Commercial Insurance

Equipment Insurance

Equipment insurance provides essential coverage for your business assets, protecting against damages or losses due to accidents, theft, or unexpected events.

Coverage Types

01

Property Damage Coverage

Covers repair or replacement costs for damaged or stolen equipment.

02

Equipment Breakdown Coverage

Protects against repair costs associated with mechanical or electrical equipment failures.

03

Loss of Income Coverage

Offers financial support for lost revenue if equipment failure disrupts business operations.

04

Rental Equipment Coverage

Provides protection for equipment that you rent or lease for business use.

Who Needs Equipment Insurance?

Equipment Insurance is designed for a variety of individuals and organizations. Find out if this coverage is right for you.

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Construction Companies

Businesses that rely on heavy machinery and specialized tools.

Manufacturers

Companies with expensive production equipment and machinery.

Event Planners & Rental Services

Businesses that own or rent specialized equipment for events.

What Affects Your Premium

01

Type and value of equipment

02

Usage patterns and location

03

Coverage limits and deductibles

04

Claims history

Frequently Asked Questions

What types of equipment are covered?

Coverage includes construction machinery, tools, computers, printers, medical equipment, and specialized industry tools.

How does the claims process work?

You file a claim with documentation of the loss. Your insurer assesses the damage and determines compensation based on policy terms.

What are common exclusions?

Wear and tear, intentional damage, equipment used for illegal activities, and damage from lack of proper maintenance are typically excluded.

Is equipment insurance required?

While not legally mandated, it's highly recommended for businesses that rely on expensive equipment.

We compare Equipment rates from leading carriers

ProgressiveTravelersHartfordLiberty MutualSafecoHeritageUniversalNational GeneralNCJUAHagertyHalifax MutualForemostJohnson & JohnsonTower HillSageSureOrion 180OrchidJM WilsonFMCAB

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Our licensed agents will help you find the right equipment coverage at the best rate. No obligation, no hassle.