View this article online: https://www.insurancejournal.com/news/national/2019/05/16/526594.htm

Highland Insurance Solutions Launches Contractors Equipment Coverage

Highland Insurance Solutions has launched a new equipment product for contractors. The new policy form offers broad protection and scheduled or blanket reporting coverage.

Highland’s new contractors equipment coverage features include:

• Up to $10 million loss limits
• $5,000 minimum premium
• No co-insurance penalties
• Automatic replacement cost coverage on equipment five years or newer
• Blanket loss payee language built into form for fast certificate issuance

Target classes for the coverage include:

• General gontractors
• Street and road, including batch plants
• Oil and gas servicing
• Bridge builders
• Demolition
• Open pit and above ground mining
• Recycling
• Water and sewer cut and cover
• Land development
• Pipelines

Highland Insurance Solutions, a subsidiary of Tokio Marine Kiln, is a managing general agent that offers insurance products and specialty risk management products for the construction industry. It launched with a builders risk program in 2015 and has since grown the company’s annual written premium to more than $100 million. Highland is a wholly owned company of WNC Insurance Services Inc., a property and casualty underwriting agency that offers specialty risk management products, including private flood, construction and lender-placed products.