Contractor's Equipment Insurance
Inland Marine
AXA XL offers Contractor’s Equipment coverage for a wide variety of operations that own equipment used in construction and related industries.
Coverage
We provide 33 additional coverages for the following (flexible sublimits apply in most instances):
- Accounts Receivable
- Borrowed, Leased or Rented Equipment from Others
- Continuing Lease or Rental Charges
- Contract Penalty
- Debris Removal
- Deductible Waiver
- Drones
- Employee’s Tools and Work Clothing
- Expediting Expense
- Expendable Supplies
- Extra Expense
- Fire Department Service Charge
- Fire Protection Systems
- Improvements, Betterments, Attachments & Upgrades
- Loaned, Leased, or Rented Equipment to Others
- Loss Adjustment Expenses
- Necessary Repairs
- Newly Acquired Covered Property
- Pollutant Cleanup and Removal
- Preservation of Property
- Property While Underwater
- Property While Waterborne
- Reimbursement for Returning Stolen Property
- Rental Expense
- Replacement Keys and Locks
- Reward Coverage
- Rigger’s Legal Liability
- Transporting Property of Others
- Unintentional Errors and Omissions
- Unscheduled Tools and Equipment
- Virus, Harmful Code, or Similar Instruction
- Void Service Contract of Warranty
- Voluntary Parting
We offer optional endorsements, which include:
- Equipment rental and sales
- Inflation protection
- Equipment breakdown
- Business income and extra expense
Benefits and Services
- Integrated underwriting, risk consulting and claims handling
- Professionals with an average of 15+ years of marine insurance experience
- Specialized risk control consulting and claims handling
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 and airports