Product Update

Contractors Equipment Insurance and Coverage Checklists Updated in Construction Risk Management

Contractors equipment insurance covers the large items of mobile equipment that are used by contractors in construction projects. Contractors equipment policies are inland marine insurance policies that are tailored to address the mobile nature of this property and the unique hazards to which it is exposed. This release of Construction Risk Management outlines key coverage provisions, explains how policies might vary in their approach to these provisions, and provides sample language to demonstrate favorable and less favorable approaches.

Checklists are an excellent tool for ensuring coverage needs are not overlooked. This release provides updated builders risk and contractors equipment checklists that incorporate changes in the recently revised discussions of those coverages.

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