Contractors’ equipment
Consider coverage for eligible owned or leased tools and machinery used at jobsites, subject to the selected form, limits, and valuation terms.
Tools, machinery, materials and other business property may travel between your shop, a storage site and a job location. Inland marine coverage can be designed for eligible property away from your premises, including certain items in transit or temporarily stored.
Request a coverage reviewCall 800-310-2743“Inland marine” is a broad commercial property category. Depending on the form, it may insure movable property, specialized equipment, goods in transit, property held by others, or materials at temporary locations. For Broward contractors, the conversation often centers on equipment and job materials that move from one place to another.
Coverage is defined by the policy and schedule. A business owners policy or commercial property policy may already cover some property or limited off-premises exposures, so it is useful to compare existing terms before adding coverage.
Consider coverage for eligible owned or leased tools and machinery used at jobsites, subject to the selected form, limits, and valuation terms.
Ask how building materials, supplies, or equipment are treated while being transported, loaded, unloaded, or temporarily stored.
An installation floater may be available for covered materials being installed, including eligible property in transit or at temporary locations.
A coverage review may be helpful if your business regularly moves valuable property away from a fixed location or depends on equipment at multiple worksites.
Coverage availability depends on the business, property, loss history, protective safeguards, and insurer underwriting. We can help identify the exposure and request options from available markets.
Item descriptions, serial numbers, purchase dates, replacement values, and ownership or lease status.
Typical routes, storage locations, jobsite use, transport methods, and how often equipment leaves the premises.
Vehicle security, equipment tracking, locked storage, alarm measures, and written procedures for checkout and return.
Also gather current policy declarations, any lender or contract insurance requirements, and recent loss details. A complete submission can help insurers evaluate the exposure.
Start a quote requestTalk with our teamNo. Inland marine generally addresses certain property exposures on land, such as eligible property in transit, movable equipment, or property at temporary locations. Ocean marine addresses exposures related to waterborne transportation and vessels.
Some inland marine forms can insure eligible contractors’ tools or equipment, but coverage depends on the policy wording, listed property, limits, deductible, and exclusions. Small tools may have specific sublimits or conditions.
Some forms include eligible materials while in transit and may include temporary storage. Confirm covered property, territory, transit conditions, valuation, and any limits with the actual policy.
Possibly. A business owners policy or commercial property policy may include some off-premises protection. The covered causes of loss, locations, and limits can differ, so compare the policy documents before deciding whether another form is needed.
Not necessarily. Builders risk typically addresses covered property associated with a construction or renovation project. Inland marine may address eligible movable equipment or other property exposures. Review both policies together to understand scope and avoid gaps or unintended duplication.
Insurers may consider the types and values of property, where and how it is used, transit and storage practices, security measures, claims history, selected limits and deductibles, and other underwriting factors.
Options may be available, but coverage differs for property you own, lease, rent, borrow, or hold for someone else. Identify each relationship and any contract requirements so the submission can be evaluated accurately.
Use our quote request page or call 800-310-2743. Have your equipment schedule and current insurance information ready if available.
Let’s discuss the property your business moves, where it is used, and what your current policies already provide.
Request a quoteCall 800-310-2743Coverage descriptions are general information only. Insurance is subject to underwriting, policy terms, conditions, limitations, and exclusions. A quote or coverage review does not bind coverage.
Additional information: Insurance Information Institute: Understanding Inland Marine Insurance · Travelers: Contractors’ Equipment