Contractors Hot Line December 13, 2024 | Page 7

Heavy Machinery, Heavy Stakes

A Guide to Construction Equipment Insurance

By Lauren Bongard

Did you know equipment theft costs the construction industry nearly $ 1 billion annually? The cost of equipment damage from accidents is even higher. Without the right insurance, even a single loss could devastate your business.

That’ s why insuring your equipment is critical. Construction assets are pricey, so protect big investments by getting the right kind of insurance in the right amounts. This guide shares foundational knowledge and advanced strategies to help you navigate insurance policies, file claims effectively and tailor coverage to your needs. You should also talk
6 December 13, 2024 www. contractorshotline. com