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.
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.
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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
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
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
See all of our Risk Solutions resources for marine
Customer tools
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
317-208-5720
ejohnson@hanover.com
Michael Disarno
Vice President, Specialty Underwriting - Programs
732-805-2387
mdisarno@hanover.com
Kane Jankoski
Assistant Vice President, Specialty Underwriting - New England
508-855-2209
kjankoski@hanover.com
Craig Mogielnicki
Assistant Vice President, Specialty Underwriting - Pacific
916-773-8902
cmogielnick@hanover.com
Jeremy Giard
Assistant Vice President, Specialty Underwriting - Southeast
704-409-1045
jgiard@hanover.com
Jared Lester
Assistant Vice President, Specialty Underwriting - Texas
713-243-7068
jlester@hanover.com
Susan Foland
Director, Specialty Underwriting - Arizona
602-732-6209
sfoland@hanover.com
Nate Trussell
Director, Specialty Underwriting - Colorado
720-440-8410
rtrussell@hanover.com
Dave Wojciechowski
Assistant Vice President, Specialty Underwriting - Midwest
517-540-4940
dwojo@hanover.com
Eric Gifford
Assistant Vice President, Specialty Underwriting - Metro
732-877-4387
egifford@hanover.com