Contractors Plants and Machinery (CPM) is a policy that covers the contractor for loss or damage to contractors’ plant and machinery on site that may occur during construction. CPM insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. It covers the following:

1. Fire and accidental damage to the insured plant
2. Theft and burglary
3. Cover is applicable to the Machinery described in the insurance schedule while in operation or at rest, being dismantled for the purpose of cleaning or inspection or removal to another working location.