Coverage Highlights

• Examples of coverage extensions for debit/credit
  include, but are not limited to:
  • Trailers and spare parts
  • Miscellaneous tools
  • Waterborne equipment
  • Continual rental or lease
  • Equipment leased/rented or borrowed from others
  • Equipment leased or rented to others
  • Employee tools
• Valuation: replacement cost for equipment five model
  years or newer, otherwise actual cash value (ACV)

Appetite & Availability

• Admitted product available in all states
  • Scheduled coverage form
    • TIV limit up to $10 million (any one item, $1 million)
    • Inclusive of higher-hazard equipment
    • Three customizable tiers with optional endorsements
    • Minimum premium is $1,500

Targeted Risks

A broad range of specialty trade and service contractorʼs equipment

Excluded Risks

• Logging operations or equipment
• Recycling operations or equipment (grinders)
• Oil and gas drilling operations or drilling rigs
• Underground mining operations or directional drills

Additional Information

The platform offers:

• Instant referral triage to regional underwriter (within 24 hours)
• Up to 20% commission
• Dynamic pricing indication
• Instant quote letter, issuance and form specimens
• Easy single sign-on
• Policy term flexibility
• Instant clearance
• No need to input individual equipment values; simply provide the TIV and subtotals for cranes and batch plants

If you are already appointed to work with Argo Marine, you can request access to Contractors Equipment Express at [email protected].