Allwood Forlenza Insurance Agency

For many contractors, equipment is one of the most valuable parts of the business. That is why it is essential to understand how that equipment is protected as it moves from one jobsite to another.

Equipment floater insurance is a specialized form of inland marine coverage that focuses specifically on contractor-owned equipment.

This includes items such as excavators, loaders, generators, and other machinery that regularly travel between job sites.

Because these assets are both valuable and exposed to a range of risks, equipment floater policies are designed to cover losses from events like theft, vandalism, fire, and certain weather-related damage. This ensures that critical equipment can be repaired or replaced quickly, helping to minimize downtime and project delays.

The right approach often depends on the types of contractor-owned equipment your business relies on, how frequently those assets are transported, and the exposures they face throughout day-to-day operations.

If you would like to discuss whether your current policy provides the right level of protection for your equipment, feel free to reach out.

When a contract requires one party to add another party to their liability policy, that doesn’t mean broad protection automatically applies. In reality, additional insured status is more specific than that, which is why it is important to understand what this endorsement is designed to do.

Swipe to learn what an additional insured endorsement is and how it generally works.

If you need help reviewing a contract requirement or understanding how additional insured status may apply under your policy, contact our office.