Many clients have business contents that are constantly on the move. These
items can be scheduled on the policy so that they are protected for damage or
loss wherever they are. A list of the exact items including the make, model,
serial number, and value are listed ahead of time with the insurance carrier.
By scheduling the equipment, coverage in not limited to the insured location.
For example, a contractor normally has his tools within his vehicle overnight.
During the day, the tools then go to the jobsite. At times, they may even be
left at the jobsite overnight. Rarely are the items ever sitting at the
insured's office where the policy provides standard contents coverage. We can
protect this risk by moving these items off of the regular contents limits and
insuring them on an inland marine form.
Another type of business that will often schedule their equipment is a
technology firm. Many times, there is computer equipment such as a laptop which
needs to be covered outside of the office. Once again, the inland marine floater
can provide the necessary worldwide coverage. Many insurance carriers will
provide extra perils coverage on their form for losses stemming from viruses and
other computer related risk factors. Therefore, the equipment can be better
protected when scheduled rather than listed as blanket contents.
The bottom line is that your current policy may not be insuring your property
according to your needs. The minor cost to set up a schedule for your valuable
equipment may be worthwhile to avoid having your claim denied. Let our
experienced professionals at the agency help you cover all the bases when
protecting your business contents exposure.