Business owners who depend on machinery for their livelihoods should consider appropriate property and plant insurance for their needs, as underinsurance or having no insurance can be quite risky.
But sometimes the process can be overwhelming, with adequate values of protection difficult to ascertain.
One insurance company strives to make it all easy: with more than five decades of experience in the insurance industry, NTI is a leader in mobile plant and machinery insurance.
NTI’s Yellow Cover package (subject to eligibility) can insure the smallest mobile plant item through to the largest and most complex infrastructure projects.
Its Mobile Plant and Equipment Insurance is a comprehensive cover option delivered by a team of mobile plant and equipment insurance experts, combined with NTI’s outstanding service, unparalleled expertise, and essential local knowledge that provides industrial strength protection across a complicated and specialised range of exposures.
The general Equipment and Machinery Insurance component is designed to provide protection and comprehensive cover tailored around small to medium business operations, equipment and machinery.
An important feature of the policy is that it does not exclude coverage for natural disasters such as cyclones, floods and bushfires.
And that’s a big comfort as the country approaches the months and seasons where the risk of catastrophe is higher.
Policy holders can feel assured that they have cover if they are affected by any of these exposures.
As NTI national product manager for mobile plant David Kidd explains, the company’s main priority is protecting customers’ property and plant, and getting them back into production quickly whether by repair, replacement or cash settlement.
“We know Australian weather can be unpredictable, and a higher probability of severe weather events adds an increased risk to transport, shipping and logistics, and machinery and equipment business owners and operators,” he said.
“Severe weather can escalate quickly, so equipping yourself with an action plan ahead of time, communicating that plan across the business, and checking weather warning systems is essential for preparing for severe weather and keeping your business running.
“We’ve taken our wealth of experience, an innovative approach and local expertise across the country to deliver an industry-leading policy for your mobile plant and equipment.
“If you’re an owner-operator, earthmover or civil contractor, work in quarry and mining applications or farming and agricultural operations, then have a look at our Yellow Cover offering. We also offer cover for the plant and equipment hire industry as well.
“Plus you can tailor your cover to match your specific needs.
“Add to this our award-winning Accident Assist service, the Premium Repairer network — with in-house mobile plant and heavy machinery specialists to streamline the repair process — our Repair Guarantee, essential local knowledge from capital cities to regional centres across Australia, and value for money premiums.”
Yellow Cover provides customers with industry-leading products, access to NTI’s award-winning claims solution, a lifetime guarantee on authorised repairs and a team of experts and recovery operators all over Australia.
There is also a range of specialist covers, including:
- Substitute Hire Costs for Mobile Plant
- Ongoing Hire Costs
- Finance Payment Protection
- Mobile Plant Damage Waiver
- Overseas Air Freight
- Market Value Plus for Mobile Plant
If you’d like to learn more about risk management and how to protect your business, contact your insurance broker or NTI today. Visit: https://www.nti.com.au/yellow-cover
This information is general only and does not take into account your objectives, financial situation or needs. When making decisions about our insurance, consider the PDS and TMD at nti.com.au. Limits and exclusions apply. National Transport Insurance is an equal joint venture administered on behalf of the insurers (CGU Insurance ABN 11 000 016 722 AFSL 227681 & Vero Insurance ABN 48 005 297 807 AFSL 230859) by its manager NTI Limited ABN 84 000 746 109 AFSL 237246.