Machinery insurance policies provide protection for most types of plant equipment in the earthmoving, construction, crane, agriculture and mining industries. These include:

  • Cranes / Tower Cranes
  • Earthmoving equipment – Backhoes, Excavators
  • Forklifts / Scissor Lifts
  • Lifting Equipment
  • Concrete / Water Truck
  • Drilling Machines – Rock Breakers / Borers
  • Farming Equipment / Machinery
  • Forestry Equipment – Wood Chippers / Mulchers

Transport Insurance Provides protection for most types of vehicles, trucks and trailers in the transport industry. These include:

  • Commercial Motor Vehicles
  • Prime Mover (articulated vehicles)
  • Rigid Truck (compromises of one complete chassis, not articulated)
  • Flap Top Trailer
  • Dry Freight Van
  • Refrigerated Van
  • Tanker
  • Tautliner
  • Low Loader Trailer
  • Drop Frame Trailer
  • Skeletal Trailer
  • Dog Trailer
  • Pig Trailer
  • Dog/Super Dog Tipping Trailer

Types of Cover

The type of cover available to insure these items is very similar to comprehensive motor vehicle insurance which cover for material damage and third party liability.

Material Damage provides cover for sudden and unexpected physical damage or destruction to the item insured.

Third Party Liability (also known as Road Risk Liability) provides cover for registered or conditionally registered items for their legal liability for third party personal injury and/or property damage. It is important to note that this section of cover does not provide cover for the operation of machinery as a 'tool of trade' (eg. A crane lifting goods, excavator doing site preparation services). Liability insurance is requires to cover the operation of machinery for its intended purpose.

Tailored policies are available for Machinery & Transport industries that provide broad policy features and benefits that are not available in basic motor vehicle policies. They commonly include options for hired in plant, machinery breakdown and public/products liability insurance as optional sections of cover.



Disclaimer – “This material contains general information only and may not suit your particular circumstances. To decide if a policy is right for you please carefully read the relevant Product Disclosure Statement (PDS) and/or Policy wording. While we have exercised due care and skill in preparing this information, Optimum Insurance Services (Optimum) does not accept any legal responsibility or liability for negligence or otherwise to you or anyone else who seeks to rely on this information. This includes, without limitation, loss arising from a possible failure of the information to comply with statutory or regulatory requirements or the failure of the information to identify other terms and conditions beyond those considered in this document. You should obtain advice to ensure that your policy provides adequate cover for your circumstances.

“Optimum Insurance Services Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services Licence No 240549, ABN 15 003 886 687.”

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Optimum Insurance Services Pty Ltd is a Corporate Authorised Representative (No. 291220) of Insurance Advisernet Australia Pty Ltd (AFSL No. 240549).


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