Construction, Agriculture, and Forestry Equipment (CAFE)
Across industries, getting the job done properly often requires specialized equipment with select features, custom designed parts, and highly skilled operators. At IGP Specialty, our team understands the complexities of owning or leasing equipment and the unique exposures client’s encounter. We proactively tailor a risk management program that addresses a range of risks that many carriers will not underwrite.
With more than 30 years of experience working with clients in these niche industries, the IGP Specialty Equipment Program offers several key advantages. Our team of insurance experts manage equipment risk exposures, allowing us to leverage our in-house underwriters and adjusters who understand the nuances of equipment risk. Whether it’s a single tractor or a schedule of mobile equipment worth millions of dollars, the IGP Specialty Equipment Program provides access to specialized coverage options at competitive prices for the following industries.
- Agricultural: Tractors, plows, implements, side-by-sides, ATVs
- Construction: Dozers, material lifts, excavators, forklifts, pavers, skid steers
- Forestry: Skidders, feller bunchers, yarders, sky cars, loaders
- Wood Yards: Chippers, delimbers, loaders
What sets us apart?
- Broad appetite & flexible underwriting
- Competitive & creative solutions
- Fast responsive service
- Tailored coverage options
- In-house underwriting authority
- Experienced Inland marine underwriting team
- Minimum premium $750
- Up to $5M total scheduled value (Higher limits may be available, subject to underwriting)
- Expedited quotes
- Earthquake and Flood included
- Admitted Carrier, Rated A- (Excellent) by A.M. Best
We serve a wide range of contractors’ equipment-related businesses, including but not limited to:
- Row crop farming
- Hay farms
- Self-driving (autonomous equipment)
- Material handling equipment
- General contractors
- Excavation and grading
- Utility contractors
- Concrete and paving
- Logging andfForestry
- Tree fruit farming
All classes of equipment can be underwritten as a standalone policy or in conjunction with another IGP Specialty program. Blanket coverage is available on larger schedules starting at $500,000.
- Special causes of loss, including theft
- ACV
- 80% coinsurance
- Debris removal
- Flexible deductibles
Additional coverage options available:
- Rented/Leased equipment limit
- Rental Reimbursement
- Miscellaneous tools and equipment
- Trailer and spare parts coverage
- Stand-alone rented/leased equipment
- Borrowed/loaned equipment to others
- Stand-alone miscellaneous tools
- Cranes, center pivots, cotton picking operations, combines, recycling operations
- Waterborne, oil and gas, well drilling, underground mining operations
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See how IGP Specialty can tailor a comprehensive package to meet your specialized insurance needs.
Submission requirements:
- Completed IGP Specialty supplemental application
- ACORD 125
- ACORD 146
- 3 years of currently valued loss runs
- Target premium
- Date coverage needed
Submissions mailbox: Send a Secure Email
Territory: Available in all states except AK, CA, CO, CT, HI, MA, MN, ME, NJ, NY, OR and WI.
Please contact us for more information on the latest state markets and how to get started.
(800) 842-8917 | Fax: (610) 537-2035 | Send a Secure Email