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.

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 manage equipment risk exposures, allowing us to leverage our in-house underwriters and adjusters who understand the nuances of equipment risk. Whether it’s a single tractor or a schedule of mobile equipment worth millions of dollars, the Safehold Equipment Program provides access to specialized coverage options at competitive prices for the following industries.

  • Agricultural - Tractors, plows, implements, side by sides, atv’s
  • Construction - Dozers, material lifts, excavators, forklifts, pavers, skid steers
  • Forestry - Skidders, feller bunchers, yarders, sky cars, loaders
  • Wood Yards - Chippers, delimbers, loaders

We serve 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
  • Tree fruit farming

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
  • Flexible deductibles

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, center pivots, cotton picking operations, combines, recycling operations
  • Waterborne, oil and gas, well drilling, underground mining operations

Program Highlights

  • Minimum premium $750
  • Up to $5M total scheduled value (Higher limits may be available, subject to underwriting)
  • Expedited quotes
  • Earthquake and Flood included
  • Admitted Carrier, Rated A-(Excellent) by AM Best

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

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.

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

Territory: Available in all states except AK, CA, CO, CT, HI, MA, MN, ME, NJ, NY, OR and WI.


Please contact us for more information on the latest state markets and how to get started.

Have you heard? Safehold Special Risk—same company, same ownership—is now a division of Innovation Growth Partners Specialty (IGP Specialty).