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 - 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 Program 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.
More information coming in early 2025.
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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