Great American Insurance Group introduces Equipment Pro for contractors

TAGS

Great American Group has introduced , a contractor’s equipment insurance solution designed to address the unique risks faced by contractors. Launched by the company’s Property & Inland Marine Division, Equipment Pro offers enhanced, adaptable coverage options that cater to businesses of all sizes. By addressing the complexities of equipment-related risks, the product demonstrates Great American’s commitment to delivering innovative solutions in a dynamic industry.

is a vital safeguard for professionals relying on costly machinery to power their operations. Equipment Pro is designed to provide robust protection against an array of perils, including fire, water damage, earth movement, wind-related events, and theft. The solution ensures peace of mind for contractors, enabling them to focus on productivity without worrying about equipment-related disruptions.

How Does Equipment Pro Stand Out in Contractor Insurance?

Unlike traditional policies, Equipment Pro introduces a customized approach to coverage, offering flexibility that aligns with the distinct needs of contractors. Standard protections include coverage for direct physical damage, while premium credits are available for contractors with a strong track record of favorable loss history and longevity in the business. This innovative pricing model ensures competitive premiums while rewarding contractors for operational excellence.

See also  Insurance brokerage Hub acquires Lashua-LaChance and Hatchett Insurance

The policy also features 18 additional coverages that address risks often excluded in conventional insurance unless specifically endorsed. From debris removal to flood protection, these inclusions offer contractors a safety net for exposures that could otherwise jeopardize their operations. Furthermore, Equipment Pro includes seven optional coverages and multiple endorsements to accommodate specialized operations, making it a comprehensive and adaptable choice for contractors across various sectors.

What Claims Support Does Equipment Pro Offer?

Great American’s in-house claims team is a pivotal component of the Equipment Pro offering. With expertise in inland marine insurance, the team ensures claims are handled efficiently and effectively. This streamlined approach minimizes downtime and financial strain for contractors, reinforcing the product’s value.

Dave Lancaster, Divisional Vice President of Great American Property & Inland Marine, stated, “We understand the critical role that equipment plays in the daily operations of contractors. Equipment Pro is designed to help contractors rest easy, knowing that their equipment is protected and that claims will be resolved by a dedicated team of experts.”

See also  City Union Bank reports net interest income of Rs 547cr for Q4 FY24

Why Contractors Should Trust Great American Insurance Group

Founded in 1872, Great American Insurance Group has over 150 years of experience in the insurance industry. The company’s flagship entity, Great American Insurance Company, has maintained an “A+” (Superior) rating from AM Best for more than 115 years. As part of the , Inc., based in Cincinnati, Ohio, the company’s expertise in property and casualty insurance has cemented its reputation as a leader in the field.

The Property & Inland Marine Division specializes in providing niche insurance products tailored to specific industries. Equipment Pro exemplifies this focus, delivering an innovative solution that adapts to the evolving needs of contractors.

What Makes Equipment Pro a Game-Changer in the Insurance Industry?

Equipment Pro stands out as a pioneering product due to its broad coverage scope, flexible limits, and dedication to customer service. By combining traditional protections with modern innovations, the product addresses gaps in the market that competitors often overlook. For contractors, this means access to a solution that not only meets their current needs but also adapts to emerging challenges.

See also  ICICI Lombard rolls out Anywhere Cashless feature to cover all hospitals

Additionally, Great American’s emphasis on education and proactive risk management sets it apart. Policyholders benefit from resources designed to mitigate risks and enhance operational efficiency, reinforcing the company’s role as a trusted partner in the contracting industry.

Why Equipment Pro is the Future of Contractor Insurance

In an industry where reliable equipment is the backbone of success, comprehensive protection is essential. Equipment Pro redefines contractor equipment insurance by offering extensive coverage, flexible options, and expert claims support. Great American Insurance Group’s latest innovation ensures contractors can navigate the complexities of their industry with confidence and security.

As contractors face ever-changing risks, Equipment Pro positions itself as an essential tool for safeguarding operations and maintaining productivity. With its robust features and commitment to excellence, the product is set to revolutionize contractor insurance and solidify Great American’s status as a leader in the field.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This