Contractor’s Plant and Machinery Insurance (CPM)

Contractors Plant and Machinery (CPM) Insurance provides comprehensive coverage for contractors and businesses against accidental damage, loss, and unforeseen risks affecting construction machinery and equipment. It ensures business continuity by protecting against natural disasters, operational risks, and sudden breakdowns.

Coverage Scope

Accidental damage or loss during operation
Damage due to collision, overturning, or impact
Natural perils such as fire, lightning, flood, storm
Damage during transport, installation, or re-assembly
Unforeseen incidents including explosion or leakage

Suitable For

Contractors and machinery owners using heavy equipment for construction projects
Construction companies, infrastructure developers, and industrial operators

Coverage Period:

1 year (Depending on policy period, renewable annually)

Insured Property / Covered Machinery

Lifting Equipment: Cranes, Forklifts, Boom Lifts

Earthmoving Equipment: Excavators, Bulldozers, Tractors, Graders

Road Construction: Road Rollers & Construction Equipment

Heavy Duty Cranes: Cranes with capacity up to 50 tons

Sum Insured & Annual Premium Rates

Machinery Type	Sum Insured Limit	Annual Premium Rate
Forklifts, Boom Lifts	Up to THB 3,000,000 per unit	0.75% (Min. THB 7,500 / unit)
Excavators, Bulldozers, Tractors, Graders, Road Rollers	Up to THB 7,000,000 per unit	0.65% (Min. THB 10,000 / unit)
Cranes (≤ 50 tons)	Up to THB 15,000,000 per unit	0.85% (Min. THB 25,000 / unit)

*Note: Premium rates exclude stamp duty (0.4%) and Value Added Tax (VAT 7%).

Required Documents for Application

Company Certificate / VAT Registration (Por Por 20)
Machinery registration book, purchase order, or official quotation
Machinery details (Type, brand, model, year of manufacture, chassis/engine number, and sum insured)
Current photographs of the machinery
Loss history record for the past 3 years
Previous insurance policy (if applicable)