Contractor’s Equipment Insurance

Heavy equipment at a quarry

Contractor’s Equipment Insurance

Contractor’s Equipment insurance for midsize and large businesses is designed to help protect construction equipment, tools and machinery used at jobsites, in transit or in temporary storage.
 
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Heavy equipment at a quarry

What Is Contractor’s Equipment Insurance?

Contractor’s equipment insurance provides coverage for owned, leased, rented or borrowed equipment used in construction and related trades. This coverage may extend beyond large machinery to include smaller tools, employee equipment and certain items in transit.
 

What Does Contractor’s Equipment Insurance Cover?

Contractor’s Equipment is designed to help protect:
 
  • Construction equipment such as loaders, backhoes, excavators and skid steers
  • Power tools and hand tools used on jobsites
  • Equipment stored at a temporary location or in transit
  • Employee-owned tools and work clothing, subject to policy limits
  • Certain unscheduled or miscellaneous tools
A Contractor’s Equipment policy for midsize and large businesses from The Hartford may include coverage for:
 
  • Theft and vandalism
  • Accidental damage
  • Fire
  • Certain weather-related events
  • Losses that occur while equipment is in transit
  • Replacement cost needs
  • Equipment used under written agreements, helping address contractual responsibility for damage or loss

Who Needs Contractor’s Equipment Insurance?

Contractor’s equipment insurance is commonly used by:
 
  • General contractors
  • Specialty and trade contractors
  • Construction firms operating at multiple jobsites
  • Businesses that transport tools or equipment between locations
  • Contractors responsible for high-value or mobile equipment
A construction worker on a jobsite

Why Choose The Hartford?

With more than 200 years of experience, The Hartford offers Contractor’s Equipment insurance backed by specialized inland marine underwriting and claims experience for businesses that participate in the construction industry.
Coverage advantages include:
 
  • Inland marine specialists with experience in Contractor’s Equipment insurance
  • Flexible coverage options
  • Replacement cost coverage for equipment that’s less than five years old
  • Claims specialists who handle claims quickly and efficiently
  • Risk engineering consultants who help reduce the risk of loss to the equipment

Frequently Asked Questions About Contractor’s Equipment Insurance

Contractor’s Equipment insurance is a type of Inland Marine insurance that helps cover construction equipment, tools and machinery against damage or loss while at a jobsite, in transit or in temporary storage.
Contractor’s Equipment insurance may cover owned, leased, rented or borrowed equipment, including tools, machinery and certain employee-owned items. Coverage can apply to equipment at jobsites, in transit or temporarily stored away from a fixed business location, subject to policy terms and limits.
Yes. Contractor’s Equipment insurance is designed to help cover losses caused by theft, as well as other covered causes of loss such as fire, vandalism and accidental damage, depending on policy terms.
Contractor’s Equipment insurance may provide coverage for rented, leased or borrowed equipment under a written agreement. Coverage may also apply to damage to equipment owned by others while it is in the insured’s care, custody or control, subject to policy limits.
Commercial Property insurance typically covers equipment at a fixed business location. Contractor’s Equipment insurance is designed to protect mobile equipment that moves between jobsites, is transported over land or is temporarily stored offsite.
Contractor’s Equipment insurance is commonly used by general contractors, specialty trade contractors and construction businesses that rely on mobile or high-value equipment used across multiple jobsites.

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