Heavy equipment insurance is a type of insurance that helps protect businesses and individuals that use heavy equipment from financial losses that may occur due to damages to the equipment. This type of insurance can help cover the costs of repairing or replacing the equipment and other associated costs, such as lost productivity or income.

Why Is Heavy Equipment Insurance Important?

Heavy equipment insurance can be an invaluable asset for businesses that use heavy equipment regularly. Here are some of the benefits of having this insurance: 

1. Financial Protection

Heavy equipment insurance provides coverage for the full value of any damaged or destroyed equipment and any associated costs that may arise from the incident. This ensures that the business will not have to bear the full cost of the damage or destruction, which could be financially devastating. 

2. Cost Savings

It can save businesses money in the long run. Without coverage, the business could be liable for any damage or destruction that occurs, which could be very costly. With Heavy Equipment Insurance, these costs are greatly reduced. 

3. Flexible Coverage

Heavy equipment insurance policies can be tailored to fit the needs of the business, providing coverage for the specific types of equipment the business relies on. This allows the business to get the coverage it needs without having to purchase coverage for additional equipment that is not used regularly. 

What Is Counted as Heavy Equipment?

Heavy equipment is any machinery or tool that is used to perform a specific task in the construction and industrial industries. It is a broad term that can refer to anything from tractors, bulldozers, cranes, and excavators to smaller machines such as forklifts, backhoes, and skid steers. Heavy equipment is essential to the success of any construction project, as it allows workers to complete tasks quickly and efficiently.

Which Industries Need Heavy Equipment Insurance?

The industries that require heavy equipment insurance vary greatly, but some of the most common industries that need it include construction, agriculture, oil and gas, manufacturing, and transportation. Below, we go in detail why these industries should get heavy equipment insurance.


Construction companies often use large and expensive equipment, such as bulldozers, cranes, and excavators. These pieces of equipment can easily be damaged or destroyed if not properly maintained. Heavy equipment insurance protects construction companies from the financial losses that can occur if their equipment is damaged or stolen.


Agriculture requires equipment such as tractors, combines, and harvesters. These equipment are vital to the success of any agricultural business, and any damage or theft could be financially devastating. Heavy equipment insurance helps protect agricultural businesses from these losses.

Oil and Gas

Oil and gas companies often use drilling rigs, pumps, pipelines, and other heavy equipment. It would cost a lot for these pieces of equipment to be repaired or replaced once they received any damage. With heavy equipment insurance, those working in this industry can be assured that they will not be at a complete loss if these items are damaged.

How Much Does Heavy Equipment Insurance Cost?

The cost of heavy equipment insurance depends on a number of factors, including the type of equipment being insured, the value of the equipment, the location of the equipment, and the insurance company. A construction company that insures a fleet of bulldozers will pay more for their insurance than an agricultural business insures a single tractor.


Heavy equipment insurance is a must for anyone who owns or operates heavy machinery. Not only does it protect your equipment from damage, but it also protects you from liability if someone is injured while using your machinery. There are a variety of insurance policies available, so be sure to speak with an insurance agent to find the one that best meets your needs.

If you need tools and equipment insurance coverage, you can get it from us at Pascal Burke Insurance Brokerage Inc. We offer contractors different kinds of policies, from general coverage to specialized plans that they may need. Get in touch with us to learn more about our policies.