Northeast Metrowest Insurance Agency

Equipment Floater Insurance

At Northeast-MetroWest Insurance Agency, you can rely on us to be your trusted local insurance agency and help provide you with the coverage you need. We are an independent insurance agency, we help match businesses like yours with the correct insurance coverage.

If you own a contractor business, such as landscaping, painting, construction, plumbing, or welding, it is vital to have insurance coverage to protect your businesses and your financial assets. While you may already have coverage for some of your assets, some of your equipment may not have proper coverage. Certain types of equipment that are easy to transport aren’t always covered under commercial property insurance policies, which means that you will need to purchase Equipment Floater Insurance.

What is equipment floater insurance?

Equipment floater insurance is very specific. It is insurance that offers protection for contractor equipment that is easily transported from one location to the next, rather than equipment that remains on site. Commercial property insurance is the typical go-to protection for businesses that need coverage for on-site equipment, but that insurance just won’t cover mobile equipment.

This is when Northeast-Metro West Insurance Agency comes in. At NE Insurance, we can match a customer’s needs and query multiple insurance providers to find them the best policy to match specific needs. As an independent insurance agency, this is our specialty. We will be able to find you the best equipment floater insurance for your business.

What types of equipment are typically covered?

Equipment that is used for certain contractor businesses and that is mobile are typically covered under equipment floater insurance. For example, most contracting businesses will need a bulldozer, roller compactor, and backhoe for several construction jobs, and all of this equipment is mobile. As a business owner, you need coverage for this expensive equipment as it could get damaged during a job. Transportation from client to client is risky and leaves room for accidents to happen.

What does equipment floater insurance cover?

Equipment floater insurance typically offers protection for mobile equipment in the case of theft, fire flood, vandalism, equipment breakdown, and other types of damage. This is dependent on the specific policy, that our team will work with you to decide upon. Extreme weather conditions and natural disasters like hurricanes or tornadoes can cause irreparable damage to contractor equipment, and this also can be covered in equipment floater insurance.

What About the Cost?

The cost of coverage under equipment floater insurance depends on how old the equipment is. If the piece of equipment is five years or newer, repairs and replacement of equipment will typically be covered. However, for equipment older than five years, the cost of repairs or replacement will be determined based on the actual value of the equipment. In addition, other variables to the cost will be determined with you based on specific policies, and options for coverage within those polices. We work with multiple insurance carriers therefor we can provide you with options to suit your budget and need. 

Request a Quote

With Northeast-MetroWest Insurance Agency, you won’t have to worry about your expensive mobile equipment not having the proper coverage. Give us a call at 800-443-7007. We look forward to working with you.

Since 1989, Northeast-MetroWest Insurance Agency has provided reliable insurance services in Massachusetts. We work with over 25 insurance carriers to help you find an insurance policy that covers your companies specific needs. We offer a personal touch to ensure that your belongings and assets are safe and secure. Click the button below to receive a Free Equipment Floater Insurance Quote.