Contractor’s Equipment Coverage is not necessary for most investors or builder’s but for those who build or start many projects each year, such as commercial builders, this is an extremely important form of insurance.
Whereas builders risk insurance covers buildings and structures in the course of construction, equipment such as compressors, generators, trailers, cranes, bulldozers, graders, forklifts, mobile tools, etc. are not covered and commercial property policies limit the coverage they provide for contractor’s equipment.
Even self-employed carpenters, who take on smaller jobs such as building decks, patios, screened-in porches, and the like, use tools and equipment that need to be insured. Similar to builder’s risk insurance, contractor’s equipment coverage is an important part of almost any construction project.
The cost of this equipment varies, but larger machinery and equipment can be extremely expensive, with some worth hundreds of thousands of dollars or more. Contractor’s Equipment Insurance provides coverage for damage to mobile equipment, including tools and machinery, used in construction as well as in a variety of other activities. The additional perils of flood and earthquake damage are also often covered in contractor’s equipment policies.
Scurich Insurance is here to he for your Insurance needs.
320 E Lake Ave.
Watsonville, Ca 95076
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