Contractors’ Equipment Insurance

Contractors equipment insurance is specialized property coverage for mobile machinery, tools, and equipment (excluding hand tools) used in industries like construction, landscaping, and skilled trades when moving between jobs. It provides financial protection for valuable assets like bulldozers, excavators, forklifts, and compressors against a variety of exposures such as theft, vandalism, accidents, and damage caused by fire, floods and more. 

Unlike a commercial property policy that excludes coverage for moving tools or machinery from site to site, contractors equipment insurance bridges this gap. This dedicated policy protects your mobile equipment and tools wherever the job takes you — even if they’re damaged while in transit. You can focus on the job, knowing your assets are covered against damage and loss, even when you’re on the move.

While property insurance covers fixed assets and auto insurance covers road-registered vehicles, contractors equipment insurance is tailored for movable assets frequently used across multiple job sites in industries like construction, landscaping, and skilled trades. This coverage is broader, often following the equipment wherever it goes—on a job site, in transit, or in storage. It also addresses unique risks such as, theft, and accidental damage during use. By offering this specialized protection, Zurich helps contractors manage challenges by filling coverage gaps that standard policies may leave exposed.

Zurich’s contractors equipment insurance can be extended to cover equipment rented, leased, or borrowed by policyholders for direct use for their business operations. This means your business is protected if something happens to the tools or machinery in your care—even if they aren’t your own. If damage or loss occurs, Zurich helps cover the cost of repairing or help reduce the expense to replace equipment, so you can avoid out-of-pocket dollars and keep your projects on track. Plus, your policy can be tailored to match the terms of your rental or lease agreements, giving you flexible, comprehensive protection.

Yes, theft protection is an important part of contractors equipment insurance. We understand that construction equipment is valuable and often at risk, whether it’s on-site, in transit, or stored temporarily. Zurich’s coverage helps protect you from the financial impact of theft—covering the cost of repairing or helping to reduce the expense to replace equipment so you can get back to work quickly and keep projects moving forward. Some policies also include protection against attempted theft, vandalism, and even the cost of renting replacement equipment while your claim is processed. By securing your equipment and maintaining accurate inventories, you can further reduce exposure and help ensure a smooth claims experience.