Contractors’ Plant and Equipment (CPE)
Established at Castel in 2019, the team provide cover for all types of CPE across most industries on a direct and reinsurance basis.
Range of Coverage:
- All risks annual coverage
- Owned and hired-in plant
- Covered in operation and when being dismantled and assembled
- Covered in transit (excluding by sea and air)
- Can be written on broker manuscript wording or on Munich Re CPM form
- Direct insurance or as facultative reinsurance
With specific Underwriting Appetite for:
- General Contractors
- Mining contractors and owners
- Civil contractors
- Crane operators/owners
- Specialist drilling contractors
- All plant asset types considered
Primary Clients, Sectors and Regions:
The team is able to underwrite risks worldwide, (subject to carrier licencing), with specific focus on Australia, Latin America & Canada
- All Capacity providers are at least A rated.
- Up to USD 20,000,000 (our share)
- Up to maximum 33.33% share
For further information and to discuss your CPE insurance requirements, contact the team today.