What type of insurance covers equipment used in industries like construction and mining?

The correct answer is a contractors equipment floater because this type of insurance is specifically designed to cover movable equipment and machinery that contractors use in their operations, such as in construction and mining. These floaters provide protection for tools and equipment that may be utilized at different job sites and often include coverage for losses due to theft, damage, or other unforeseen incidents.

This insurance is essential for contractors who need to protect their investment in expensive equipment and ensure they can continue operations without significant financial loss due to equipment issues. While other insurance types serve critical roles in a business's overall risk management strategy, they do not provide the targeted coverage for construction and mining equipment that a contractors equipment floater does.