Contractors’ Equipment

THE RIGHT TOOLS FOR THE JOB

Your equipment and tools are vital to the success of your work. Loss or damage to any of these items could pose a serious financial strain on your business.

That is why it is a smart choice to protect your equipment and tools with proper insurance. Let W.E. Davis Insurance help you secure the necessary coverage by using specialized forms to customize a policy that meets your specific needs.

You put the best effort into all the projects you work with, from start to finish. Likewise, we want to begin with these built-in coverages and then offer flexible options to enhance your protection to best help you get the broad coverage you need:

Leases or Rented Coverage-

Equipment leased or rented from others is automatically covered for $25,000 and may be insured for virtually any amount. We may also pay for loss of use when you are legally liable for the equipment.

Rental Reimbursement-

Rental reimbursement may be provided, up to a daily limit and a maximum amount of coverage. Typical coverage is $500 a day up to a $5,000 limit to pay your expenses to rent replacement equipment when yours has been damaged by a covered loss. A minimum 24-hour waiting period applies.

Newly Purchased Equipment-

Newly purchased equipment can be insured for up to 60 days, with a limit equal to 30 percent of your total schedule equipment or $25,000, whichever is greater. Longer time periods can be negotiated.

Check out these special features:

• Additional 25 percent of the amount of the amount of the loss for debris removal and higher limits are available.
• Employee Tools up to $1,000 (with a maximum of $250 for any one tool)
• Pollution coverage up to $10,000
• Borrowed equipment up to $5,000
• Spare parts and fluids up to $5,000 for covered equipment

 

As your projects progress, you make accommodations to meet the needs of your client. We understand that you may need the same flexibility in your insurance program, which is why, in addition to the stability of built-in coverage, you have the flexibility to increase most of your limits of insurance.

To meet your needs, this program provides you with options on valuing your equipment for insurance purposes, including on a Replacement Cost basis and it offers a variety of deductibles.

The W.E. Davis Insurance Agency’s commitment to you is simple. We deliver policy and claims service as a local independent agent who knows you, your business and your community. We represent companies that provide multi-year “locked-in-rate” policies as well.

When it comes to something as important as your business – your livelihood – you can count on the W.E. Davis Insurance Agency to be there when you need us.