
How to become a plumber
There’s more to becoming a successful plumber than installing, repairing, and maintaining pipes and fixtures—you’ll also have to establish the right business infrastructure. We’ll walk you through the necessary steps.
As a contractor, where would you be without the tools of your trade? Whatever fields of construction you have experience working in, your day-to-day operations depend on the valuable equipment you, your subcontractors, and your workers use to get the jobs done. From a simple screwdriver to an elaborate reciprocating saw, having the right tools is half the job.
And on your jobsite, you know how important it is to keep your tools safe, clean, organized, and well-maintained. You do everything in your power to make sure they last as long as possible. But what about what’s beyond your control?
Enter contractors equipment insurance.
Also known as heavy equipment insurance, contractors equipment insurance is essential coverage for any general contractor working on, or between, all kinds of job sites. It’s there to make sure that if your tools and other gear are negatively impacted by accidents or crimes, neither you nor your construction business will be saddled with the whole burden of recovering the expense.
It offers protection against costs associated with:
And, contractors equipment insurance covers all kinds of light, medium, and heavy hardware, including but not limited to:
While it may sound surprising, the insurance you can count on for all your construction gear is a form of…
While it sounds like a contradiction, combining land and sea, or like it has to do with a branch of the U.S. military, inland marine insurance is all about property. It’s a branch of ocean marine insurance, which covers packages being shipped over bodies of water.
Inland marine insurance, instead, covers property on land.
It can cover all kinds of property—from single unique or valuable items to large quantities of individually cheap items that are collectively valuable—as the umbrella extends far and wide.
And it can cover these items in a variety of circumstances, such as:
Typically, a contractor equipment or heavy equipment insurance policy is a special, relatively small type of inland marine insurance policy. It’s one that every general contractor should consider, regardless of scope or scale of your business.
The short answer: yes, probably.
The longer answer has to do with what kinds of equipment you use, what kinds of risks your hardware faces, and your ability to recover from loss without insurance. Even the most cautious contractors face numerous risks outside their own control when it comes to their equipment.
For example, if you are meticulous about cleaning and securing a job site, your tools will be neatly organized by the end of the day to ensure they’re easy to access the following workday. But what if the job site is broken into overnight and all of your tools are missing the next morning? Besides delaying your project and potentially being sued for a missed deadline, you would now have to replace all the missing tools.
Depending on the job site, that tool haul could be expensive!
Contractors equipment insurance can help with the replacement costs, getting at least that concern out of the way. But for the other issues, you’ll need additional insurance policies.
In addition to contractors equipment insurance, there are other kinds of coverage you may be legally required to take out, and others still that it would be smart to carry. Construction is dangerous. It involves moving parts and bodies, unfinished structures and surfaces, heavy machinery, heights, and any number of other potential risks.
Being in a field as inherently dangerous as construction means that you should consider insurance plans like:
That’s a lot of different coverages! Thankfully, though, there are ways to bundle certain plans together to cut down on both costs and headaches that come with having too many plans to keep track of.
That’s where we come in.
Here at Thimble, our mission is connecting small business owners with easy, affordable insurance you can customize to your own specific needs.
We want to help you minimize the time you spend thinking about your insurance so you can get out there and do what you do best. We also want to connect you to insurance that meets your actual needs as a contractor, not a bundle made for any business owner. That’s why we’ve revolutionized insurance and made it possible to purchase coverage by the hour, day, or month.
Get a contractor insurance policy in just 60 seconds. Answer a few simple questions and in under a minute, you can lock down coverage for third-party claims of:
So, what are you waiting for? Get covered now so you can focus on building the homes and spaces that define your community.
Our editorial content is intended for informational purposes only and is not written by a licensed insurance agent. Terms and conditions for rate and coverage may vary by class of business and state.
There’s more to becoming a successful plumber than installing, repairing, and maintaining pipes and fixtures—you’ll also have to establish the right business infrastructure. We’ll walk you through the necessary steps.
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