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• No recent purchase | | Best's Underwriting reports describe the hazards and loss controls of nearly 600 businesses and municipal services. Each report includes a detailed description of the industry and identifies the hazards and loss controls for those companies. The Hazard Index of each report quantifies the degree of liability in applicable lines of insurance. Report Date: 3/22/2024 10:23:39 AM
Report Type: Update
Report Description: The Construction Equipment Dealerships report helps readers assess the insurance needs of companies that rent, lease, and sell new and used equipment to contractors and other companies, as well as non-professionals. Automobile Liability and Automobile Physical Damage are the lines of insurance coverage that carry the highest degree of exposure. Special exposures include a dependence on trucks (e.g., tractor-trailers, flatbed trailers, lowboy trailers, pickup trucks, and vans) to transport both equipment and personnel, often on newly constructed roads or roads under construction that frequently traverse very rough terrain; damage to vehicles can result from collision, fire, theft, hail, or vandalism; and grave injuries to customers, such as crushing, and dismemberment. Related reports include Automobile Dealers – New and Used – Retail; Building Construction – General Contractors; Farm Machinery Manufacturing; Renting and Leasing Services – Equipment; Trucking – Long Haul; Trucking – Specialized Carriers; and Welding, Brazing and Cutting. |