What Is Contractor’s Equipment Insurance?
Contractor’s equipment insurance provides coverage for the loss or physical damage of contractors’ mobile equipment and machinery. The equipment used in the contracting industry is valuable, and the damage or loss of these assets could deal a significant blow to a company’s well-being.
What Is Covered?
This policy protects machines and equipment against dangers such as fire, flood, theft, and vandalism. Contractors equipment coverage may assist in cleanup after an accident or cover losses that would otherwise impede the progress of the project. Coverage stays with the equipment when it is being moved from one job site to another.