Contractors Equipment Insurance

Contractors’ equipment insurance is an insurance policy that covers specific equipment and tools owned or in possession of a contractor. It provides protection for tools and equipment against perils like fire, theft, vandalism, and flood, among others. mong the equipment covered is mobile equipment or those that a contractor carries from one location to another. Other covered equipment include but are not limited to the following: earthmovers, cranes, bulldozers, forklifts, power shovels, hand tools, draglines, generators, compressors, and concrete mixers. A contractor may also insure equipment in their control, possession and care, even if another contractor owns it.