A term that is defined in both the commercial general liability (CGL) and
commercial auto policies. It refers to equipment such as earthmovers, tractors,
diggers, farm machinery, forklifts, etc., that, even when self-propelled, are
not considered automobiles for insurance purposes (unless they are subject
to a compulsory or financial responsibility law or other motor vehicle insurance
law). Liability arising from mobile equipment is covered in the general liability
policy. Physical damage coverage is usually provided by an "equipment floater."
See also Auto.
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