Equipment and Tools (Inland Marine)
While getting quotes for contractor insurance, don’t forget about some of your most valuable assets like your equipment and tools. It is important to have an insurance policy to protect those valuable assets. Equipment and Tool Coverage, also known as Inland Marine Insurance, is designed to protect mobile property, such as generators, welders, and compressors. Inland Marine insurance can also protect high-value handheld power tools with comprehensive coverage and other small pieces of equipment used while conducting business.
Insuring yourself and business with Inland Marine coverage for your tools and equipment is essential for small businesses. Property damage and theft are constantly on the rise, and protecting your equipment and tools when they are mobile is another way to have a peace of mind.