The product facts behind the view.
- Paragon’s Small Commercial page identifies an exclusive inland marine program for contractors equipment. [1]
- The program is described as using admitted paper, with leased, rented or borrowed equipment available. [1]
- Rental reimbursement is identified as available, subject to program restrictions. [1]
- The page lists limits up to $5 million per occurrence and $500,000 per item; these are published maxima, not an offer for every account. [1]
This is an individual program of Paragon Insurance Holdings. Review its own product scope separately from the other offerings.
Questions to resolve before binding.
Use these illustrative scenarios to review a proposal. They are questions to ask, not statements that a loss is covered.
A borrowed excavator is stolen overnight
Who is responsible under the rental agreement, and is that equipment within the coverage? Review storage controls, theft terms and valuation.
Several machines are damaged at one site
How do the per-item and occurrence limits apply to the accumulation? Compare the schedule and any catastrophe provisions.
A damaged machine must be replaced temporarily
Is rental reimbursement included, and under what trigger and duration? Review the option separately from the property payment.
A better submission starts here.
Hedge’s preparation guidance for this placement:
- Provide the owned, leased, rented and borrowed equipment schedule, values and largest single item.
- Describe equipment use, storage, transit, theft controls and territories, including any rentals to others.
- Identify lease obligations, replacement needs after a loss and any required rental reimbursement.
Include the named insured, locations, requested lines and limits, effective date, existing applications and available loss information. Start with what you have; we can identify what is missing.
Legal entities and underwriting.
The market name, licensed producer and insurance company can be different entities. These are the names and roles identified in the cited disclosures.
Paragon Insurance Holdings, LLC [2]
Program administrator
The program is described as admitted, but the cited page does not identify the legal issuing insurer or all state/product conditions. Confirm the carrier, coverage form and available options for the account. [1]
Registration and license details identify an entity and its role. They do not by themselves establish that a particular product, state, limit or account is eligible.
The practical questions.
How do I get a quote with Paragon Exclusive Contractors Equipment?
Choose “Get a quote with Paragon Exclusive Contractors Equipment” and tell us about your client. Hedge carries your market selection into the submission, helps complete the account and works on the available terms. You can review the proposal before making a coverage decision.
Does this profile confirm my account is eligible?
The published specialties are a starting point. State, business activity, loss history, requested coverage, limits and effective date can change eligibility. The sources used here do not provide a complete state-by-product matrix. The actual proposal and policy forms determine coverage.
Is this an independent rating of Paragon Exclusive Contractors Equipment?
No. Hedge is an insurance intermediary and has a commercial interest in helping agents place business. Our commentary explains the placement questions we draw from the cited material. It does not report a customer satisfaction score, firsthand claims experience or an endorsement by Paragon Exclusive Contractors Equipment.
Read what we read.
Product facts were checked against the official material below on November 1, 2026. Our commentary is identified as Hedge’s analysis. Market websites and underwriting terms can change.
- Paragon Exclusive Contractors Equipment official product information ↗Checked November 1, 2026
- Paragon Insurance Holdings operating identity ↗Checked November 1, 2026
Published by Hedge Specialty. Send a correction if a product or program has changed.
What stands out, and why it matters.
Owned and borrowed equipment are different insured interests.
The program identifies leased, rented and borrowed equipment as available. [1]
Bring the rental or lease agreement with the schedule. Ask how the form determines responsibility, valuation and the interests of the owner or loss payee after a loss.
Per-item and per-occurrence limits need separate comparisons.
Paragon publishes both a per-occurrence maximum and a lower per-item maximum. [1]
A total schedule value is not enough to assess fit. Identify the most valuable machine and possible accumulation at a site or in transit, then compare the actual offered sublimits and deductibles.
The operational cost after damage may need an option.
Rental reimbursement is described as available. [1]
Estimate how the business would replace critical equipment while repairs proceed. Ask what event, waiting period, duration and monetary limits apply, rather than assuming equipment damage cover also replaces lost use.