Inland Marine - Contractor's Equipment
Inland Marine - Contractor's Equipment
When it comes to construction projects, time = money.
Just one broken or missing piece of equipment could mean a lost day's work, or worse, costly project delays. Without proper contractor's equipment insurance, clients could find themselves stuck with a wrench in their plans.
Trust Amwins Program Underwriters to protect your valuable equipment from theft, damage, and downtime with APU's Contractors' Equipment insurance program. Coverage is available to a variety of construction risks nationwide, backed by our AM Best "A+" (Superior) rated carrier.
Target classes of business
- Cranes
- Equipment used in iron steel, concrete panel, prefabricated building erection
- Riggers
- Millwright
- Commercial construction equipment rental
- Street and road contractors’ equipment
- Equipment & tools used by artisan/specialty trade contractors
- Equipment used by paving and grading contractors
- Concrete pumpers
- Equipment & tools used by sewer, water, and cable contractors
- Equipment sales & rental
Undesirable classes of business
- Underground operations (excluding sewer, water, and cable contractors)
- Surface and underground mining operations
- Petroleum/oil refining equipment
- Forestry and logging operations
- Energy offshore operations
- Loss ratio above 45% (unless detailed corrective action can be provided)
Coverages + limits
Higher limits may be available in some situations.
| Limits | CAT limits | |
| Contractors' Equipment | $2.5M any one item | $10M |
| Leased/Rented/Borrowed FROM/TO Others | $2.5M any one item | $10M |
| Misc. Tools and Equipment | $10M any one item | $250,000 total |
| Rental Reimbursement | $1,000 per day | $25,000 limit |
| Waterborne | $2.5M limit | |
| Schedule Property Floater | $1M limit | |
| Rigger's Liability | $1M limit | |
| Continuing Rental or Lease Payment | $50,000 limit | |
| Motor Truck Cargo/Transit | $1M limit | |
| Equipment Sales and Rental | $2.5M any one item | $10M |
| Electronic Data Protection (EDP) | $50,000 |
Sentry Specialty, a member of Sentry Insurance Group (Sentry), writes non-admitted business through Point Excess and Surplus Insurance Company and admitted business through Point Specialty Insurance Company. Sentry has been rated A+ (superior) by AM Best since 1992* and is a fortune 1000 company. *Sentry has an AM Best Financial Strength Rating (FSR) of A+ (superior), current as of June 2025. See ambest.com/ratings/guide.pdf for rating information.
Program Details
Availability
All 50 U.S. states
Carrier
- AM Best Rated "A+" (Superior)
- Non-admitted
Minimum premium
$1,000
Amwins in the news:
Heather Frain shares her perspective on why contractors should factor inflation into their equipment valuations in an interview with Insurance Business America.
Items to be aware of to ensure proper inland marine insurance coverage:
- Are your clients correctly valuing their equipment on the equipment schedules?
- Does your client have actual cash value coverage or replacement cost coverage?
- Is your client aware of the different ways they can receive equipment valuations?
In addition, contractors should be proactive and diligent when maintaining and operating equipment. Failure to do so can open the door to theft, fire, and operator error claims which can impact the cost of the inland marine insurance policy.
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