Transforming Equipment Coverage: Great American's Latest Offering
Great American Insurance Group Unveils Equipment Pro
Great American Insurance Group is excited to announce its latest innovation in contractor’s equipment insurance with the introduction of Equipment Pro. This advanced insurance solution has been meticulously designed to meet the diverse needs of contractors and their operations. As the industry continues to face dynamic challenges, it is crucial for professionals to have robust and flexible insurance coverage that adapts to their specific requirements.
Enhanced Coverage for Contractors
Equipment Pro is a significant upgrade to the existing contractor's equipment offerings within Great American's Property & Inland Marine Division. This new product not only expands the types of equipment covered, but it also allows for customizable limits and deductibles tailored to the unique exposure risks that contractors may encounter. From protection against fire and theft to natural disasters like floods and wind-related damage, Equipment Pro ensures comprehensive coverage of contractor assets.
Innovative Rating Approach
One of the standout features of Equipment Pro is its innovative rating system. This system rewards contractors with premium credits based on their years of operation and positive loss experience. Such an approach not only incentivizes good risk management practices but also helps contractors save on their insurance costs over time.
Additional Coverages Tailored to Industry Needs
In addition to the essential coverage options, Equipment Pro also includes 18 additional coverages that can address less common exposures. This flexibility is particularly beneficial for contractors working in specialized fields who require tailored solutions that competing products may not readily offer. Clients can choose from seven optional coverages and numerous endorsements designed to cater to the varied nature of contracting work.
Streamlined Claims Management
When it comes to claims, contractors can rest assured knowing that an in-house team of inland marine experts will manage their claims process. This dedicated team is trained to handle claims swiftly and efficiently, enabling contractors to focus on their primary business operations without extended disruptions.
Dave Lancaster, Divisional Vice President at Great American Property & Inland Marine, emphasized the importance of equipment for contractors saying, "We recognize how vital equipment is for the day-to-day functions of contractors. Equipment Pro is crafted to provide peace of mind, ensuring swift protection and claims handling for our clients."
Learn More About Equipment Pro
For more information on the Equipment Pro insurance product, potential clients and contractors can visit GAIG.com/PIM. Here, they will find comprehensive details about the features and benefits of this insurance solution.
About Great American Insurance Group
Great American Insurance Group has a rich history dating back to 1872, with a solid foundation as one of the industry's more reputable insurance providers. Based in Cincinnati, Ohio, the company primarily focuses on property and casualty insurance, particularly specialized commercial products. They have maintained an “A+” (Superior) rating from the AM Best Company, affirming their commitment to excellence and reliability in the insurance sector.
Specialized Service and Expertise
The Property & Inland Marine Division of Great American assures clients of specialized service tailored to their unique insurance needs. Committed to supporting contractors and helping them thrive, the division prides itself on enabling customers to gain fulfilling solutions in risk management.
Frequently Asked Questions
What is Equipment Pro?
Equipment Pro is an innovative contractor’s equipment insurance product developed by Great American Insurance Group, designed to provide extensive and customizable coverage options for contractors of various sizes.
What types of coverage does Equipment Pro offer?
Equipment Pro includes coverage for fire, theft, natural disasters, and additional coverages tailored to meet the specific needs of contractors across different industries.
How does the premium rating system work?
The premium rating system offers credits based on a contractor's years in business and positive loss history, allowing clients to potentially reduce their insurance costs.
Who handles claims for Equipment Pro?
Claims are managed by an experienced in-house team of inland marine experts who ensure that contractors receive prompt and efficient claims processing.
Where can I find more information about Equipment Pro?
Additional information regarding Equipment Pro can be found by visiting the Great American Insurance Group website at GAIG.com/PIM.
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