New Business Owners, Do Not Overlook Floater Equipment Insurance!
We offer floater insurance to the Austin, TX area. A floater type policy is one that covers objects that are not stationary, but move from place to place such as construction equipment taken to job sites. The transportation of inventory, from one site to another, either by truck, rail or airplane, also requires a floater policy.
Contractors who arrive at a site to perform an installation or repair job may require an Installation Floater to cover their tools and equipment, as well as the exposure during the course of repairs or installation.
Workmen who install or repair machinery, equipment, computers, do on site work, etc. have large amounts of money invested in their machines and equipment required to complete such jobs. Many contractors leave their equipment at the jobsite until the job is completed and then transport it to another site rather than transport it at the end of each shift.
Risk management is crucial for contractors of this type, because although their equipment may be insured, work must stop until the equipment can be replaced, which may take a significant amount of time. For this reason, contractors of this type should try to purchase their insurance from an insurance agent who has a risk management degree or background.
Work With an Equipment Floater Insurance Professional
Keep in mind that if your equipment is newer than five years then repairs and replacements are usually covered but any work that needs to be done on pieces of equipment older than that are generally decided based on it’s retail value. Call Ed Weeren Insurance in Austin, TX today to determine if floater equipment insurance is right for your company.