Best's Loss Control Report

Construction Equipment Dealerships

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Best's Loss Control reports describe the hazards present in a wide variety of industries and municipal services. Each report includes a description of the industry, on-site inspection checklists to identify exposures and loss controls, and a Hazard Index chart that quantifies the degree of liability in relevant 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.


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