Contractors' Equipment
Contractors’ Equipment covers scheduled mobile construction equipment.
Highlights:
- Various coinsurance options
- Automatic coverage for newly acquired equipment
- Many available options:
- Leased or rented equipment
- Small tools endorsement
- Replacement cost up to six years
- Trailers and spare parts endorsement
- Blanket equipment coverage is available
- Flood and earthquake
Examples of Desirable Risks:
- Street and road contractors
- Municipalities
- Accounts with good maintenance and good operator selection/training procedures
- Trade contractors
Low Desirability:
- Above and below ground mining equipment
- Oil and gas well drillers and operators
- Pile driving
- Dam or lock construction equipment
- Logging
- Asphalt plants
- Cranes
Minimum Required Information:
- Complete description of insured’s operations including years in business
- Schedule of covered equipment including manufacturer, model, year of manufacture, and serial number
- Three years loss history
Contact us at:
Indiana Insurance member underwriting companies: (Not all companies may be licensed in all states.) American Economy Insurance Company, American States Insurance Company, American Fire and Casualty Company, American States Preferred Insurance Company, Consolidated Insurance Company, First National Insurance Company of America, General Insurance Company of America, Hawkeye-Security Insurance Company, Indiana Insurance Company, The Midwestern Indemnity Company, The Netherlands Insurance Company, The Ohio Casualty Insurance Company, Ohio Security Insurance Company, Peerless Indemnity Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America, Safeco Insurance Company of Illinois, Safeco Insurance Company of Indiana, Safeco National Insurance Company, and West American Insurance Company.