Solutions for contractor's equipment

Contractor's equipment from The Hanover

Construction businesses rely heavily on their tools and equipment. When they’re stolen, damaged by vandals, or destroyed by fire, business suffers. In some cases, additional costs may be incurred as a result of repairs or delays. In others, a project may not be completed, damaging reputations and the bottom line. Our contractor’s equipment policy covers tools and equipment that may be owned, rented, leased, or borrowed—and keeps contractors on the job.


Easier than ever to quote and issue

The Hanover’s web-based quote and issuance tool – TAP Sales – makes it fast and easy to deliver expertly tailored, customer-focused solutions for inland marine construction risks.

We have flexible training options to help you better understand TAP Sales and all of our online systems and capabilities. 

Register for TAP Sales training


Potential eligible customers include:

  • Contractors (all types)
  • Municipalities
  • Manufacturers
  • Wholesalers
  • Distributors
  • Terminal operators

Hanover Marine’s contractor’s equipment forms provide broad coverage options for tools and mobile machinery and equipment, including:

  • Equipment leased or rented from others
  • Equipment leased or rented to others
  • Hauling property of others as a carrier for hire
  • Installation or rigging property coverage
  • Waterborne property
  • Replacement cost available for items five years or newer
  • Business personal property
  • Employee tools and work clothing
  • False pretense coverage
  • Expediting expense
  • Blanket loss payee embedded in the coverage form

With the introduction of TAP Sales, you can now quickly and easily quote, rate and issue your client’s contractors equipment policies all in one place.  Our streamlined process allows you to customize the policy with fewer clicks, giving you the option to upload equipment schedules, eliminate the need for endorsements with an annual adjustment form and multiple billing options to fit your client’s needs. This is all backed by our expert underwriters, ready to help with any risks that are complex or outside of the eligibility guidelines below:

Eligibility guidelines:

  • Maximum limit of $5,000,000 for total equipment schedule
  • Maximum limit of $1,000,000 for any one item
  • Equipment used for logging, mining, demolition/blasting, recycle/salvage/scrap metal/waste  management/landfill is not eligible
  • Asphalt plants, oil and gas drilling or well servicing operations are not eligible for online quoting. Please contact your marine underwriter.
  • Subject to a $500 minimum earned premium
  • Addresses outside of the United States are not eligible
  • Locations in the states of Hawaii and Kentucky are not eligible for online quote

Pre-qualifying questions

If the answer to any of these questions is yes, the risk is ineligible for online entry. Please contact your underwriter.

1. Has the applicant been in business for less than three years?

2. Has the applicant declared bankruptcy in the last three years?


At The Hanover, we know the value of comprehensive protection. Our Hanover Contractor’s Equipment Advantage solution protects against the unique risks faced by your clients. Unlock the Hanover advantage.



More options for more businesses

We are a top 10 Marine writer with tailored coverage options for tools and mobile machinery and equipment. Additionally, we have the ability to develop programs for all types of homogeneous groups with similar coverage needs, from start-ups and established programs to small, mid-size and large programs and accounts.


Online quote and issuance

To complement our marine underwriter’s personal services, our TAP Sales quote-and issue-platform makes it easy to rate and issue contractor's equipment policies in real time and in one easy transaction. And our annual adjustment form reduces the need for endorsements.

Access TAP Sales



Significant experience

We have marine specialists and portfolio underwriters in local markets, all supported by regional experts.



Risk Solutions experts

In-house risk management consultants located in every region and are well-versed in local, state and federal regulatory guidelines and laws to ensure compliance.


Dedicated claims professionals

Our experienced marine claims staff has a proven record of successful claims handling, including 24-hour claims response and quick turnaround on payments.

Speed and convenience

Quote, bind and issue policies for eligible risks in minutes in TAP sales, with appetite and eligibility information appearing alongside traditional commercial lines products


Potential eligible customers include:

  • Contractors (all types)
  • Municipalities
  • Manufacturers
  • Wholesalers
  • Distributors
  • Terminal operators

Product resources


Total Hanover solution

Provide clients an account-focused solution by pairing contractor's equipment coverage with our specialized industry offerings:




Resources for you

Contractor's equipment application

5 questions to help you assess inland marine risk

Policy forms library

Agent resource library

E-delivery for commercial lines


Quote, bind and issue online

To complement our marine underwriter’s personal services, The Hanover’s web-based automated processing system, TAP Sales Marine, allows you to issue contractor's equipment policies in real time and in one easy transaction

Access TAP Sales now

How to quote and issue contractor's equipment in TAP Sales

Resources for your customers

Hanover Risk Solutions has assembled a range of resources, partner offerings, and education and training to help clients’ address their marine risks.

Equipment theft security risks

Asset tracking

See all of our Risk Solutions resources for marine


Customer tools

Claims reporting

My Hanover Policy



Let's start a conversation

Contact a member of our team to learn more about our coverage and services.

Ed Johnson
Vice President, Specialty Underwriting - West

Michael Disarno
Vice President, Specialty Underwriting - Programs

Dave Wojciechowski
Assistant Vice President, Specialty Underwriting - Midwest

Craig Mogielnicki
Assistant Vice President, Specialty Underwriting - Pacific

Jeremy Giard
Assistant Vice President, Specialty Underwriting - Southeast

Jared Lester
Assistant Vice President, Specialty Underwriting - Texas

Susan Foland
Director, Specialty Underwriting - Arizona

Nate Trussell
Director, Specialty Underwriting - Colorado

Eric Gifford
Assistant Vice President, Specialty Underwriting - Metro and New England