Home Insurance Highland Insurance Solutions Launches Contractors Equipment Coverage – Insurance Journal

Highland Insurance Solutions Launches Contractors Equipment Coverage – Insurance Journal

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Highland Insurance Solutions has launched a new equipment product for contractors. The new policy form offers broad protection and scheduled or blanket reporting coverage.

Highland’s new contractors equipment coverage features include:

  • Up to $10 million loss limits
  • $5,000 minimum premium
  • No co-insurance penalties
  • Automatic replacement cost coverage on equipment five years or newer
  • Blanket loss payee language built into form for fast certificate issuance

Target classes for the coverage include:

  • General gontractors
  • Street and road, including batch plants
  • Oil and gas servicing
  • Bridge builders
  • Demolition
  • Open pit and above ground mining
  • Recycling
  • Water and sewer cut and cover
  • Land development
  • Pipelines

Highland Insurance Solutions, a subsidiary of Tokio Marine Kiln, is a managing general agent that offers insurance products and specialty risk management products for the construction industry. It launched with a builders risk program in 2015 and has since grown the company’s annual written premium to more than $100 million. Highland is a wholly owned company of WNC Insurance Services Inc., a property and casualty underwriting agency that offers specialty risk management products, including private flood, construction and lender-placed products.

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