Owned plant insurance
Specialist owned plant insurance from £17 a month*.
Fast, easy online quote in 90 seconds
Levels of cover to suit you
Pay by interest free direct debit
Cover starting from £17 a month
Cover starting from £17 a month
Frequently asked questions
Does owned plant insurance cover equipment off-site?
Yes, as well as covering own plant at your contract site, our policy will also cover machinery and equipment that is temporarily away from your contract site if it is:
- Stored in a securely locked premises, compound or garage.
- Stored within a securely locked vehicle (note that between the hours of 18.00 and 08.00, the vehicle must be securely locked and parked within a securely locked building or a guarded security park).
You can find more details on this in our owned plant insurance policy document .
What is the different between owned plant insurance, hired in plant insurance and short-term hired in plant insurance?
Owned plant insurance covers the cost of repairing or replacing plant that you own, if it is stolen or damaged. By contrast, hired in plant insurance only covers plant that you have hired in on contract, likely through a leasing company. Hired in plant insurance will cover you against your legal liability if the equipment is damaged or stolen while leased out to you.
Short-term plant hire insurance is an alternative to an annual policy. If you only hire plant equipment occasionally, this may be more suitable for you so that you are covered only for the period of hire and not for the entire year.
How do I make a claim?
We pride ourselves on our simple claims process and award-winning service. To find out how you can make a claim, visit our claims page.
How is Markel regulated?
Markel is regulated by the Financial Conduct Authority and Prudential Regulation Authority. You can take a look at the Financial Services Register to discover more.
Access free legal services for your trades business when you arrange cover with Markel:
Insure with Markel and you'll get access to a wide range of services (included as standard with certain covers) designed to make your life easier.
24 hour legal advice helpline
When you insure with Markel, you'll benefit from 24/7 telephone access to a qualified solicitor at no additional cost. Expert legal advice can be costly when you're working for yourself and it's difficult to know who to turn to for a trustworthy answer. Whether it's a question on health and safety, employment law, legal structures for your business or how to handle a difficult client, an experienced team of solicitors are on hand day and night to help you with any business-related legal queries. Included as standard with all policies.
Markel Business Hub access
In addition to our 24 hour legal helpline, you'll have access to the Markel Law Hub - an award winning online resource of legal and business guides, templates and content written and created by our team of expert solicitors. Instantly download ready-made contracts, policies, procedures and guidance you can use for your business - without paying any expensive legal fees. Included as standard with all policies.
Fee dispute service
As every contractor, consultant or self-employed professional knows, customers don't always pay on time and chasing fees/invoices costs time and money. Mindful of the impact this has on your business, we offer our policyholders access to a unique fee dispute helpline operated by one of the UK's leading law firms, who will provide specialist legal guidance and support on fee dispute issues. Included as standard with professional indemnity insurance.
Discounted IR35 contract reviews
Falling within IR35 legislation - which determines whether an individual is avoiding tax by using a limited company to disguise employment - is a concern for many engineering contractors and consultants, with the fees and penalties due to HMRC eye-wateringly high. Our policyholders receive an exclusive discount on IR35 contract reviews from Markel Tax (a Markel company), who have over 20 years experience advising individuals and businesses on their tax status. As part of the service, Markel Tax will review your contract, along with your working practices, to determine whether or not you are operating outside of IR35, and you'll receive a written report with suggested contract amendments where appropriate. Policyholders can access this service by calling 0345 223 2727 or emailing email@example.com, quoting 'MKLD' and your policy number.
Public relations crisis management service
In today's 24 hour news culture, public relations disasters can occur at any time. Having to deal with the press whilst managing a difficult situation can be hugely stressful as well as being a potential minefield. When there is a risk to your business as a result of negative press attention, our specialist public relations crisis management firm, The Counsel House, will work with you to help manage allegations of fraud, injury caused to employees or the public, and official investigations into your company's affairs. Included as standard with professional indemnity insurance, directors and officers insurance, cyber and data risks insurance and legal representation and employment disputes insurance.