Heavy Equipment Insurance
In this day and age it is impossible to start a business if your investments are not properly insured. In commerce insurance is one factor you cannot do without.
The nature of commerce also means that insurance companies require a more thorough process for their clients before they can apply for their services. That is why it is important when applying for a commercial insurance policy to always bring a copy of your Chamber of Commerce registration, and a valid identification of the persons mentioned under the registry.
Under the heavy equipment insurance we understand the following: bulldozers, forklifts, compressors, cranes in short all equipment used by contractors.
This insurance also falls under the coverage’s of the Compulsory Law (LAM). Aside from the basic insurance coverage you can also take extra coverage’s for:
• Damages inflicted to underground cables, piping, etc.
• The repercussions that follows of damaging cables, piping, etc.
Please note, every insurance company has their own policy, which may vary. And therefore the information we provide is liable to change depending on your current insurance policy.
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