Inland Marine - Contractor's Equipment

Admitted program focused on protecting contractor's equipment from loss due to theft or damage.

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 - delays to repairing water and sewer lines that keep a city running. Without proper contractor's equipment insurance coverage, clients could find themselves stuck with a wrench in their plans. 

At Amwins Specialty Logistics Underwriters, we know how important it is for construction projects to run smoothly. That's why our inland marine program for contractor's equipment is written on admitted paper and each application is carefully reviewed to ensure no exposures are missed.

 

Target Clients

  • Logistics warehouse operations
  • Street and road contractors
  • Building contractors (residential + commercial)
  • Sewer, water and cable contractors
  • Municipal risks
  • Artisan contractors/specialty trade contractors
  • Paving/grading contractors
  • Excavation contractors
  • Cranes eligible when included in the schedule of equipment with other types of contractor's equipment (no boom or overload exclusion)

 

Coverages

  • Contractor's equipment
  • Additional coverages that can be added to contractor's equipment:
    • Leased or rented FROM/TO others
    • Waterborne coverage
    • Rigger's liability
    • Rental cost reimbursement
    • Continuing rental or lease payments
    • Bailees

 

Why choose ASLU?

  • Coverage on 100% U.S. admitted paper from an A.M. Best "A-XIV" rated carrier, which translates to:
    • No E&S taxes
    • Faster claims handling
    • Government backing to pay claims in case of bankruptcy
  • "Service above all" philosophy. We are committed to building relationships, not just managing transactions, through:
    • Timely responses
    • Expedited quoting, binding and issuance
    • Working in partnership with you to protect your bottom line

Inland Marine Contractor's Equipment Program
Key details

Availability

AL, AK, AZ, DE, FL, GA, HI, IN, ME, MD, MI, MN, MS, MO, NH, NJ, NY, NC, ND, OH, PA, RI, SD, TN, TX, UT, VA, WY, with more to come. 

 

Limits

Up to $10,000,000/any one item not to exceed $2,500,000

 

Minimum premium

$1,000

 

Carrier

  • A.M. Best "X-IV" rated
  • Admitted

 

Submission requirements 

  • Narrative of operations, including equipment maintenance program
  • Equipment schedule (year, model and current value)
  • Five-year loss history and summary of any large loss over $25,000 with corrective action
  • Other information, if necessary, requested upon submission

Ready to get started? Email us. 

 

 

Contact Us

Heather Frain
Vice President, Head of Inland Marine
Amwins Specialty Logistics Underwriters
215.527.2793 heather.frain@amwins.com