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

Capacity Providers:

  • All Capacity providers are at least A rated.

Maximum Line-Sizes:

  • 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.

Contractors’ Plant and Equipment