Commercial Sector Insurance Brokers works closely with retail agents to place inland marine and contractors' equipment exposures for a wide range of construction and trade clients. We understand that equipment schedules are major assets for contractors — large, expensive items are typically scheduled while smaller items and tools are often written on a blanket limit. Our markets can provide all-risk or broad named-perils wording depending on the account's needs, with options for agreed value, replacement cost, transit, off-site storage, rented equipment and rental reimbursement.
Overview of the Program From Commercial Sector Insurance Brokers
This wholesale program gives agents access to multiple admitted and non-admitted carriers that specialize in inland marine and contractors' equipment. We place schedules for high-value units, blanket limits for small tools and instruments, and tailored packages for contractors that combine equipment coverage with transit and on-site exposures. Underwriting emphasizes accurate schedules, preventive maintenance, theft controls and usage information to secure competitive terms.
Ideal Accounts and Appetite
- Heavy equipment owners/operators (excavators, loaders, graders, forklifts)
- Subcontractors and specialty trades (landscaping, paving, utilities, demolition)
- Equipment rental businesses and mobile tool fleets
- General contractors with mixed schedules and on-site exposures
Accounts with documented maintenance, identifiable serial numbers, and theft prevention measures are the best fit. We typically seek to avoid accounts with persistent loss history without mitigation, unknown equipment age/ownership, or exposures better suited to an inland marine single-policy carrier.
Coverage Highlights and Advantages
- All-risk and broad-named peril forms available
- Scheduled equipment on agreed or stated value bases
- Blanket limits for tools and small equipment (including employees' tools)
- Transit coverage for equipment in transit between job sites
- Coverage for rented/leased equipment and rental reimbursement options
- Coverage extensions for attachments, spare parts and temporary structures
- Flexible territorial options—programs writing in most states listed below
Underwriting Notes and Minimum Premiums
Underwriters expect accurate equipment schedules, age and serial number information, theft controls and evidence of routine maintenance. Operators and usage (owner-operated vs. hired operators) are considered. Minimum premium for placement through this program is typically $5,000; accounts below that threshold may require alternative markets or modified coverage. Because offerings include admitted and non-admitted markets, filability and local regulation will be addressed on a state-by-state basis.
Territories and Availability
Most Available States. This program writes in: AL, AK, AZ, AR, CA, CO, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WV, WI, WY. Specific coverage options and admitted vs. non-admitted capacity will vary by state and by carrier.
Why Work With Commercial Sector Insurance Brokers
As a wholesale broker, Commercial Sector Insurance Brokers brings established carrier relationships and experience placing sensitive equipment schedules. We help agents package submissions, identify the best markets in our panel of 10+ carriers, and negotiate terms that reflect the client's loss controls and asset values. Our team is practiced at handling multipart schedules, inland transit exposures and blended packages that combine scheduled and blanket limits.
Example Accounts That Fit This Program
- Example 1: You have a mid-size excavation contractor with a fleet of excavators and loaders plus a hundred small tools. The contractor needs scheduled values for heavy units and a blanket limit for tools with transit coverage between job sites.
- Example 2: You represent a regional equipment rental company that rents compactors and trenchers. The client needs agreed-value schedules, coverage for rented-out equipment, and coverage for hired operators.
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Frequently Asked Questions
What types of accounts are a good fit for Commercial Sector’s inland marine program?
Clients with scheduled heavy equipment (excavators, cranes, loaders), contractors with a mix of scheduled and small tools, and equipment rental businesses are ideal. Accounts with good maintenance records, serial-numbered schedules and theft controls place best.
Can this program provide transit and rented-equipment coverage?
Yes. Transit coverage between job sites and optional rented/leased equipment coverage and rental reimbursement can be included depending on the carrier and the state's admitted/non-admitted options.
What information should I include in a submission to get an accurate quote?
Provide a detailed equipment schedule (description, age, serial/VIN, value), recent loss history, maintenance practices, theft-prevention measures, and how equipment is used (owner-operated, hired operators, rental). This helps underwriters offer the most favorable terms.
Need help placing an account? Connect with a market specialist.