Inland Marine / Equipment Insurance

Inland marine insurance, often called a contractor's equipment floater, protects the most valuable assets an excavation contractor owns: the iron. A single hydraulic excavator can cost several hundred thousand dollars, and a full fleet of dozers, loaders, skid steers, and attachments represents a massive capital investment. Standard property and general liability policies do not cover mobile equipment, so inland marine is the policy that actually responds when a machine is stolen, damaged, vandalized, or lost in transit.

For excavation contractors, the exposures are constant and varied. Equipment is stolen off unsecured jobsites overnight, attachments disappear from gang boxes, machines are damaged by fire, flood, or overturning, hydraulic systems fail under load, and equipment is dropped or damaged while being loaded onto trailers for transport. Inland marine covers all of these wherever the equipment goes — on the jobsite, in your yard, in transit on a lowboy, or parked at a rental location. Because excavation equipment is mobile by nature, this floating coverage is exactly what the trade needs.

We make sure your equipment is scheduled at accurate replacement values so you are not underinsured when a total loss happens, and we add critical endorsements that excavation contractors rely on. Rented and leased equipment coverage protects you when you bring in a machine for a big job and the rental contract makes you responsible for damage. Rental reimbursement pays to rent a replacement so your project keeps moving while your damaged machine is repaired. We also offer coverage for newly acquired equipment so a machine you buy mid-policy is automatically protected, and we structure deductibles to balance premium against your cash-flow tolerance.

Beyond the obvious physical-damage protection, inland marine keeps your business operating. When a key excavator is sidelined by a loss, the policy gets you a replacement and keeps you on schedule, preventing the cascading penalties and lost revenue that come from missing project deadlines. As former contractors, we know that idle iron is lost money, so we build your equipment program to recover quickly from a loss. With our specialist placement and fast claims response, your fleet is protected against the events most likely to take a machine out of service.