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.
Amwins Program Underwriters offers robust Inland Marine solutions for Contractors' Equipment, including storage and transportation risks worldwide and flexible project cargo. We understand the operational realities of this niche, allowing us to underwrite inland marine policies for a variety of construction risks nationwide.
In collaboration with our carrier partners, APU's specialists have built a solution that fills all your contractor clients' needs. We'll work with you to protect your clients' operational equipment from theft, damage and downtime during installation, testing, maintenance, commissioning and decommissioning.
Program highlights
- Project cargo can be added for hard-to-place projects
- Contractors’ equipment, including cranes and concrete pumpers
- Rigging, lifting and hoisting exposures that may be hazardous or high value
- Primary & excess coverage
- Admitted + non-admitted availability
- Available for risks domiciled in the US and worldwide*
Target classes of business
Cranes & specialty rigging contractors
- Equipment used in iron steel, concrete panel, prefabricated building erection
- 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
- Project cargo - download brochure
Coverages + limits
Higher limits may be available in some situations.
- Inland marine: up to $25,000,000 per occurrence / $10,000,000 any one item
- Project cargo: up to $300,000,000
Download Brochure
Program Details
Availability
Available in all 50 U.S. states for risks domiciled in the US and worldwide
Carriers
- AM Best Rated "A+" (Superior)
- Admitted and non-admitted options
Proud partner of the Specialized Carriers & Rigging Association for more than 10 years.
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.
Contact Us
Overviews & Appetite
Resources + articles
Stay up-to-date on emerging industry trends and topics.
