Contractors equipment, installation property, scheduled valuables, and customer property can require different forms.
Property and Package
Inland Marine.
If the property moves, travels, is installed, or sits in someone else's care, the building policy may not be enough.
Commercial inland marine can cover specified movable property, equipment, installation interests, property in transit, or property held away from a fixed premises. The right form depends on who owns the property, where it moves, who has custody, how it is valued, and what event could damage or remove it.
Placement context
Facts to confirm before applying.
Tools and equipment, $250,000, is not a schedule. A useful file identifies the expensive items, where they live overnight, how they travel, who can operate them, and how theft is controlled. Mobility is the exposure, so the movement of the property belongs in the story.
Coverage scope
What the coverage may address.
Transit, loading, temporary storage, catastrophe, theft, and unattended-vehicle restrictions deserve an explicit read.
Replacement cost, actual cash value, agreed value, coinsurance, and schedule accuracy determine how a loss may be valued.
Placement factors
Facts that affect placement.
- Contractors equipment, installation, builders risk, cargo, or specialized property
- High-value mobile equipment or property moving between locations
- Difficult theft, catastrophe, transit, or storage exposure
- Valuation or coverage needs not addressed by a standard property policy
Coverage and access are separate questions
Coverage guidance does not confirm a current market route, quote, policy terms, or bind authority for a particular account.
Submission preparation
Prepare a consistent underwriting file.
Account narrative
Trace the property from origin to jobsite to storage and back. Name the owner, custodian, value, conveyance, protection, and the point where the existing policy stops responding.
Include these facts
- Detailed equipment or property schedule with values and identifiers
- Transit, storage, territory, jobsite, and catastrophe information
- Security, tracking, maintenance, and theft controls
- Requested valuation, deductibles, limits, and coverage extensions
Resolve these questions before market review
- What property moves, where does it move, and who controls it?
- How are values established and updated?
- Where is the property stored and what security protects it?
- Which transit, installation, or catastrophe exposures apply?
Submission errors
Avoid these three issues.
- A lump-sum value with no equipment or property schedule
- No explanation of overnight storage, unattended vehicles, or theft controls
- Combining owned equipment, rented equipment, and customer property without separating the interests
Hedge resources
Forms and class guidance.
Hedge forms
Review the form and download a fillable PDF.
Builders Risk Supplemental
A fillable Hedge supplemental for new construction and renovation builders risk accounts.
Schedule of Locations Supplement
A fillable Hedge schedule for presenting multiple premises and location-level exposure information.
Loss and Claims Supplement
A fillable Hedge supplement for organizing prior losses, claims, and open-claim detail for wholesale review.
Class guidance
Public, directional appetite to help prepare for account-specific review.
Related coverage
Review related exposures.
Property and Package
Commercial Property
A property file is a story about what can burn, break, blow away, or stop the business.
Open coverageProperty and Package
Builders Risk
The building changes every day. The submission has to explain what exists now and what will exist at completion.
Open coverageTransportation and Marine
Commercial Auto and Trucking
Vehicles are the schedule. Drivers and operations are the risk.
Open coverageHedge review
Send the account for review.
You do not need a perfect packet to start. Send the account, requested line, effective date, current applications, available loss information, and the fact making the placement difficult. Hedge will separate missing information from market-ready information before any account-specific route is confirmed.