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Contractor's Equipment Coverage

AXA XL Insurance offers Contractor’s equipment for a wide variety of operations that own mobile equipment. Coverage extends to a diverse range of equipment, from employee tools to cranes.

Product details


AXA designed and built Contractors Equipment Coverage Solutions (CECS) as a custom-tailored coverage solution so that construction firms will have the right tool for the job, every time. We cover Contractor’s equipment for a wide variety of operations that own, lease or rent mobile equipment.

  • Insurance solutions for a wide variety of construction operations
  • Limited number of exclusions, including no exclusion for shortage of inventory and unexplained disappearance
  • 26 aAdditional Coverages
  • Flexible reporting, coinsurance percentage, and valuation options
  • Earthquake and Flood coverage
  • Escalation clause of up to 10% per item of scheduled equipment for a total covered loss of unreported improvements, betterments, or attachments discovered during the coverage term
  • Blanket loss payee clause
  • Waiver of depreciation if covered loss is less than 20% of the value of the item

Client Profiles

  • General Contractors
  • Specialty Trade Contractors such as painting, electrical, carpentry, plumbing, heating, air-conditioning, roofing, paving and excavation
  • Marine Contractors
  • Municipalities
  • Manufacturers
  • Warehouseman
  • Truck terminals
  • Airports

Typical Information Required

  • Five-year loss history
  • Schedule of equipment
  • Policy terms/coverages required
  • Description of operations
  • ACORD applications

Benefits & Services

  • Tailored solutions for contractors of any size or type of operation
  • Extremely versatile: adjustable limits, valuation and coinsurance options
  • Extensions such as contract penalty and rental expense coverage
  • Contractors equipment coverage solutions includes coverage for Property That Supports Your Business, such as computer equipment, media, data, valuable papers, and business personal property

Minimum Deductible

USD 1,000

Minimum Premium

USD 10,000

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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