12 Nov Water Pumping Equipment Insurance

Make Sure Your Water Pumping Equipment is Covered In Transit

The summer’s tropical storm season is almost here, and that can mean flooding and wide fluctuations in agricultural areas even if they are not directly in the storm’s path. These weather patterns can do anything from flood fields across the country to perpetuate droughts in the south and the west. If your business uses agricultural water pumping equipment — either in response to weather emergencies or to regularly work with irrigated farmland, then your equipment will be on the road a lot this summer. One of the best things you can do to protect your agricultural pumps, and your business, is to have Water Pumping Equipment Insurance that protects your business equipment while you’re transporting it.

Why Should Your Water Pumping Equipment Insurance Policy Include Inland Marine Liability Insurance?

•  Business owner policies frequently don’t cover your equipment while you transport it from job to job
  • Your equipment is often the most valuable physical asset you have, and water pumping equipment can be prohibitively expensive to repair or replace. If your general commercial liability coverage leaves a gap in coverage for the transportation of your water pumps, that can leave you paying for repairs and new equipment on your own, which can throw off your business’s bottom line and plans for growth for years into the future. Covering that gap before your equipment is damaged or lost in transit is crucial when your service is highly mobile.
• If you move your equipment yourself, you also need to protect your truck
  • Insurance coverage is becoming more and more modular; while this can be good news in that it allows you to select only the elements of coverage you need for your specific business, it also means that you need to carefully select the types of insurance coverage that do apply to you. If you move your pumping equipment with your own truck or even a truck you rent, inland marine insurance coverage protects you against damage and loss of the loading equipment, too.

Inland marine insurance has very little to do with ‘marine.’ Instead, it is insurance coverage that your business needs whenever you transport business equipment and assets. If you want to learn more about inland marine insurance coverage and how to make sure your insurance plan is the best fit for your business, please contact Evolution Insurance Brokers here.