Protect Your Assets - Protect Your Construction Equipment, And Your Business...
Construction equipment insurance is perhaps the last thing on many an individuals; mind, but for those sorry few that have been left stranded due to failing to commit to a construction equipment insurance company and then proceeded to suffer the consequences will probable agree that fro any self-respecting plant or construction site owner, insurance is ease of mind guaranteed.
The Kehrer Brothers are the favourite choice of many a construction foreman, as they are market leaders in their field, producing results and ease of mind.
Construction equipment insurance falls within the largest class, in terms of premium volume, of commercial inland marine insurance. The equipment insured engaged in building construction projects purchases builders risk insurance to cover buildings and structures in the course of construction, and commercial auto insurance to cover damage to his/her automobiles and trucks.
However, equipment such as bulldozers, forklifts, mobile tools, etc., is not covered by auto insurance because the equipment is not designed or licensed for road use. Nor is it covered by builders risk insurance. Furthermore, commercial property policies are limited in the coverage they provide for contractors equipment, as will be explained shortly.
Like builders risk insurance, contractors equipment coverage is an integral part of any construction project. The cost of this equipment varies, but larger machinery and equipment can be extremely expensive, with some worth hundreds of thousands of dollars or more.
Construction equipment insurance provides coverage for damage to mobile equipment, including tools and machinery, used in construction as well as in a variety of other activities. Builders risk policies do not cover such equipment, unless it is intended to be made a part of the building or structure.
Contractors, however, are not the only ones who need this insurance. Cities and towns that use mobile equipment for road maintenance and snow removal, as well as companies involved in landscaping, logging, or mining operations need insurance to protect their equipment and machinery.
Even self-employed carpenters, who take on smaller jobs such as building decks, patios, screened-in porches, and the like, use tools and equipment that need to be insured. These smaller contractors might purchase a small tools form or an AAIS Artisans policy, the latter providing contractors equipment coverage as an option.
Contractors equipment coverage is not restricted to a location, so it applies at job sites, other locations, and while in transit. The perils of flood and earthquake are often covered in contractors equipment forms.
