Construction, Agriculture, Forestry, and Equipment
Specialized Equipment Coverage
Across industries, getting the job done properly often requires specialized equipment with select features, custom designed parts, and highly skilled operators. At Safehold, our team understands the complexities of owning or leasing equipment and the unique exposures client’s encounter. We proactively tailor a risk management program that addresses a range of risks that many carriers will not underwrite. Whether it’s a single tractor or industrial equipment worth millions of dollars, the Safehold Equipment Program provides access to specialized coverage options at competitive prices.
- Agricultural - Tractors, plows, implements
- Construction - Dozers, material lifts, excavators, forklifts, pavers
- Forestry - Skidders, feller bunchers, yarders, sky cars
- Wood Yards - Chippers, delimbers, loaders, skid-steer loaders
With more than 30 years of experience working with clients in these niche industries, the Safehold Equipment Program offers several key advantages. Our team of insurance experts solely manages equipment risk exposures. This allows us to leverage in-house underwriters and adjusters who understand the nuances of equipment risk.
We provide a wide range of contractors’ equipment-related businesses, including but not limited to:
- Row crop farming
- Hay Farms
- Self-driving (autonomous equipment)
- Material handling equipment
- General contractors
- Excavation & grading
- Utility contractors
- Concrete & paving
- Logging and Forestry
All classes of equipment can be underwritten as a standalone policy or in conjunction with another Safehold Special Risk Program. Blanket coverage is available on larger schedules starting at $500,000.
- Special causes of loss, including theft
- ACV
- 80% coinsurance
- Debris removal
- Deductibles starting at $500
Additional coverage options available:
- Rented/Leased equipment limit
- Rental Reimbursement
- Miscellaneous tools & equipment
- Trailer and spare parts coverage
- Stand alone Rented/Leased Equipment
- Borrowed/loaned equipment to others
- Standalone miscellaneous tools
- Cranes, Cotton Picking operations, Combines, Recycling operations
- Waterborne, Oil and Gas, Well drilling, underground mining operations
Program Highlights
- Minimum premium $750
- Up to $3M per item and $5M per schedule (Higher limits may be available, subject to underwriting)
- Expedited quotes
- Broad underwriting appetite
- Earthquake and Flood included
What sets us apart?
- Broad appetite & flexible underwriting
- Competitive & creative solutions
- Fast responsive service
- Tailored coverage options
- In house underwriting authority
- Experienced Inland marine underwriting team
Brought to you by:
Applications
Additional Applications:
ACORD 125
ACORD 152 - Commercial Inland Marine
Resources
Ready to Get Started?
Contact us to explore how Safehold can tailor a comprehensive package to meet your specialized insurance needs.
Territory: Available in all states except AK, CA, CO, CT, HI, MA, MN, ME, NJ, NY, OR and WI.
Please contact us for the latest information regarding state markets.
Submission requirements:
- A completed Safehold supplemental is required for all submissions,
- Acord 125
- Acord 146
- Current valued 3 years loss runs
- Target premium & need by date
- Send submissions to equipment@safehold.com
- equipment@safehold.com
- 800-842-8917
- 610-537-2035