Equipment News

UFG Launches New Equipment Sales, Rental Product

United Fire Group (UFG) has launched a new equipment sales and rental (ESR) product for agricultural; lawn and garden; industrial, construction or material handling equipment dealers. Using an AAIS product as its foundation, UFG developed several coverage enhancements, including: GAP …

Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown

Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment breakdown. According to Mike Martin, executive vice president and general manager, …

Liberty Mutual Enhances Inland Marine Coverage, Partners with NER

Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors’ equipment customers increased protection from equipment theft. The insurer is now offering an endorsement that waives the theft deductible up to $10,000 if …

CNA Canada to Use CargoNet, NER to Combat Cargo Theft

CNA, a global business insurer, is now using CargoNet and the National Equipment Register (NER) — two national information sharing systems designed to help policyholders combat the growing problems of cargo and heavy equipment theft. CargoNet and NER are divisions …

Willis Launches Insurance Program for Equipment Rental Industry

Willis Programs of New Hampshire, Inc., a unit of Willis Group Holdings, has introduced a customized insurance product for rental yards and the equipment rental industry. Rent-itGuard will meet the insurance and risk management needs of businesses engaged in the …

XL Group Launches Product for Construction Equipment

The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether it’s a backhoe or computer, contractors rely on diverse equipment to support …