Equipment Floater insurance for landscaping businesses

Overview

Landscaper equipment can be covered under an equipment floater, which is a type of inland marine insurance policy that covers mobile equipment or tools while anywhere in the coverage territory. The equipment used by landscapers may include lawn mowers, edgers, trimmers, blowers, etc.

An equipment floater normally contains a schedule that lists each piece of equipment and its corresponding limit of insurance. A policy may also provide blanket coverage on unscheduled hand tools and miscellaneous equipment.

It is difficult, if not impossible, to maintain a current insurance schedule of all items when several hundred pieces of equipment are used by an insured. A larger business may therefore obtain blanket coverage applying to all equipment, whether owned, rented, or borrowed by the company. A policy providing such blanket coverage is subject to an annual accounting of values of the insured equipment.

Agent Articles


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