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.

Equipment valuation by the numbers

Manufacturing shortages, increased demand, and more are impacting contractors equipment valuations. Learn more about today's trends and how to talk to your clients about assessing the value of their equipment.

Find out more

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

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

Quote and issue online

TAP Sales streamlines the process of obtaining a contractor's equipment policy, allowing you to customize and issue a policy in just a few minutes.

You have 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.

Contractor's equipment policies that you quote and write on TAP Sales are all backed by our expert underwriters, ready to help with any risks that are complex or outside of the eligibility guidelines below.
Pre-qualifying questions
  • Has the applicant been in business for less than three years?
  • Has the applicant declared bankruptcy in the last three years?

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

Eligibility guidelines

Risks ineligible for TAP Sales include:

  • Equipment used for logging, mining, demolition, blasting, recycle, salvage, scrap metal, waste management, landfill
  • Asphalt plants, oil and gas drilling or well servicing operations are not eligible for online quoting. Please contact your marine underwriter.
  • Addresses outside of the United States
  • Locations in HI or KY
Available limits
  • Maximum limit of $5,000,000 for total equipment schedule.
  • Maximum limit of $1,000,000 for any one item.
  • Subject to $1,000 minimum earned premium.
Program features
  • Quickly quote, rate, issue and print the policy online 
  • 20% commission 
  • Multiple billing options available 
  • Annual adjustment form reducing the need for endorsements 
  • Capability to upload equipment schedules reducing the need for excessive data entry 
  • Coverage enhancements included in the coverage form
    • 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 imbedded in the coverage form

Quote now



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

Understanding the value of contractor's equipment

5 questions to help you assess inland marine risk

Policy forms library

Agent resource library

E-delivery for commercial lines


Sign up for training

We offer flexible, instructor-led training options to help you better understand TAP Sales and all of our online systems and capabilities.

Register for TAP Sales training

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 today

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 - Houston, TX

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

Susan Foland
Director, Specialty Underwriting - Arizona

Susanne Wagner
Assistant Vice President, Specialty Underwriting - Dallas, TX

Nate Trussell
Director, Specialty Underwriting - Colorado