What is Constructors' Plant and Equipment Insurance? Belonging to the group of Engineering Insurances, CPE insurance is meant to cover physical loss or damage which the contractors' plant and equipment could suffer, whether at rest or in operation, as a result of fire, collision, impact of all kinds, overturning, crashing into ditches or downhill, flood and storm, theft, malicious damage, etc. Internal breakdown, for example breakage of gears, is not covered unless it is a direct effect of external impact.
Today's construction machinery or plant often represents a large capital investment. Hence any accident causing a large physical loss or extensive damage to such plant may untimely cut-off the anticipated return on such an investment. Asia Insurance (Cambodia)'s Contractors' Plant All Risk Policy can protect interested contractors against the negative impacts of machinery accidents without any excessive financial commitments.