Machine and attachments
Damage to the excavator or loader plus buckets, hammers and quick hitches, scheduled by value.
Hitachi Construction Equipment Insurance
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Hitachi Construction Equipment Insurance
Cover for Hitachi excavators, loaders and mining machines in Australia.
Hitachi plant in Australia splits into two very different worlds. Zaxis excavators on civil and residential sites, where theft, float transport and service strikes drive the claims, and large mining excavators and rigid haulers on production sites, where a single machine can be worth more than a small contractor's entire fleet. The cover conversation is not the same for both.
What is it?
Hitachi Construction Machinery builds the Zaxis excavator range from compact machines up to large mining excavators, along with wheel loaders and the EH series rigid dump trucks, supported in this market through Hitachi Construction Machinery Australia. Machines commonly carry the maker's telematics. Buckets, hammers, grabs and quick hitches are usually scheduled separately from the base machine.
What does hitachi construction equipment insurance cover?
Transport between sites
Damage during float loading, transport and unloading, a frequent smaller-machine claim.
Mine site requirements
Production machines on mine sites, where the principal's contract usually sets the cover required.
What affects the cost?
- Machine size, value and hours
- Civil, quarry or mining application
- Number of site relocations each year
- Overnight site security
- Operator ticketing and site inductions
Worth raising on the call
- Compact Zaxis machines are portable enough to be a theft target when left on site overnight.
- Large mining machines usually need values reviewed each renewal as replacement costs move.
- Attachment schedules are the most common gap found on Hitachi excavator fleets.
Claims we are commonly asked about
Mini excavator and trailer gone
A five tonne Zaxis left on a residential job with its plant trailer is taken overnight, trailer and all. Insurers generally look at what was declared about overnight storage, and whether tracking or an immobiliser was fitted and switched on at the time.
Machine slides off the float ramps
A Zaxis 130 slides sideways coming off a low loader onto a wet, cambered verge and drops onto the track frame and boom. Loading and unloading damage is one of the most frequent claims on machines that move sites regularly.
Hydraulic pump failure on a production machine
A large production excavator loses a main hydraulic pump partway through a campaign and stops the loading fleet behind it. That is generally a machinery breakdown loss rather than accidental damage, and lead times on major components can extend the downtime considerably.
Worth confirming in the wording
- Worth confirming whether buckets, hammers, grabs and quick hitches are individually scheduled, and whether theft of an attachment left detached on site overnight is covered.
- Worth confirming whether damage during float loading, transport and unloading is covered by your policy, and whether the transport operator's carriers liability is expected to respond first and to what limit.
- Worth confirming whether the insured values for large machines reflect current landed replacement cost and component lead times rather than the price originally paid.
Common questions
Are compact excavators harder to insure than large machines?
They are not necessarily harder, but they are rated differently, because a compact machine on a residential site carries a much higher theft exposure while a large production machine carries a much higher single value exposure. Insurers commonly ask about overnight storage and immobilisers for compact plant. Both ends of the range can be placed, but the questions asked are different.
Does telematics reduce my premium?
Telematics and tracking are generally viewed favourably because they support recovery after a theft and give evidence about how a machine was operated, but no discount can be promised in advance. Some insurers factor it into terms, others treat it as one input among many. It is worth declaring what is fitted and active, since undeclared features cannot be taken into account.
What does Hitachi equipment insurance cost?
It depends on the machines and the application, and a figure before underwriting would be a guess. Machine size, value and hours, whether the work is civil, quarry or mining, the number of site relocations each year, overnight site security, operator ticketing and inductions, and claims history are the main drivers. Whether attachments and breakdown cover are included also changes it.
Do I need to tell my insurer before a machine goes onto a mine site?
Yes. Moving a machine from civil work onto a mine or resources site is generally a material change to the risk that insurers expect to be told about. Mine sites also usually impose their own insurance requirements through the contract, including higher liability limits and interested party notations. Raising it before mobilisation avoids both a coverage argument and a contract breach.
General information only. Cover, limits and exclusions depend on the PDS, TMD, eligibility, underwriting and the policy terms. See mobile plant machinery insurance for the wider picture.
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