Contractor's Equipment - Inland Marine
XL Catlin offers Contractor’s equipment for a wide variety of operations that own mobile equipment. Coverage extends to a diverse range of equipment, from employee tools to cranes.

Product details


XL Catlin designed and built Contractors Equipment Coverage Solutions (CECS) as a custom-tailored coverage solution so that construction firms will have the right tool for the job, every time. We cover Contractor’s equipment for a wide variety of operations that own, lease or rent mobile equipment.

  • Insurance solutions for a wide variety of construction operations
  • Limited number of exclusions, including no exclusion for shortage of inventory and unexplained disappearance
  • 26 aAdditional Coverages
  • Flexible reporting, coinsurance percentage, and valuation options
  • Earthquake and Flood coverage
  • Escalation clause of up to 10% per item of scheduled equipment for a total covered loss of unreported improvements, betterments, or attachments discovered during the coverage term
  • Blanket loss payee clause
  • Waiver of depreciation if covered loss is less than 20% of the value of the item

Client Profiles

  • General Contractors
  • Specialty Trade Contractors such as painting, electrical, carpentry, plumbing, heating, air-conditioning, roofing, paving and excavation
  • Marine Contractors
  • Municipalities
  • Manufacturers
  • Warehouseman
  • Truck terminals
  • Airports

Typical Information Required

  • Five-year loss history
  • Schedule of equipment
  • Policy terms/coverages required
  • Description of operations
  • ACORD applications

Benefits & Services

  • Tailored solutions for contractors of any size or type of operation
  • Extremely versatile: adjustable limits, valuation and coinsurance options
  • Extensions such as contract penalty and rental expense coverage
  • Contractors equipment coverage solutions includes coverage for Property That Supports Your Business, such as computer equipment, media, data, valuable papers, and business personal property

Minimum Deductible

USD 1,000

Minimum Premium

USD 10,000

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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