Commercial Property
Equipment Coverage
Commercial property coverage for equipment protects the machinery, tools, technology, and specialized assets your business depends on to operate. For equipment-heavy businesses — manufacturers, contractors, medical practices, and restaurants — equipment coverage is often the most significant component of the property program.
Commercial Property
What You Need to Know About Equipment Coverage
Business Personal Property
Covers equipment, tools, furniture, and other business assets at your covered location. Coverage applies to owned equipment and, with the right endorsements, leased equipment you're contractually obligated to insure.
Equipment in Transit and Off-Premises
Standard BPP coverage has limits for property away from the listed location. Businesses with equipment regularly off-site — contractors, service technicians, event businesses — often need an inland marine or scheduled equipment floater to fill the gap.
Replacement Cost vs. Actual Cash Value
Equipment depreciates. Actual cash value coverage pays what your five-year-old equipment is worth today — not what it costs to replace it. Replacement cost coverage eliminates the depreciation deduction and pays what replacement actually costs.