Don't leave any aspect of your financial well-being to chance; protect yourself with the right insurance coverage for all your needs.
Inland Marine Insurance for Contractors
Protect Your Tools & Equipment Wherever the Job Takes You
Your tools and equipment don't stay at the shop—and your insurance coverage shouldn't either.
Inland Marine Insurance, often referred to as a Contractor's Equipment Floater, helps protect your valuable tools, equipment, machinery, and materials while they're being transported, stored off-site, or used at temporary job sites.
Whether your equipment is in your work truck, trailer, storage location, or at a construction site, Inland Marine Insurance can help protect your business from costly losses.
What Does Inland Marine Insurance Cover?
Standard commercial property insurance is generally designed primarily for property at scheduled or covered business locations. Contractors, however, regularly move expensive tools and equipment from one job site to another.
Inland Marine Insurance can help fill this coverage gap by protecting mobile property and equipment away from your primary business location.
Coverage may include:
Hand and power tools
Contractor tools and equipment
Heavy machinery
Generators and compressors
Skid steers and mini excavators
Job-site equipment
Equipment stored in work trucks or trailers
Construction materials
Equipment being transported between job sites
Rented or leased equipment, when included in the policy
Why Contractors Need Inland Marine Insurance
Contractors depend on their tools and equipment every day. A theft, accident, fire, or other covered loss can do more than damage your property—it can delay projects and disrupt your business.
Inland Marine Insurance can provide protection for equipment that is:
In Transit
Coverage can help protect tools, equipment, and materials while they're being transported from one location or job site to another.
At the Job Site
Your equipment can be protected while temporarily located at construction sites and other locations away from your primary business premises.
Stored Off-Site
Coverage may apply to insured equipment temporarily stored in trailers, storage locations, or other covered locations.
Mobile Equipment
Contractor equipment that regularly moves between projects can be insured against covered losses such as theft or physical damage.
Protect the Equipment That Keeps Your Business Moving
From power tools and generators to trailers and heavy construction equipment, replacing stolen or damaged equipment can become expensive quickly.
EveryTrade Insurance helps contractors find Inland Marine coverage designed around the equipment they actually use.
Protect your tools. Protect your equipment. Protect your business.
Get a Free Inland Marine Insurance Quote
Tell us about your business and equipment, and we'll help you find the right coverage.
A contractor might start a project but fail to complete it due to some reasons.
Solution
Surety bonds can be taken to guarantee that an insurance company will reimburse your client when your business fails to complete a project or fulfill a contract.
License/permit requirements coverage
Risk Factors
You may need a valid license or permit to apply for a particular project which can only be taken you get your license.
Solution
If you have surety bonds, you can get your license/permit on its security.
Failure to meet standards/regulations coverage
Risk Factors
A contractor might get booked for not meeting the standards of his work as promised.
Solution
Surety bonds can be taken to guarantee that an insurance company will reimburse your client when your business fails to meet its standards.
Employee theft coverage
Risk Factors
You may suffer a loss if any of your workers/employees steal anything on the construction site.
Solution
Surety bonds can be taken to reimburse the loss when your employee does something like this while at work.
Workers compensation coverage
Risk Factors
Your employees can get injured while working at your office premises, and you would be liable to pay for their medical expenses.
Solution
This coverage provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his right to sue his employer for the incident.
