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Help protect your investment with physical damage protection tailored to your business.
When it comes to physical damage insurance for commercial equipment, dealers’ distribution networks, financial institutions, and lessors all have different needs and requirements. Assurant can handle them all. That’s because we’re the underwriter for our own products, which means we can develop customized solutions for physical damage insurance that protects against unforeseen perils such as theft, collisions, accidental damage, and other optional coverages designed to help keep your equipment operational with fewer business interruptions.

Company Statistics

Our coverage

Coverage for dealer equipment

Physical damage insurance coverage for commercial equipment related to:

  • Agriculture
  • Construction
  • Forestry
  • Trucking 

Covered perils and damages include:

  • Burglary and theft
  • Collision and overturns
  • Fire and smoke
  • Vandalism
  • Certain natural disasters or storms as listed in policy details  

Optional physical damage coverages for dealers

  • Downtime/rental reimbursement
  • Personal effects
  • Towing and storage
  • Windshield replacement

All optional coverages are available for Trucking only.

Coverages for equipment leasing and finance companies

Physical damage policies are available on most types of equipment collateralizing commercial leases or finance agreements.

  •  Agriculture
  • Commercial vehicles/titled transportation
  • Construction
  • Manufacturing
  • Medical, dental, and veterinary 
  • Office and business furniture, computers, security systems, printers, mobile technology, telecommunication
  • Retail and restaurant

Covered perils and damages include:

  • Accidental damage
  • Burglary and theft
  • Collision
  • Fire and smoke
  • Power surge
  • Terrorism
  • Certain natural disasters or storms as listed in policy details 

Optional coverages for equipment leasing and finance companies 

  • Automatic Coverage
  • Earthquake Coverage
  • Loss of Use

Our full suite of commercial equipment products

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Extended Service Contracts

Our affordable service contracts feature flexible coverage options, streamlined claims processing, and industry-leading customer service.

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Guaranteed Asset Protection (GAP)

Provide customers with peace of mind by covering the difference between the value of financed commercial vehicles and the amount owed on the loan in the event of a total loss.

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Non-Trucking Liability

Safeguard your business with bodily injury and property damage coverage while commercial vehicles are used for nonbusiness purposes.

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Insurance Tracking

Automatic insurance and detailed tracking and reporting that keeps your assets secure and your business running smoothly.

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Loss Damage Waiver

Protect rented equipment with comprehensive and reliable physical damage insurance.

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Lessor’s Liability

Protect your business with contingent liability coverage for bodily injury and property damage directly related from the operation of the leased equipment.

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Heavy Truck F&I Training

We offer industry-leading training for heavy truck F&l or hybrid sales professionals that's proven to help drive PVR, overall revenue, and CSI scores.

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Contact the team

Get in touch with our commercial equipment sales team to learn more about how to protect your office, heavy trucking, forestry, and commercial equipment and your business.

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