Is a trailer covered automatically?
Not necessarily. The trailer itself and the tools inside it can involve different coverage sections.
Contractors Equipment & Inland Marine Insurance
Contractor property rarely stays in one building. Tools, generators, lifts, welders, skid steers and rented equipment may move among yards, vehicles and job sites, which is exactly why property coverage needs to follow the exposure.
Serving Utah and all 50 states. We help contractors and specialty trades across Utah, including Logan, Salt Lake County, Utah County and St. George, and we write commercial insurance for clients in all 50 states. We look at how your locations, people, property and contracts actually affect the coverage you need. Request a quote and we'll review your current program with you.
What to Review
Contractor insurance starts with the work—not a generic class description.
Project type, job-site conditions, subcontracting, contracts, fleet, equipment and completed work can all change the insurance conversation.
Mobile propertyStandard building-based property coverage may not follow equipment to every job site.
Leased & rented equipmentContracts may make the contractor responsible for equipment it does not own.
ValuationActual cash value versus replacement cost can materially change recovery after a loss.
TheftJob-site and vehicle theft controls can affect both underwriting and claims.
Installing materials or equipment that will become part of a project? See how installation floater coverage differs from insurance for tools and movable contractor equipment.
Common Questions
Questions worth answering before renewal.
What about rented equipment?
Rented-equipment responsibility should be coordinated with rental agreements and policy limits.
Do we need a schedule of equipment?
Often for higher-value items. Blanket and scheduled approaches each have tradeoffs.
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Learn more →Coverage Details
How contractors equipment coverage works for Utah contractors
Contractors equipment coverage, part of inland marine insurance, protects mobile equipment and tools that move between jobsites, such as excavators, loaders, compact equipment, generators and hand tools. A standard commercial property policy is built around fixed locations, so equipment that travels usually needs its own coverage.
Key decisions include whether to schedule individual items or use a blanket limit, how equipment is valued (actual cash value or replacement cost), coverage for leased or rented equipment, and rental reimbursement while a damaged machine is out of service.
Frequently asked questions
What is the difference between contractors equipment and inland marine?
Inland marine is the broader category for property that moves or is in transit. Contractors equipment is one inland marine form focused on mobile equipment and tools.
Does contractors equipment cover rented or leased equipment?
It can. Many policies offer coverage for equipment you rent or lease from others, often with a separate limit, and rental agreements frequently require it.
Is theft from a jobsite covered?
Theft is commonly a covered cause of loss, but some forms include conditions or higher deductibles for theft. Review those terms with your broker.
Should I schedule equipment or use a blanket limit?
Higher-value machines are often scheduled individually, while smaller tools may be covered on a blanket or unscheduled basis. Many contractors use a combination.
Related pages: Construction & Specialty Trades · Installation Floater Coverage · Excavation & Site Work Insurance · Commercial Auto for Contractors · Builders Risk
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