This insurance is a product for investors or organizations undertaking construction projects. LVI Contractors’ Plant and Machinery Insurance protects customers in respect of loss or damage to its construction machinery or equipments.

1.The Insured:

Investors, contractors, lessors of machinery and equipment, the lessee of machinery and equipment.

2. Insured subjects:

Machinery and equipment for construction/installation owned or hired by Contractors such as bulldozers, excavators, crushers, road rollers, cranes, equipment cranes, lifting equipment, pile driver, tamper, etc.

3. Insurance coverage:

LVI will compensate the Insured for loss or damage to the insured machinery caused by the followings:
-    Acts from nature: floods, storms, hurricane, tsunami, lightning, subsidence, landslides, earthquakes, volcanic eruptions.
-    Human activities (on site): fire, explosion, inexperience, carelessness, total loss due to theft.
-    Other causes: falls, flip, drop, collisions and other sudden unexpected accidents during operation or movement in the construction site;
-    Losses occur during its operation or shutting down, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.

In addition, the LVI also expands this insurance to cover for loss to machinery by accident happenning during its transportation from warehouse to construction site or in reverse direction after completion of the project.

4. Note:
-    For details, please contact hotline 1465,
-    Kindly refer insurance coverage following LVI’s Contractor’s Plant and Machinery insurance wording (approved by Ministry of Finance of Lao PDR)

5. How to buy LVI's Insurance:

  - Buy via mobile application: BCEL One, U-Money, LVB DigiBank

  - Call hotline 1465 or Capital 020 23344666, Northern 030 5552205, Southern 020 98717666

  - LVI's offices and agents nationwide

  - LVI's partners: branches nationwide of  BCEL, APB, ACLEDA, LaoVietBank, IndoChinaBank