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Commercial Insurance: Covering Temporary Use of Equipment

If you will be using commercial equipment temporarily, you may need to update your commercial insurance policy for the time being. Review some commercial coverage types that may be of interest.

Damage Coverage

Consider the likelihood of a piece of equipment becoming damaged while it is being operated or stored on your business property. Your commercial insurance policy can protect against damage that occurs unexpectedly. This type of coverage will reimburse you for the cost of having your equipment serviced and restored. Suppose you are using your equipment in an area that is subjected to inclement weather. In that case, this fact may lead you to purchase a comprehensive insurance plan that will provide a high amount of damage protection.

Transport Essentials Coverage

If you need to transport any equipment that you will be using temporarily, you may need to insure the flatbed, tow hitch, and other accessories that you plan on using. Commercial insurance coverage will protect against damage, theft, and vandalism. It will also protect transport essentials while they are actively being used or stored.

Loss Coverage

Your commercial equipment could be deemed a total loss while you are responsible for operating it. If so, loss coverage will allow you to replace the commercial equipment you cannot access.

Liability Coverage

Your workers could be injured while they are using the commercial equipment. If you will assign workers to use automated or semi-automated equipment, familiarize yourself with the risks of using this type of equipment. Liability protection will cover accidents for which you are held liable.