Contractors Equipment Floater—Archived Article

April, 1999

American Association of Insurance Services (AAIS)

Summary: The contractors equipment form provides open perils coverage for mobile machinery, equipment and tools that contractors use in their trade. Because the form does not restrict coverage to a particular location, it can cover contractors equipment at job sites, owned locations, or in transit.

Two different forms are available from AAIS for contractors equipment, IM-7000 and IM-7001. The differences lie in the property covered, perils excluded, and additional coverage sections. This treatment examines in detail form IM-7000, with notes as to the differences in form IM-7001.

Topics Covered:

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