Secure protection of valuable construction equipment
Comprehensive protection for your construction machinery: Nextsure's construction equipment all-risk insurance covers you against theft, damage, and natural hazards. Digital policies, tailored rates.
Comprehensive coverage
Digital Processing
Expert Consultation
Why construction equipment insurance is indispensable
Financial protection for large investments
Protection against theft and vandalism
Coverage for operating errors and clumsiness
Business Continuity in Case of Disasters
What specific damages are covered by the construction equipment insurance?
The construction equipment breakdown insurance from nextsure is designed as a comprehensive all-risk coverage, protecting your valuable machinery and equipment against a variety of risks. The insurance protection typically covers damages due to operational errors, clumsiness, or negligence by the machine operator. It also covers damage caused by vandalism or malicious acts by third parties. A crucial point is the protection against theft, burglary, and robbery - risks to which construction equipment is highly exposed, often on chaotic construction sites. Additionally, damages from external factors such as fire, lightning, explosion, and natural events (storm, hail, flooding, earthquake, snow pressure) are insured. Also, unforeseen events such as the machine colliding or crashing, as well as damage from short circuits or overvoltage, can be included depending on the tariff. nextsure analyses your individual needs to ensure tailored protection for your machinery fleet.
YOUR ADVANTAGES WITH Nextsure
Tailored comprehensive insurance for your construction equipment
Comprehensive insurance
Comprehensive protection against damage, destruction, and loss due to unforeseen events.
Theft protection
Protection against theft, burglary, and robbery of your valuable construction equipment and machinery.
Operational error
Coverage for damage caused by clumsiness, negligence, or improper handling of the devices.
Natural hazard damage
Protection against storm, hail, flooding, lightning, and other natural hazards.
Current Value / Replacement Value
Flexible compensation models, optionally at the replacement value or current value of your insured machines.
Transport risk
Optional protection against damage during the transport of your construction equipment to and from the site.
GAP coverage
Additional security for leased/financed devices: Covers the gap to the residual book value in case of total loss.
Digital Fast
Easy online completion and expedited claims processing through our digital processes.
Expert Advice
Individual and expert consultation by our specialists for construction equipment insurance.
Digital solutions, comprehensive coverage, expert advice
Optimally protect investments
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For which types of construction equipment is comprehensive insurance particularly useful?
An all-risk machinery insurance is fundamentally relevant for all companies in the main and secondary construction industry, as well as for rental companies of construction machinery, who use expensive mobile or stationary equipment. It is particularly worthwhile for high-quality and difficult-to-replace machines such as excavators (mini excavators, crawler excavators, wheeled excavators), wheel loaders, cranes (tower cranes, mobile cranes, loader cranes), rollers, bulldozers, concrete pumps, asphalt pavers, crushing and screening plants, as well as compressors and generators. Attachments such as hydraulic hammers, grapples, or milling cutters should also be included in the insurance cover. The higher the new or current value of a device and the more critical its failure would be for operations, the more important a comprehensive all-risk cover becomes. nextsure helps you assess the value of your machinery fleet and define the optimal insurance coverage for each individual device or as a fleet solution, to effectively minimise financial risks due to damage or loss.
Cost factors: What aspects influence the premium of your construction equipment insurance?
The premium for construction equipment hull insurance is determined by a combination of various factors. Key factors include the type, age, and purchase or current value of the machines to be insured; more expensive and newer equipment tends to result in higher premiums. The choice of deductible plays a crucial role: a higher deductible in the event of a claim reduces the ongoing premium. The desired scope of coverage is also decisive – basic tariffs are cheaper than policies with extended services such as machinery breakdown or GAP coverage. The region of use and the type of construction sites (e.g., increased risk of theft in certain areas) can also be taken into account. The claims history of the policyholder and implemented security measures (e.g., GPS tracking, anti-theft devices) can have a premium-reducing effect. nextsure provides you with a transparent, individual offer that considers all these factors and ensures a fair price-performance ratio for your construction equipment insurance.
The digital conclusion with nextsure: Fast, transparent and straightforward
nextsure, as an Insurtech, relies on fully digital processes to make concluding your construction equipment comprehensive insurance as simple and efficient as possible. Through our intuitive online portal, you can precisely assess your insurance needs, compare different tariff options, and view detailed information on the services. The entry of necessary data on your construction equipment is quick and straightforward. You can conveniently upload documents such as machine lists or purchase receipts digitally. Based on your information, you will immediately receive a tailor-made offer. During the entire process, our experts are available to assist you via chat, phone, or video consultation if needed. The contract itself is concluded online and is legally binding. This digital approach saves you valuable time, reduces administrative effort, and provides maximum transparency – fully aligned with our mission to offer comprehensive and easy-to-understand insurance solutions as a digital insurance portal.
Meaningful additional services and enhancements for optimal all-round protection
Beyond the standard comprehensive protection, nextsure offers a range of optional additional services and extensions that allow you to tailor your construction equipment insurance precisely to your operational needs. An important addition is GAP coverage, especially for leased or credit-financed machines. In the event of a total loss, this covers the potential financial gap between the replacement value and the higher residual book value from the financing agreement. For certain machines, including machinery breakdown insurance can be sensible, as it covers internal operational damages (e.g., due to material defects). Further options include the co-insurance of transport risks, data loss in electronic controls, or additional costs for rental equipment in the event of damage. Our niche insurance experts will provide you with comprehensive advice on these modules to ensure seamless protection for your valuable machinery fleet and avoid unforeseen financial burdens.
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Claims management at nextsure: Fast assistance in case of emergency for your construction equipment
In the event of damage to your insured construction equipment, nextsure's claims management is here to assist you competently and efficiently. You can report the claim quickly and easily through our digital customer portal, via email, or by phone. To ensure prompt processing, we ask you to document the damage in detail (photos, description of the incident) and provide us with all relevant information and documents (e.g. cost estimates, police report in case of theft). Our experienced claims team will promptly review your entitlement and coordinate the next steps, whether it's engaging an assessor or authorising the repair. We place the utmost importance on transparency throughout the entire adjustment process and keep you regularly updated. Our goal is to minimise your machinery downtime and quickly compensate for financial disadvantages, so you can fully focus on your core business again.
nextsure: Your specialized partner for niche insurance in the digital age
nextsure is more than just an online insurance portal; we are your specialised partner for niche insurance, combining expert advice with the benefits of a fully digital process. Our mission is to offer tailored and easy-to-understand insurance solutions for specific risks – machinery breakdown insurance is a prime example of this. We understand the unique requirements of industries that rely on expensive specialised equipment. Unlike generalists or purely comparison portals, we offer in-depth expertise and individually configurable products. Our focus on SEO-optimised content and transparent information helps you find the right coverage. Benefit from our unique portfolio, which ranges from cyber insurance to photovoltaic coverages and specialised liability solutions, and experience how modern insurance can be simple and efficient.
Abgrenzung: Contractor's Plant Insurance vs. Machinery Breakdown Insurance – What is the difference?
Although both the contractor's plant and machinery insurance (Baugeräte-Kaskoversicherung) and the machinery breakdown insurance (Maschinenbruchversicherung) serve to protect technical equipment, there are significant differences in their coverage. The **contractor's plant and machinery insurance** is typically an all-risk coverage for mobile and stationary construction machinery. It primarily covers damage caused by **external influences**, such as accidents (collision, overturning), theft, vandalism, fire, storm, or flooding. In contrast, **machinery breakdown insurance** focuses on **internal operational damages**, meaning damage that arises from the operation of the machine itself, e.g., due to material, design, or execution defects, short circuits, overload, or failure of measuring, control, or safety devices, without an external event necessarily being the direct cause. For construction equipment, which is exposed to various external risks on construction sites, the all-risk insurance is often the primary choice. The machinery breakdown insurance can be a useful addition, especially for stationary equipment or as a specific building block. nextsure advises you on the optimal combination for your needs.
What is the difference between new-for-old and current value compensation for construction equipment?
A comprehensive machinery insurance policy provides financial protection, but proactive damage prevention is key to minimizing risks and downtime. Implement regular, documented maintenance and inspection cycles in accordance with manufacturers' guidelines for all your machinery. Continuously train your staff in the safe and proper handling of equipment to reduce operational errors. Secure construction sites effectively against theft and vandalism with fencing, lighting, video surveillance, and GPS tracking systems for particularly valuable machinery. Ensure proper securing of equipment when not in use, particularly to protect against weather damage. Careful planning of operations, checking soil conditions, and adhering to safety regulations also contribute significantly to damage prevention. These measures not only protect your investments but can also positively impact your insurance premiums.
