Logging Operations

There are certain parts of the country where logging and lumbering operations are important to the economy, and agents and brokers must find and maintain markets that understand and write logging and lumbering risks. Placing coverage with specialty carriers is necessary due to the special equipment and vehicles used in logging operations and to transport the logs to the mill … Read More

Equipment Breakdown Coverage aka Boiler and Machinery Coverage

Breakdown of a wide range of energy-related equipment, such as computers, machinery that uses computer technology, and other equipment are covered, in addition to the traditional boiler and machinery objects such as boilers, air conditioning systems, ovens, stoves, furnaces, elevators, hoists, and cranes. Medical diagnostic equipment, such as MRIs, advanced heart monitors, and other scientific equipment in hospitals, medical laboratories, … Read More

Foundries

Tight market conditions occasionally create a need for a special market for foundries. The intense heat used in the casting process creates hazards that many standard insurers find unacceptable. In addition, many underwriters see relatively few risks in this class and conclude that they are more hazardous than they actually are. Other than the fire hazard, workers compensation has a … Read More

High Technology Exposures

These are cutting edge industries, including businesses that develop new sources of and uses for energy, robotics, and outer space travel. Large insurance brokers, insurers, and reinsurers have established special departments to handle significant technology exposures.

Equipment and Tool Rental Services

Equipment and tool rental risks are difficult to place, especially if coverage is needed for equipment that is rented out. Coverage for tools and equipment rented to persons who may not know how to operate them properly is also needed because the items rented may be damaged or broken. The liability exposure is also significant, especially if the rental service … Read More

Equipment Leasing–Lessor Protection

When equipment is leased to others, those lessees are required to insure it. The equipment owner can purchase contingent coverage that pays for its interest in the equipment if the lessee does not meet its contractual obligation to insure the equipment. This coverage can be broadened to include the lessee’s interest.

Contractors Equipment Insurance

This inland marine coverage insures contractors’ equipment on a scheduled or blanket basis. For many contractors, their major assets are equipment, such as cranes, power shovels, tractors, and bulldozers. Large items can be specifically scheduled, while a blanket limit may be used for smaller items. Tool coverage, including employee tools, can also be provided. Coverage is often based on all … Read More

Welding Supplies Sales and Distribution

Welding supplies consist of multiple types of equipment. However, the most volatile aspect of the business is the gas supplied to the welder. The storage of the gases on premises adds to the fire and explosion potential and the supply of the gases to the welder adds to the product exposure.

Crane and Rigging Contractors

Crane operators and riggers are high-risk businesses. Huge bodily injury losses that could financially ruin a large operation if uninsured or inadequately insured are possible. Exposures also include damage to property, such as destruction of a building, bridge, or train track and consequential loss of use to utility customers if utility lines are damaged. High liability limits are necessary and … Read More

Material Handling Contractors

This coverage is designed for contractors that have significant care, custody, and control exposures for property of others, such as crane, derrick, and dragline operators, rigging contractors, and millwrights. Insurance coverage forms and policies are available that provide commercial general liability coverage, including coverage for property of others in the insured’s care, custody, and control for hoisting and rigging. Additional … Read More