Floating with Confidence: Equipment Floater Coverage in Utah

Floating with Confidence: Equipment Floater Coverage in Utah

December 12, 2023


As a business owner in Utah, it is crucial to safeguard your valuable equipment from unforeseen risks. One way to ensure comprehensive protection is through Equipment Floater coverage. In this blog, we will explore what Equipment Floater coverage is, its significance in the state of Utah, and provide a real-life example to illustrate its importance. Additionally, we will address some common questions regarding this coverage.

What is Equipment Floater Coverage?

Equipment Floater coverage is a type of insurance policy designed to protect movable equipment and tools used by businesses. It provides coverage for equipment that is frequently moved from one location to another, such as construction equipment, contractor tools, and specialized machinery.

Why is Equipment Floater Coverage Valuable in Utah?


Utah has a diverse business landscape, ranging from construction and manufacturing to transportation and agriculture, makes Equipment Floater coverage particularly valuable. Here's why:

1. Protection against theft and damage: Equipment Floater coverage safeguards your assets from theft, vandalism, fire, and other perils. In Utah, where equipment can be exposed to harsh weather conditions or potential theft, having this coverage becomes essential.

2. Coverage for equipment on the move: If your business requires equipment transportation, whether within Utah or across state lines, Equipment Floater coverage ensures that your assets are protected during transit. This coverage extends to equipment being used on different job sites, providing peace of mind for businesses operating in multiple locations.

3. Financial stability: Equipment Floater coverage helps mitigate the financial burden of replacing or repairing expensive equipment. Without this coverage, businesses may face significant financial setbacks if their equipment is damaged or stolen.

Let's consider a construction company based in Moab, Utah. They have a fleet of construction vehicles, including excavators, bulldozers, and cranes. While working on a project in a remote area, their excavator is stolen overnight. Without Equipment Floater coverage, the company would be responsible for replacing the excavator, which could cost tens of thousands of dollars. However, with the coverage in place, the insurance company would reimburse the company for the stolen equipment, minimizing the financial impact and allowing them to continue operations smoothly.

Frequently Asked Questions about Equipment Floater Coverage

Is Equipment Floater coverage necessary for all businesses in Utah?

Equipment Floater coverage is particularly valuable for businesses that rely heavily on movable equipment. However, it is recommended to consult with an insurance professional to determine if this coverage aligns with your specific business needs.

Can Equipment Floater coverage be customized to fit my business requirements?

Yes, Equipment Floater coverage can be tailored to meet your business's unique needs. An insurance agent can help you select the appropriate coverage limits and endorsements based on your specific equipment and industry.

Does Equipment Floater coverage include coverage for rented or leased equipment?

Yes, Equipment Floater coverage can include protection for rented or leased equipment. Be sure to discuss this with your insurance provider to ensure you have the necessary coverage.


Equipment Floater Insurance in Moab, UT

Equipment Floater coverage plays a vital role in protecting your business assets, especially in the dynamic business environment of Utah. Whether it's safeguarding against theft, covering equipment in transit, or providing financial stability, this coverage offers valuable protection for your movable equipment. Consult with an insurance professional to assess your business's needs and ensure that your assets are adequately protected with Equipment Floater coverage.