Look at any construction site and you’ll see valuable, expensive mobile equipment used to break ground and complete the project. All this equipment needs insurance protection in the event it’s damaged. What you’ll find, however, is that commercial property policies and business auto policies usually limit coverage for equipment in transit or stored away from the premises named on the policy.
At Evans, Pires, & Leonard, we offer contractors equipment insurance to cover damage to mobile equipment, tools and machinery – from bulldozers, power shovels, loaders, graders, backhoes, and forklifts to pavers, cranes, compressors, pumps and numerous other items that are mobile. Some self-propelled pieces can also be insured if they are not primarily designed for road travel. As coverage isn’t restricted by where you are, your insurance travels with your equipment.
Contractors Equipment policies can be written for contractors, municipalities, manufacturers, wholesalers, retailers or any other type of commercial risk owning mobile machinery and equipment. Covered equipment may be owned, rented, leased or borrowed from others.
Mobile equipment is usually insured against risks such as storm damage, theft, rolling, collisions, falling objects and vandalism, to name just some. Depending on your policy, you may also receive coverage for debris removal, cleanup of fuel spills or other pollutants emanating from your equipment, and the cost of a rented replacement piece of equipment, among others.