Contractors Equipment Express
Argo Marine’s Contractors Equipment Express is a fast, streamlined rate, quote, bind and issue platform for smaller risks. The solution offers ease of doing business by providing an instant quote without requiring a schedule of equipment.
Coverage Highlights
Choice between standard and super coverage extension packages
- Examples of coverage extensions:
- Equipment leased or rented to and from others
- Equipment loaned to others
- Waterborne equipment
- Construction trailers
- Employee tools
- Spare parts and fuel
- Blanket coverage
- Replacement costs five years or newer, otherwise ACV
- Agreed amount (coinsurance waived)
Installation Floater Coverage
- Installation coverage up to $100,000M
- Job site limit: $100,000
- Catastrophe limit: $100,000
- Property in Transit limit: $50,000
- Property in Temporary Storage limit: $50,000
Appetite & Availability
- Admitted product available in all states (except Hawaii and Alaska)
- $2 million maximum TIV
- $500,000 maximum TIV any one piece of equipment
- $1,000 minimum premium
Targeted Risks
A broad range of specialty trade and service contractor equipment
Excluded Risks
-
- Cranes
- Mining
- Recycling
- Oil and gas
- Logging equipment
Additional Information
The platform offers:
- Standard and enhanced coverage options
- Instant quote letter and form specimens
- The ability to bind with the click of a button
- An instant electronic copy of policy
How to access the platform:
- Sign up at ce.argo-digital.com/sign-up.
- To quote: Provide the following information to get a quote:
- Insured name and address
- Class code
- Total equipment value
- Number of years in business
- Claim total
- Gross installation receipts (when applicable)