Product update: Exclusive inland marine - mobile plant and equipment facility
Product update: Exclusive inland marine - mobile plant and equipment facility
Miller’s exclusive mobile plant and equipment facility continues to go from strength to strength -2023 experienced 60% increase in declarations and premium. It provides A+ Lloyd’s security rated capacity for physical loss or damage to owned or leased mobile equipment, offering a broad policy wording, flexibility around the type of asset that can be covered and a quick turnaround on quotes.
Who is the facility designed for?
Equipment owners, including contractors, subcontractors, lenders and others operating in the:
- energy, including power generation;
- natural resources;
- environmental services;
- industrial services;
- infrastructure;
- and construction industries.
What is covered?
- All risks of physical loss or damage to equipment, including CAT perils
- Including mechanical & machinery breakdown
- Including whilst in use, storage and/or on road
- Loss of hire and/or earnings coverage available on a case-by-case basis
What assets are included?
Broad scope of mobile equipment, including the following.
- Mobile oil field equipment
- Pumps/compressors
- High value specialist vehicles/trailers
- Temporary facilities, including camps
- Mobile cranes
- Mobile generators
- Bulldozers/dump trucks
- Forklifts/skid steers
- Front end loaders/excavators
Not in appetite
- High value drilling rigs
- Harvesting and logging equipment
- Rolling stock
Get in touch with Tim Regan to find out more about the updated 2024 facility highlights.
