Commercial insurance
Equipment Insurance
The tools and machines a business runs on are expensive to replace and hard to work without. Equipment coverage pays when they're stolen, damaged, or break down — a contractor's gear on a job site, a shop's machinery, or leased equipment you're contractually on the hook for.
What's covered
Coverage Types
Property Damage Coverage
Covers repair or replacement costs for damaged or stolen equipment.
Equipment Breakdown Coverage
Protects against repair costs associated with mechanical or electrical equipment failures.
Loss of Income Coverage
Offers financial support for lost revenue if equipment failure disrupts business operations.
Rental Equipment Coverage
Provides protection for equipment that you rent or lease for business use.
Who benefits
Who Needs Equipment Insurance?
Equipment Insurance is designed for a variety of individuals and organizations. Find out if this coverage is right for you.
Get a Personalized QuoteConstruction Companies
Businesses that rely on heavy machinery and specialized tools.
Manufacturers
Companies with expensive production equipment and machinery.
Event Planners & Rental Services
Businesses that own or rent specialized equipment for events.
Pricing factors
What Affects Your Premium
Type and value of equipment
Usage patterns and location
Coverage limits and deductibles
Claims history
FAQs
Frequently Asked Questions
What types of equipment are covered?
How does the claims process work?
What are common exclusions?
Is equipment insurance required?
Related insights
Equipment Articles
We compare Equipment rates from leading carriers
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Our licensed agents will help you find the right equipment coverage at a competitive rate. No obligation, no hassle.