Tools, Plant & Equipment Insurance
Does Your Policy Actually Cover Your Equipment the Way You Think It Does?
1. Submit Your Business Name
Fill out our simple form with your details.
2. Get A Tools, Plant & Equipment Insurance Quote
We’ll call you to discuss your options & get you a quote.
Tailored Insurance for Your Tools, Plant & Equipment
From excavators and cranes to hand tools and specialist equipment, we work with leading insurers to find cover suited to the assets your business depends on. Insurance options we can arrange include:
Heavy Machinery & Plant
Covers excavators, loaders, cranes, and other heavy plant against accidental damage, theft, and breakdown.
Portable Tools & Equipment
Protects power tools, hand tools, and portable equipment against loss, theft, or accidental damage on or off site.
Equipment Breakdown
Covers the cost of repairing or replacing equipment following mechanical or electrical breakdown.
Hired-In Plant
Covers your liability for loss or damage to equipment you have hired from a third party.
Transit Cover
Protects your tools, equipment, and materials against loss or damage while being transported between sites, suppliers, and storage facilities.
Public Liability
Covers legal liability for injury or property damage caused to third parties by your equipment or operations.
Business Interruption
Covers lost revenue and ongoing expenses when key equipment is out of action due to an insured event.
Theft & Vandalism
Covers the replacement or repair costs when your tools and equipment are stolen or vandalised.
Accidental Damage
Covers the cost of repairing or replacing your equipment following unintentional physical damage.
Why Businesses Choose Sirius
Your Assets Deserve Expert Protection
Access to Multiple Insurers
We compare plant and equipment policies from leading Australian and global insurers to find the best cover at the most competitive price for your assets.
Competitive Market
Commercial insurance pricing moves with market conditions. We monitor the market on your behalf and will tell you honestly whether now is the right time to review your cover or stay put.
We Know Your Equipment
From excavators and cranes to specialist portable tools, we understand what your equipment is worth and the risks it faces on site, in transit, and in storage.
Full Claims Support
Equipment down means revenue lost. When you need to claim, we manage the process from lodgement to settlement so you can focus on getting back to work.
Ready to Protect Your Tools & Equipment?
Get a no-obligation comparison from multiple insurers.
Frequently Asked Questions
Tools, Plant & Equipment Insurance FAQ
What equipment can be covered under a plant and equipment policy?
Plant and equipment insurance can cover a wide range of assets including excavators, loaders, cranes, forklifts, generators, compressors, scaffolding, power tools, hand tools, and specialist trade equipment. Cover typically extends to owned, leased, and hired-in equipment. We’ll assess your full asset register and tailor the policy to match.
Does my policy cover equipment theft from a job site?
Theft cover is a core component of most plant and equipment policies. However, insurers will look at your security measures (locked storage, GPS tracking, site security) when pricing your premium. Better security typically means lower premiums. We can advise on what measures will have the biggest impact on your costs.
Am I covered if hired equipment is damaged or stolen while in my possession?
Standard hire agreements typically make you liable for any loss or damage to the equipment while it’s in your care. Hired-in plant cover protects you from these costs. Without it, you could be personally liable for the full replacement value. We strongly recommend this cover for any business that regularly hires equipment.
How much does tools and equipment insurance cost?
Premiums depend on the total value of your equipment, the types of assets, your claims history, storage arrangements, and security measures. As a broker with access to multiple insurers, we compare multiple quotes to find the most competitive option. Comparing options across the market almost always produces a better outcome than staying with your existing insurer without reviewing.
Can I insure equipment that’s used across multiple sites or states?
Most plant and equipment policies provide Australia-wide cover, regardless of which site your equipment is on. This includes cover during transit between sites. If your business needs this included, we can arrange a policy that has no geographic restrictions that could leave you exposed.
When Did You Last Review Your Equipment Cover?
Business assets change — and so do insurance markets. If it’s been more than 12 months since your last review, it’s worth a conversation.
General Advice Warning: The information provided on this page is general in nature and has been prepared without taking into account your individual objectives, financial situation, or needs. Before making any decision about an insurance product, you should consider whether the information is appropriate for your circumstances and obtain and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). Sirius Insurance Pty Ltd (AFSL 550946) acts as your insurance broker and sources policies from a range of insurers on your behalf. We do not act for any insurer.