Plant and machinery is classed as an asset and is used by a business to carry out work. Plant refers to machinery, equipment and apparatus used in industrial companies. Machinery has working and moving parts and is most often found in the construction sector. However, computers and other digital products are also considered machinery. Basically, if a machine has working parts, it is considered machinery.
Examples of Machinery include:
- Mini Diggers
Plant and machinery equipment is very expensive to purchase new and it is quite common to buy this equipment used. When considering any purchase of a used piece of equipment, check for previous inspection records. If they are not immediately available, ask to see them prior to purchase.
All machinery should be kept and maintained in proper working order. Each piece of machinery should be inspected on a regular basis and have the proper Certificate of Compliance. You can extend the life of your machinery significantly by having it routinely inspected. Safe Plant Certification provide quality inspections of plant and machinery equipment along with certifications for many types of machinery. For a detailed list, click here.
For instance, the GA1 Certification includes forklifts, dumptrucks, excavators and other types of machinery and it is valid for 12-months from date of issue.
Prior to renewing your equipment insurance, ensure that all you equipment has been inspected and has been issued with the proper certificates of compliance. For plant and machinery inspections and certifications, contact us.