When he saw an unmet demand in the contractor’s equipment insurance market, Senior Vice President, Head of Argo Marine, Dave Higley recognized the opportunity to create an efficient digital platform specifically for smaller risks.
Created by Argo Digital, Contractors Equipment Express launched December 12. It’s admitted in all states except Hawaii and Alaska, features a $1,000 minimum premium, and offers standard and enhanced coverage options.
“This platform is a win for Argo Marine and for companies who may have found it challenging to obtain coverage for straightforward, smaller risks at a premium that made sense for them,” Higley says.
Streamlined rate, quote, bind and issue platform
Contractors Equipment Express delivers on its promise of speed by providing an instant quote letter and forms and the ability to bind with the click of a button, all without requiring a schedule of equipment.
Argo Marine simplified the quote process to ask just five key questions, which makes it fast and easy for brokers to enter required information.
“With pre-loaded forms and an immediate policy upon submission, our platform is a breeze to use from beginning to end,” Higley says.
Wholesale broker Wes Baker, vice president for All Risks, says he found the platform to be fast and simple when he recently used it to bind a policy.
“It was very quick and easy to do,” he says. “The fact that you don’t have to schedule every single piece of equipment is awesome.”
Contractors Equipment Express covers a broad range of contractor equipment, such as nail guns, backhoes, trenchers, hand tools, saws and many other types of equipment, with up to $2 million total insurable value. Insureds may include landscapers, electricians, plumbers, masons, framers, HVAC contractors and others in the construction process.
How to access Contractors Equipment Express
- Send an email with your name, email address, agency name, address and telephone number to email@example.com.
- You will receive a unique username and password via email.
- Login in at ce.argo-digital.com using the provided username and password.
Providing quote information
Submit the following to obtain a quote:
- Insured name and address
- Class code
- Total equipment value
- Number of years in business
- Claim total
Download the Contractors Equipment Express highlight sheet for appetite and coverage details.
Learn more about Contractors Equipment Express.