Contractors Insurance No Comments

Why You Should Have a Contractor’s Equipment Insurance Policy

Next to workers, a contractor crew’s tools and equipment are the most important component of their business. They are the lifeblood of the company; if something happened to them all at once the business would have to halt while they spent the cash to replace everything.

While a catastrophic disaster that wipes out all of your tools is unlikely, a single piece of equipment worth tens of thousands of dollars getting broken happens all the time. These incidents can be ruinous to a business if they occur during a financially vulnerable period, such as when materials have just been purchased and reimbursement is weeks down the road.

To prevent having your business grind to a halt while you scrounge up money to replace valuable equipment, have it protected with a contractor’s equipment insurance policy. These policies cover tools and heavy equipment that other policies will not cover. Any business that has invested thousands of dollars in their equipment should protect that equipment and their entire livelihood with a contractor’s insurance policy.

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wpengine No Comments

Business Auto Policy: What Do You Mean That’s an Auto? 

When we think of vehicles covered under the Business Auto Policy, we think of cars, pickup trucks, vans, even tractors and trailers. But what about a wheel loader? Surely, that’s not an auto! That’s mobile equipment, and bodily injury or property damage it causes is covered by the Commercial General Liability Policy, isn’t it? Maybe.

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