Contractors Equipment screen for inland marine

If you add Contractors Equipment in the Coverage Part Selection screen, a link to the Contractors Equipment screen appears in the left sidebar.

Coverages tab

The Coverages tab includes the following fields.

Field

Description

Part Level Information

This section displays fields related to the coverage part as a whole.

Contractor Type

Select the type of contractor.

Coinsurance

Specify the coinsurance percentage.

Per occurrence limit

Set a limit on the amount of claim per loss. This limit is not tied to a specific coverage.

Reporting

Select whether or not the customer will use monthly reports. (You must configure PolicyCenter to support monthly reporting within this line of business.)

Exclusions

In this section, specify whether theft or vandalism is covered or excluded.

Unscheduled Equipment

In this section, specify limit, deductible, and maximum individual item value for miscellaneous unscheduled items and employee tools. Unscheduled equipment are generally smaller and less valuable items than scheduled equipment.

Part Level Coverages

In this section, add coverage for rented equipment, rental reimbursement, additionally acquired property, debris removal, pollution cleanup, and preservation of property. These coverages are not tied to a specific piece of equipment.

Scheduled Equipment

Add equipment details such as description, manufacturer, model, and model year. Specify equipment coverage limit, deductible, and valuation. Add any additional interests.

Underwriting Information tab

The Underwriting Information tab contains underwriting questions about contractors equipment. In the base configuration, the questions are used to gather information but do not raise any underwriting issues. You can configure the questions to raise underwriting issues.

See also