Contractors Equipment Express
Argo Marine’s Contractors Equipment Express is a fast, streamlined rate, quote, and purchase platform for small to medium risks. The solution offers competitive rates – providing an instant quote without requiring a schedule of equipment – and creates a policy to purchase within minutes.
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
- Scheduled coverage form
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].
