Contractor's equipment from 华体会
Construction businesses rely heavily on their tools and equipment. When they鈥檙e stolen, damaged by vandals, or destroyed by fire, business suffers. In some cases, additional costs may be incurred as a result of repairs or delays. In others, a project may not be completed, damaging reputations and the bottom line. Our contractor鈥檚 equipment policy covers tools and equipment that may be owned, rented, leased, or borrowed鈥攁nd keeps contractors on the job.
Potential eligible customers include:
- Contractors (all types)
- Municipalities
- Manufacturers
- Wholesalers
- Distributors
- Terminal operators
Hanover Marine鈥檚 contractor鈥檚 equipment forms provide broad coverage options for tools and mobile machinery and equipment, including:
- Equipment leased or rented from others
- Equipment leased or rented to others
- Hauling property of others as a carrier for hire
- Installation or rigging property coverage
- Waterborne property
- Replacement cost available for items five years or newer
- Business personal property
- Employee tools and work clothing
- False pretense coverage
- Expediting expense
- Blanket loss payee embedded in the coverage form
At 华体会, we know the value of comprehensive protection. Our Hanover Contractor鈥檚 Equipment Advantage solution protects against the unique risks faced by your clients. Unlock the Hanover advantage.
More options for more businesses
We are a top 10 Marine writer with tailored coverage options for tools and mobile machinery and equipment. Additionally, we have the ability to develop programs for all types of homogeneous groups with similar coverage needs, from start-ups and established programs to small, mid-size and large programs and accounts.
Online quote and issuance
To complement our marine underwriter鈥檚 personal services, our TAP Sales quote-and issue-platform makes it easy to rate and issue contractor's equipment policies in real time and in one easy transaction. And our annual adjustment form reduces the need for endorsements.
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Significant experience
We have marine specialists and portfolio underwriters in local markets, all supported by regional experts.
Risk Solutions experts
In-house risk management consultants located in every region and are well-versed in local, state and federal regulatory guidelines and laws to ensure compliance.
Dedicated claims professionals
Our experienced marine claims staff has a proven record of successful claims handling, including 24-hour claims response and quick turnaround on payments.
Speed and convenience
Quote, bind and issue policies for eligible risks in minutes in TAP sales, with appetite and eligibility information appearing alongside traditional commercial lines products
Potential eligible customers include:
- Contractors (all types)
- Municipalities
- Manufacturers
- Wholesalers
- Distributors
- Terminal operators
Quote and issue online
You have the option to upload equipment schedules, eliminate the need for endorsements with an annual adjustment form, and multiple billing options to fit your client鈥檚 needs.
Contractor's equipment policies that you quote and write on TAP Sales are all backed by our expert underwriters, ready to help with any risks that are complex or outside of the eligibility guidelines below.
- Pre-qualifying questions
- Has the applicant been in business for less than three years?
- Has the applicant declared bankruptcy in the last three years?
If the answer to any of these questions is yes, the risk is ineligible for online entry. Please contact your underwriter.
- Eligibility guidelines
Risks ineligible for TAP Sales include:
- Equipment used for logging, mining, demolition, blasting, recycle, salvage, scrap metal, waste management, landfill
- Agriculture and farming equipment
- Asphalt plants, oil and gas drilling or well servicing operations are not eligible for online quoting. Please contact your marine underwriter.
- Addresses outside of the United States
- Locations in HI or KY
- Available limits
- Maximum limit of $5,000,000 for total equipment schedule.
- Maximum limit of $1,000,000 for any one item.
- Subject to $1,000 minimum earned premium.
- Program features
- Quickly quote, rate, issue and print the policy online
- 20% commission
- Multiple billing options available
- Annual adjustment form reducing the need for endorsements
- Capability to upload equipment schedules reducing the need for excessive data entry
- Coverage enhancements included in the coverage form
- Equipment leased or rented from others
- Equipment leased or rented to others
- Hauling property of others as a carrier for hire
- Installation or rigging property coverage
- Waterborne property
- Replacement cost available for items five years or newer
- Business personal property
- Employee tools and work clothing
- False pretense coverage
- Expediting expense
- Blanket loss payee imbedded in the coverage form
Product resources
Total Hanover solution
Provide clients an account-focused solution by pairing contractor's equipment coverage with our specialized industry offerings:
Resources for you
Contractor's equipment application
Understanding the value of contractor's equipment
5 questions to help you assess inland marine risk
E-delivery for commercial lines
Sign up for training
We offer flexible, instructor-led training options to help you better understand TAP Sales and all of our online systems and capabilities.
Resources for your customers
Hanover Risk Solutions has assembled a range of resources, partner offerings, and education and training to help clients鈥� address their marine risks.
See all of our Risk Solutions resources for marine
Customer tools
Dedicated marine claims professionals
Our claims professionals are solely dedicated to marine claims, including our field adjusters, appraises, administrative, personal and special investigators. As a result of their expertise, we can address your clients claims quickly and accurately with 24/7 claims reporting.
Let's start a conversation today
Contact a member of our team to learn more about our coverage and services.