Tools and equipment are prime targets for theft at job sites, trucks, and storage units. Standard property or auto policies usually exclude them. Inland Marine coverage (contractors equipment coverage) protects tools wherever they go. Examples include stolen saws from a truck bed or lost equipment during transport. Coverage ensures tradesmen can get back to work quickly without large financial hits.
Inland Marine (Contractors Equipment) coverage fills that gap. Despite the confusing name, it protects tools, machinery, and equipment wherever they go. It covers:
- Theft from job sites or vehicles
- Accidental damage during transport
- Vandalism or weather-related loss
If your crew’s saws are stolen from the back of a truck or a compressor is damaged while moving between job sites, this coverage steps in to cover replacement costs — getting you back to work fast.
Stay Tuned For Other Great Reads In This Month’s Newsletter
- Commercial Auto: What’s Really Covered vs. Personal Auto Policies
- Fire Safety for Business Owners: Prevention & Insurance Gaps
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