Contractors & Trades Insurance
Equipment Breakdown Insurance
for Contractors & Trades
Compressors, air systems, and heavy equipment failing in the middle of a job creates delays and unexpected repair costs. Equipment breakdown coverage pays for sudden mechanical and electrical failure, keeping your schedule on track and your clients happy.
Industry-Specific Insight
Why Contractors & Trades Businesses Need Equipment Breakdown Insurance
Compressors, air systems, and heavy equipment failing in the middle of a job creates delays and unexpected repair costs. Equipment breakdown coverage pays for sudden mechanical and electrical failure, keeping your schedule on track and your clients happy.
Coverage Details
What Equipment Breakdown Insurance Covers
Key protections included in a equipment breakdown policy for contractors & trades operations.
FAQs
Common Questions from Contractors & Trades Businesses
Does equipment breakdown cover my air compressor or power tools?
Major equipment like air compressors, generators, and specialty machines can be covered. Hand tools under a threshold value are typically covered under inland marine instead.
Is wear and tear covered under equipment breakdown?
No — equipment breakdown covers sudden, unexpected failure, not gradual wear. Routine maintenance costs are not covered.
Isn't equipment breakdown covered by commercial property?
Standard commercial property policies cover damage from external causes — fire, storm, theft. They typically exclude mechanical or electrical breakdown from internal failure. Equipment breakdown coverage specifically addresses that internal failure scenario.
Does this cover normal wear and tear?
No — equipment breakdown covers sudden and accidental failure, not gradual deterioration or wear and tear. Routine maintenance issues and end-of-life breakdowns are generally excluded.
Complete Coverage
Other Coverages Contractors & Trades Businesses Commonly Need
A complete protection plan for contractors & trades operations typically includes several complementary coverages.
Contractors & Trades · Equipment Breakdown
Get Equipment Breakdown Coverage for Your Contractors & Trades Business
Our licensed agents specialize in contractors & trades insurance. We compare options from 96+ carriers to find the right equipment breakdown coverage at a competitive price.