Which policy is designed to cover a range of equipment used in various industries?

The policy designed to cover a range of equipment used in various industries is the Contractors Equipment Floater. This type of insurance is specifically tailored to protect mobile equipment and machinery that contractors use in their operations. It extends coverage beyond just the fixed location of a business and includes equipment that may be in transit or stored at a job site. This makes it particularly relevant for contractors who often work with diverse and high-value equipment across multiple locations.

The Contractors Equipment Floater provides comprehensive protection, which can include coverage for theft, damage, or loss due to various circumstances that may arise during the course of work in different settings. This flexibility is crucial for contractors, as they frequently rely on specialized equipment that may be exposed to various risks while on job sites.

In contrast, equipment insurance generally refers to policies focused on specific kinds of equipment rather than a diverse range across industries. A Business Owner's Policy combines general liability insurance and property coverage for small to medium-sized businesses, but it does not specifically target the needs of equipment coverage for contractors. Property insurance primarily covers real estate and its contents and does not extend to equipment used in different job sites effectively. Thus, the Contractors Equipment Floater is the ideal choice for those needing comprehensive coverage for movable equipment associated with contracting work.