Inland Marine Mobile Equipment Dealers Insurance

Operating in the mobile equipment market poses unique challenges for dealers. The varied activities - renting out heavy equipment, managing sales, performing maintenance and servicing, and providing specialized services such as transportation for construction equipment rentals - can expose dealers to diverse risks that can affect their bottom line.

Insurance tailored for mobile equipment dealers protects against potential financial losses from events such as fire, theft, weather and rental-related incidents. This coverage provides peace of mind, allowing mobile equipment dealers to focus on growing their business.

Mobile Equipment Dealers insurance coverage

Savvy mobile equipment dealers look for specialized insurance solutions to address the specific risks to their businesses. Travelers has deep expertise in mobile equipment dealers’ business risks and provides specialized coverage solutions to address them. Consider these coverage options, which address a wide range of risks:

• Equipment coverage for various types of equipment, including related parts and accessories. This coverage applies to owned equipment and similar property of others held for sale, service, repair, lease or rent.
• Property in transit coverage includes loading and unloading.
• Coverage for property while temporarily away from a listed location, like on exhibition at a trade show, for example, or being demonstrated for performance evaluation.
• Coverage for property leased or rented to others to protect against loss or damaged equipment while in customers’ possession.
• False pretense coverage protects dealers from the costs of losses resulting from the fraudulent acts of others. With advances in technology, criminals are more capable than ever of creating fake information and tricking unsuspecting equipment dealers into selling, leasing or renting equipment to individuals misrepresenting their true identities and intentions.
• Specialized property of others coverage protects against loss or damage to vehicles, such as autos or trucks, owned by others while in your care, custody or control for installation, servicing or repairing specialized equipment on such vehicles.
• Employees tools and equipment coverage protects against loss or damage to tools and equipment owned by employees but used in the course of their work.
• Preservation of property coverage covers the cost to relocate covered property threatened by risks such as severe weather or fire and any loss or damage to such property while being moved or temporarily stored.
• Additional optional coverages are available to add to a primary policy to broaden coverage. Additional coverage options include:
  • Accounts receivable
  • Extra expense
  • Personal effects
  • Valuable papers 

 Who is Mobile Equipment Dealers insurance right for?

Equipment dealers that sell, lease, rent and service mobile equipment may need Mobile Equipment Dealers coverage. These businesses often handle a wide range of equipment, from construction machinery to agricultural tools, and need coverage specifically designed to protect their assets and operations.

Inland Marine Network

Travelers Inland Marine Network is our patented loss mitigation process that provides a competitive advantage for our customers. Our dedicated specialists in risk mitigation, Claim and special investigations identify and minimize risk to help keep your operations running smoothly. Our risk mitigation specialists can work with you before and throughout even your most highly engineered projects.