Equipment Floater Insurance is a specialized form of inland marine insurance designed to protect movable equipment and tools that are frequently transported or used at different job sites. Unlike standard property insurance, which only covers items at a fixed location, Equipment Floater Insurance ensures your valuable assets are protected from risks like theft, damage, or loss—no matter where they are.
For contractors, builders, landscapers, and other professionals who rely on mobile tools and machinery, this coverage is indispensable. Without it, a single loss could lead to costly repairs, replacements, and operational delays.
Transporting tools and machinery to job sites comes with risks like accidents, theft, or environmental damage. A single incident can lead to significant financial loss and downtime.
Equipment Floater Insurance protects your assets while they’re in transit, ensuring repair or replacement costs are covered so you can continue operations with minimal disruption.
Job sites are often open or temporary, making them vulnerable to theft or vandalism. Replacing stolen tools or damaged machinery can be expensive and time-consuming.
With Equipment Floater Insurance, your business is covered for theft, loss, or damage, allowing you to replace essential items quickly and avoid project delays.
GET A QUOTEIf you frequently rent or lease equipment for specific projects, you might be liable for damages under rental agreements. Without proper coverage, unexpected repairs or replacement costs could strain your budget.
Equipment Floater Insurance can be extended to include rented or leased equipment, ensuring that even temporary assets are protected.
Covers your equipment while it is being transported between locations, safeguarding against accidents and damage.
Protects tools and machinery while they’re in use or stored at temporary job sites, reducing risks associated with theft, vandalism, or weather-related damage.
Offers financial protection for expensive machinery like excavators, bulldozers, or cranes, ensuring you can recover quickly from losses.
Includes coverage for hand tools, power tools, and smaller equipment that are crucial for daily operations.
Reimburses you for stolen or damaged equipment, helping you recover without impacting your project timeline.
Provides reimbursement for the full cost of replacing damaged or lost equipment with new items, ensuring financial stability.
Extends protection to rented or leased machinery, covering accidental damage or loss during your use.
Your tools and equipment are vital to your success. With GrayStone’s Equipment Floater Insurance, you can protect these valuable assets wherever your work takes you, ensuring uninterrupted operations and peace of mind.
Contact us today to customize a policy that fits your business’s needs. With GrayStone, you’re always covered, no matter where the job leads.
GET A QUOTE