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Contractors Equipment Floater

Definition of "Contractors equipment floater"

Sheila Mays & Carrie Gibson
  Mays Gibson

Form of marine insurance that covers mobile equipment of a contractor, including road building machinery, steam shovels, hoists, and derricks used on the job by builders of structures, roads, bridges, dams, tunnels, and mines. Coverage is provided on a specified peril or an all risks basis, subject to exclusions of wear and tear, work, and nuclear disaster.

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