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    Equipment Insurance Articles

    Is Plant and Equipment Insurance a Legal Requirement for Australian Contractors?
    Is Plant and Equipment Insurance a Legal Requirement for Australian Contractors?
    Plant and equipment insurance is a specialized type of coverage designed to protect construction and contracting businesses against financial losses related to their machinery and tools. This includes any equipment used in the delivery of services, such as excavators, cranes, and other vital equipment. In essence, this insurance safeguards your investment, providing peace of mind as you focus on your projects. - 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
    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
    Unlock Savings: How Bundling Your Plant and Equipment Insurance Can Reduce Premiums
    Unlock Savings: How Bundling Your Plant and Equipment Insurance Can Reduce Premiums
    Plant and equipment insurance is a specialized type of coverage designed to protect your crucial assets. This insurance typically covers machinery, tools, and various equipment used in the operations of your business. It ensures that, in the event of damage or theft, you won’t face major financial setbacks. - read more
    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

    Insurance News

    Surge in Profits for Australian Insurers Amid Rising Premiums
    Surge in Profits for Australian Insurers Amid Rising Premiums
    15 Oct 2025: Paige Estritori
    In 2024, Australia's insurance industry reported a collective after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is attributed to substantial premium hikes and a relatively quiet year for natural disasters. - read more
    Rising Insurance Costs Challenge Australian Businesses Amid Crime Surge
    Rising Insurance Costs Challenge Australian Businesses Amid Crime Surge
    15 Oct 2025: Paige Estritori
    Australian businesses are confronting escalating insurance premiums, driven by a surge in break-ins and thefts. This trend is placing additional financial strain on business owners already navigating a complex economic environment. - read more
    Allianz Australia Completes Acquisition of RAA Insurance
    Allianz Australia Completes Acquisition of RAA Insurance
    15 Oct 2025: Paige Estritori
    Allianz Australia has successfully completed the acquisition of RAA Insurance for $642 million, marking a significant expansion of its operations in South Australia. This strategic move is set to enhance Allianz's market presence and diversify its service offerings in the region. - read more
    NSW and SA Initiate Trials for Increased Mass Limits on Zero-Emissions Trucks
    NSW and SA Initiate Trials for Increased Mass Limits on Zero-Emissions Trucks
    13 Oct 2025: Paige Estritori
    In a significant move towards sustainable transport, New South Wales (NSW) and South Australia (SA) have commenced trials permitting higher mass limits for zero-emissions trucks. This initiative aims to encourage the adoption of environmentally friendly heavy vehicles by addressing existing regulatory constraints. - read more
    Austroads Survey Uncovers Safety Concerns with Overseas Licensed Heavy Vehicle Drivers
    Austroads Survey Uncovers Safety Concerns with Overseas Licensed Heavy Vehicle Drivers
    13 Oct 2025: Paige Estritori
    A recent survey conducted by Austroads has brought to light significant safety concerns regarding overseas licensed heavy vehicle drivers operating in Australia. With over 1,900 respondents, the survey aims to inform potential policy changes to enhance road safety and driver competency. - read more

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