Contractor Equipment Insurance Coverage

Inland Marine Insurance

Professional Insurors offers cost-effective Business Insurance coverage in Oklahoma for Contractors and the Construction industry. 47 years of experience in the insurance industry has given us the experience to help you identify the most plaguing risk exposures your business is subject to and provide you with adequate commercial insurance protection options custom to your needs.

What Is Contractors Equipment Insurance?

Commercial contractors equipment insurance (Inland Marine Insurance) is a broad-ranging policy designed to cover damaged or missing contractors equipment. A contractors equipment insurance policy can extend beyond simply covering equipment; it can also cover small tools, employees’ equipment, and rented or borrowed equipment.

In the event of a covered loss, contractors equipment coverage can even help pay for the removal of debris and cleanup after an accident. Contractors insurance also helps cover losses due to theft and can help pay the costs to expedite a project that is off schedule as the result of a covered loss.

Does Contractors Equipment Insurance Cover Rented or Borrowed Equipment?

Yes, contractors equipment insurance can cover equipment that is rented or borrowed, to and from other individuals and businesses. The Limits can be customized based on the value of the equipment you rent.

Can we cover our materials on a job site that will be installed?

Yes, this coverage is called an Installation Floater and can be added to your inland marine insurance. A blanket amount can be used to cover all job sites and the premium is based on your sales.

Our Oklahoma Business Insurance team at Professional Insurors is dedicated to providing risk management solutions and the optimum business insurance coverage for your business. Inland Marine Insurance is one of the many coverage options available to your business.

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General Liability Insurance

CGL is a business insurance coverage written to cover your exposure to 3rd party claims for bodily injury, property damage, or personal injury or lawsuits.

Coverage Options:

Per Project Aggregate (new limits per project)
Blanket Additional Insured
Blanket Waiver of Subrogation
Broad Definitions of who is Insured
Broad Definition of Territory

Commercial Auto Insurance

Professional Insurors provides Business or Commercial Auto coverage to all types and sizes of businesses and accommodates a wide variety of situational variations.

Coverage Options:

Blanket Additional Insured
Named Coverage for Owners of Company
Broad Coverage Territory
Hired/Non-Owned Automobile
Automatic coverage for Large Fleets (no reporting required)

Workers Compensation

Workers Compensation protects your business and employees from work-related injuries, accidents, or even death

Coverage Options:

Multi-State coverage
Hazardous industries coverage available
Blanket Waiver of Subrogation
Pay as you go solutions available
Meets all state guidelines

Commercial Umbrella Liability

A coverage written to cover your exposure to damages by third parties for bodily injury or property damage claims or lawsuits that exceed your limits on your underlying policies.

Coverage Options:

High Limits Available (min $1,000,000 up to $100,000,000)
Following Form or Full Umbrella based on risk and size
Blanket Additional Insured

Builder’s Risk/Installation Floater Insurance Coverage

Builders Risk covers your building(s) while under construction. Installation floaters designed for trade contractors insure their property risk in the building while under construction.

Coverage Options:

Blanket or Per Project Basis policies
Very Competitive rates
Owners interest coverage available
Testing Coverage Available
Multiple deductible options

Contractors Equipment Coverage

Contractors Equipment Coverage, often called "inland marine" in Oklahoma, covers your equipment physical damage including collision, theft, and many other perils. The liability for this equipment is usually covered under your General Liability policy.

Coverage Options: