For the construction business, the plant and equipment are the heart of the operations. And it's undeniable that we cannot expose the core to any risk. This is the reason why plant and equipment insurance is so critical for any construction business. As construction sites are always at risk because they operate in the open, there's a need to give them a cover. Statistics suggest that Equipment around 70 billion pounds are stolen from construction sites every year. Adding on to that, there's a considerable risk of mishaps and accidents. Every business can minimize the risk by taking the appropriate action. That's what we are going to discuss here. The Appropriate Course of Action Differentiate between Owned and hired-in plant and Equipment insurance The adequate Insurance of plant and Equipment evaluate the difference between owned and hired plant and machinery. While many contractors have their own Equipment for the operations, most of them prefe...