Contractors Equipment Insurance
Definition of "Contractors equipment insurance"
Same as term Contractors Equipment Floater: 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.
Popular Insurance Terms
Assets of an insurer that are due and payable in the current year but have yet to be received by the insurer. ...
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