Contractor's Equipment Insurance

King Street Agency has years of experience with this risk. We understand the unique requirements of construction projects and can help you find the best policy for your needs. Call today!

Contractor’s Equipment Insurance

Contractor’s equipment insurance covers job-related equipment and tools used at construction job sites. Coverage is often considered a “floater” policy, as it follows the equipment from one job to the next, even providing coverage while in transit.

Coverage is generally provided for the actual cash value of the equipment, so anything with a value over $1000 should be listed on the policy. Tools and equipment with a value of less than $1000 can be grouped together under an unscheduled tools and equipment rider. The value of each piece of equipment is generally determined by the fair market value of the item with similar wear and tear.

Although the coverage is referred to as contractor’s equipment insurance, its value is not limited to contractors.

Businesses that should consider this type of coverage include:

  • Electricians
  • Roofers
  • Carpenters
  • Snow removal companies
  • Trash removal companies
  • Mining operations
  • Farms
  • Builders
  • Landscapers
  • Loggers
  • Plumbers

Coverage can be expanded to include rental equipment that is under your control. With so many variables to consider, you need an local, independent insurance agency you can trust. King Street Agency has been helping businesses in the Charleston area and across the Palmetto State protect their assets for well over a decade. We are standing by to help design a policy that can meet your needs at the best possible rate.

Call us today for more information, or request a quick contractor’s equipment insurance quote.