Inland Marine & Equipment Articles

Tools, equipment and cargo — not standard property coverage

Tools, mobile equipment and materials that move between jobsites generally fall outside a standard commercial property policy, and that gap is what inland marine coverage is designed to fill. The articles in this category look at it from three angles: commercial auto and inland marine for solar contractors, whose panels, inverters and racking move between the warehouse and job sites and can sit on site until they're installed; equipment rental agreements and risk transfer, where one sentence in the contract can decide who pays for a damaged machine; and heavy equipment theft and conversion, which explains how a rental company can lose a machine through the rental itself rather than a break-in.

The rental agreement article is written for rental companies, but contractors who rent equipment will recognize the same questions from the other side of the counter: damage waivers, what a certificate must show, and who is allowed to operate the machine. Rental companies will also find the theft and conversion article useful when reviewing how they screen customers and recover equipment.