Equipment Coverage

A Contractor’s Equipment Insurance policy covers equipment and tools typically used by contractors to complete a project. This type of coverage is important not only for contractors, but any business that owns valuable machinery and equipment that moves around. Contractor’s equipment coverage is meant to fill the gaps in commercial property and business auto policies. Whereas a business’s personal property can be covered under a commercial property policy, these typically exclude coverage for property that moves from location to location. Similarly, a business auto policy typically excludes coverage for equipment that is moved from site to site. The equipment that is commonly covered under a contractor’s equipment policy includes cranes, diggers, backhoes, excavators, bulldozers, forklifts, pavers, etc.