Best Stock & Equipment Insurance in Edmonton
All pieces of company equipment that are not for sale are covered in stock & equipment insurance, including furniture, tools, machinery, fittings, and other appliances. The equipment you had improved (any alterations or betterment) on the behalf of your tenantโs rented space or to your building is also included. The equipment can be covered on the basis of Actual Cash Value or Replacement Cost.
Stock & Equipment Insurance will pay expenses caused by damages to property, transportation costs, and any loss due to interruption in business.
What Will Be Covered Under Stock & Equipment Insurance?
We understand that your equipment is really important for your business & that is the reason we protect them by offering the best stock & equipment insurance coverage as per your business need.
Contractorโs Tools & Equipment Includes
โYouโre only as good as the tools you useโ is a saying that has been around for a long time. Protecting your business tools is vital, whether they are handheld tools or larger equipment such as backhoes and loaders. They are the backbone of your business. Basic commercial insurance wonโt provide coverage for your small tools or larger equipment if they are to leave the shop or to be exercised at more than one location. In such cases, you are required to place your property on a `floaterโ coverage. With Tool Floater, you can get insurance for your portable equipment. A Contractorsโ Equipment Floater insurance provides coverage for all movable equipment and pays for damages to a contactorโs equipment caused due to theft, fire, vandalism, water damage, and breakage.
Installation Floater Includes
An Installation Floater policy provides comprehensive insurance coverage for property installed at a work site by a particular contractor or subcontractor. This coverage extends to various stages of the installation process. When a property is in transit, in temporary storage, and during the installation and testing process, it usually provides insurance for property installed at a work site by a particular contractor or subcontractor. If the property is in transit, stored temporarily, or installed and tested, these conditions make grounds for coverage. This ensures the property is protected from potential risks such as damage, theft, or weather-related incidents during these critical phases.
Equipment Breakdown Coverage / Boiler & Machinery Includes:
In the event, an organization suffers financial loss due to malfunctioning of equipment, Equipment Breakdown Coverage is provided. This includes system failure of heating, refrigerating, air conditioning equipment, pressure vessels, boilers, production machinery, all electrical equipment. The term Boiler and Machinery, as previously known in the Insurance Industry is now replaced with a more inclusive term: Equipment Breakdown Coverage or also known as Mechanical Breakdown Coverage. Equipment failure that occurred under sudden and accidental circumstances is also covered by insurance. The coverage list includes boilers, machinery, and equipment such as computer systems, communication systems.
