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Equipment Insurance Articles

General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
When it comes to running a business, insurance is one of those things that often gets overlooked. However, understanding the different types of insurance is crucial for protecting your business assets and ensuring your peace of mind. Among the many options available, plant and equipment insurance is vital for businesses that rely on machinery and various tools. - read more
Understanding Owned vs. Hired-In Plant Insurance: A Comprehensive Guide for Australian Businesses
Understanding Owned vs. Hired-In Plant Insurance: A Comprehensive Guide for Australian Businesses
Understanding plant and equipment insurance is crucial for any contractor in Australia. This type of insurance protects your valuable machinery and tools from unforeseen events that could disrupt your business. Without proper coverage, equipment damage or loss can lead to significant financial strain, potentially jeopardizing your operations. - read more
What does plant and equipment insurance cover?
What does plant and equipment insurance cover?
Plant and equipment insurance is a specialized form of coverage designed to protect the tools and machinery that businesses rely on for their operations. This type of insurance typically covers various assets, including construction machinery, agricultural equipment, and industrial tools. By safeguarding these critical assets, you can ensure that your business continues to run smoothly even in the event of loss or damage. - read more
What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
In the bustling world of business, safeguarding your assets is crucial. This is especially true for industries reliant on machinery and equipment. One essential type of coverage for such businesses is plant and equipment insurance. It provides financial protection against risks associated with the loss or damage of your essential tools. - read more
The Factors That Affect Plant and Equipment Insurance Premiums in Australia
The Factors That Affect Plant and Equipment Insurance Premiums in Australia
Plant and equipment insurance is a specific type of policy designed to protect the tools, machinery, and equipment that businesses rely on for their operations. This insurance safeguards against various risks, ensuring that your essential assets are not a financial burden during unforeseen circumstances. - read more

Insurance News

Australian Insurance Market Anticipates Slower Premium Growth in 2025
Australian Insurance Market Anticipates Slower Premium Growth in 2025
31 Jan 2026: Paige Estritori
In recent years, Australia's insurance sector has experienced substantial premium hikes, largely attributed to inflationary pressures and the financial repercussions of natural disasters. However, industry analysts now predict a slowdown in premium growth for 2025, indicating a potential shift in the market dynamics. - read more
Australian Insurance Industry Faces Challenges in Cybersecurity Readiness
Australian Insurance Industry Faces Challenges in Cybersecurity Readiness
31 Jan 2026: Paige Estritori
The Australian insurance sector is currently grappling with significant challenges in cybersecurity preparedness, as highlighted by the latest PwC Insurance Banana Skins Survey. This comprehensive study, which gathered insights from 698 insurance executives across 42 territories, including 37 from Australia, underscores a concerning lag in the industry's readiness to tackle emerging digital threats. - read more
Australian Insurance Leaders and Regulators Convene to Streamline Regulations
Australian Insurance Leaders and Regulators Convene to Streamline Regulations
31 Jan 2026: Paige Estritori
In a concerted effort to enhance regulatory efficiency within the general insurance sector, the Insurance Council of Australia (ICA) recently hosted a pivotal roundtable in Sydney. This gathering brought together senior executives from the insurance industry alongside representatives from the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). - read more
IAG CEO Predicts Ongoing Insurance Premium Rises
IAG CEO Predicts Ongoing Insurance Premium Rises
31 Jan 2026: Paige Estritori
Insurance Australia Group (IAG) has reported a significant 91% increase in net profit for the first half of the 2024-2025 financial year, reaching $778 million. Despite this profit surge, IAG's CEO, Nick Hawkins, has indicated that insurance premiums are expected to continue rising, though at a more moderate pace compared to previous years. ([abc.net.au](https://www.abc.net.au/news/2025-02-14/iag-ceo-nick-hawkins-warns-of-further-premium-increases/104931074?utm_source=openai)) - read more
Rising Insurance Costs Challenge Australian Hospitality Sector
Rising Insurance Costs Challenge Australian Hospitality Sector
31 Jan 2026: Paige Estritori
The Australian hospitality industry is currently facing significant challenges due to escalating insurance premiums. Business owners report substantial increases in their insurance costs, which are becoming one of the largest expenses alongside wages, rent, and the rising cost of goods. ([au.finance.yahoo.com](https://au.finance.yahoo.com/news/aussie-hotel-owner-reveals-insane-48000-cost-behind-alarming-small-businesses-trend-040048130.html?utm_source=openai)) - read more

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Knowledgebase
Incontestability Clause:
A provision in a life insurance policy that prevents the insurer from voiding coverage due to a misstatement by the insured after a certain period.