the essential differences between CPE and Machinery Breakdown insurance. In addition, important aspects of marketing are emphasised. Risk assessment and selection is dealt with, and insurable plant and installations are shown, together with examples of losses.
