Equipment Floaters

In-house facility and facultative capabilities for contractors’ equipment, named perils and all risks.

We focus on Contractors Equipment, Harman Kemp has an in-house facility and facultative capabilities for this class, for both named perils and all risks coverage.

Equipment Types

Contractors

Coverage Options

Named perils and all risks

Key Underwriting Considerations

The more portable the equipment, the greater the rate
Age of equipment is an important factor (typically no older than 10 years; 15 years is the usual maximum)
Type of work performed is closely reviewed
Where equipment is owned, the level of outstanding mortgage matters. Underwriters prefer the insured to carry at least a 25% interest

The basic information set out in the attached proposal form is normally adequate for us to obtain terms, along with loss record and target premium, if known.