Contractors Equipment Insurance

Coverage typically extends to a wide range of equipment including excavators, bulldozers, cranes, forklifts, generators, compressors, and smaller hand and power tools. Both owned and rented or leased equipment can often be covered, depending on how your policy is structured.

es, one of the key advantages of Contractors Equipment Insurance is that coverage follows your equipment wherever it goes — including while it is being transported between job sites, loaded on a trailer, or temporarily stored off-site. This sets it apart from standard commercial property insurance, which is typically limited to a fixed business location.

While coverage is broad, most policies exclude normal wear and tear, mechanical or electrical breakdown, and equipment that is being operated on public roads, which would fall under a commercial auto policy. Losses resulting from operator negligence or improper maintenance may also be excluded depending on your insurer.

The cost of coverage varies depending on factors such as the total value of your equipment, the type of work you do, your claims history, and the coverage limits and deductibles you choose. Speaking with a qualified insurance broker is the best way to get an accurate quote tailored to your specific needs.

Yes. General Liability Insurance protects against third-party bodily injury and property damage claims, but it does not cover damage to or loss of your own equipment. Contractors Equipment Insurance fills that gap by protecting your physical assets, which are often among the most valuable investments in your business.