{"id":8603,"date":"2025-10-16T16:40:47","date_gmt":"2025-10-16T09:40:47","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=8603"},"modified":"2025-10-16T16:40:47","modified_gmt":"2025-10-16T09:40:47","slug":"lebih-murah-dibanding-risikonya-begini-menghitung-simulasi-premi-asuransi-cpm","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/lebih-murah-dibanding-risikonya-begini-menghitung-simulasi-premi-asuransi-cpm\/","title":{"rendered":"More Cheaper Than the Risk! Here’s How to Calculate CPM Insurance Premiums"},"content":{"rendered":"

Many contractors still think, “Oh, heavy equipment insurance is expensive. I’ll just move on to the next project.”<\/span>
\n<\/span>In fact, if you want to calculate using simple logic, the CPM insurance premium is only a tiny fraction compared to the risks you bear every day in the field.<\/span><\/p>\n

Just imagine, you own an excavator worth Rp1.5 billion. If it rolls over, catches fire, or is severely damaged by flooding, the repair costs could reach hundreds of millions. But if you buy <\/span>CPM insurance<\/span><\/a>, you only need to pay around IDR 10\u201312 million per year for full protection.<\/span><\/p>\n

It’s really cheap compared to the losses, right?<\/span><\/p>\n

The problem is, many contractors only think about the premium price, but forget that what is far more important is who accompanies you during a claim.<\/span><\/p>\n

Well, this is the difference between buying insurance through a broker like L&G Insurance Broker compared to an agent or directly from an insurance company.<\/span>
\n<\/span>A broker doesn’t just sell policies. They stand on your side, representing your interests from the time the policy is issued until the claim is paid.<\/span><\/p>\n

If you buy through an agent, they’ll only help you in the beginning. But when a claim arises, you’re usually on your own.<\/span>
\n<\/span>Meanwhile, brokers like L&G have a team of experts who understand the technical aspects of policies, how to process claims, and can negotiate directly with insurance companies to ensure your claim is approved quickly and in full.<\/span><\/p>\n

Want to know how much your heavy equipment premium will be if insured?<\/span><\/p>\n

Just have a free consultation with the team <\/span>L&G Insurance Broker<\/span><\/a> on WhatsApp <\/span>08118507773<\/span><\/a> or email to halo@lngrisk.co.id<\/span><\/p>\n

We help calculate the most efficient CPM insurance premium and the most complete guarantee for your heavy equipment.<\/span><\/p>\n

What is CPM Insurance and Why Do Contractors Need It?<\/b><\/h3>\n

Contractor\u2019s Plant & Machinery (CPM) insurance is a type of policy that protects heavy equipment from physical damage due to accidents, fire, theft, or natural disasters.<\/span>
\n<\/span>This policy is very suitable for contractor companies, equipment renters, and project owners who use heavy equipment such as excavators, bulldozers, cranes, graders, dump trucks, and the like.<\/span><\/p>\n

With CPM insurance, you can sleep easier knowing that if something bad happens in the field, your equipment is covered by insurance.<\/span><\/p>\n

Without CPM, you bear all the risks yourself. And even a single piece of heavy equipment failure can immediately disrupt a project’s cash flow.<\/span><\/p>\n

Factors Affecting the Amount of CPM Insurance Premiums<\/b><\/h3>\n

Before you look at the number simulation, it’s important to first know what determines the size of the CPM insurance premium:<\/span><\/p>\n

    \n
  1. The value of heavy equipment \u2013 \u200b\u200bthe more expensive the equipment, the higher the premium because the risk of claims is also greater.<\/span><\/li>\n
  2. Types of equipment and their use \u2013 equipment that works in difficult terrain such as mines or swamps has a higher risk than in ordinary project areas.<\/span><\/li>\n
  3. Project location \u2013 areas prone to flooding, landslides, or far from major cities can cause premiums to increase slightly.<\/span><\/li>\n
  4. Age of heavy equipment \u2013 \u200b\u200bolder equipment (more than 10 years) is usually considered to be at greater risk of damage.<\/span><\/li>\n
  5. Company claims history \u2013 if you make frequent claims, insurance companies may assess your risk as higher.<\/span><\/li>\n<\/ol>\n

    In general, the CPM insurance premium rate in Indonesia ranges from 0.5% to 1% per year.<\/span>
    \n<\/span>For the example below, we use a rate of 0.75%, with an additional policy fee of Rp100,000, stamp duty of Rp12,000, and other administrative fees of Rp15,000.<\/span><\/p>\n

     <\/p>\n

    Simulation of Calculating CPM Insurance Premiums<\/b><\/h3>\n

    Example 1: Excavator worth Rp. 1 billion<\/b><\/h4>\n

    The calculation is like this:<\/span><\/p>\n